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Business Combinations (Tables) | 6 Months Ended
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May 01, 2020
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the preliminary Venture Products purchase price to the fair values assigned to the Venture Products assets acquired and liabilities assumed. These fair values are based on internal company and independent external third-party valuations and are subject to change as certain asset and liability valuations are finalized:
(Dollars in thousands) |  | March 2, 2020
Cash and cash equivalents |  | $ | 3,476 |
Receivables |  | 6,342 |
Inventories |  | 23,000 |
Prepaid expenses and other current assets |  | 239 |
Property, plant and equipment |  | 26,976 |
Goodwill |  | 65,185 |
Other intangible assets |  | 75,300 |
Accounts payable |  | (4,075 | )
Accrued liabilities |  | (6,186 | )
Deferred income tax liabilities |  | (20,850 | )
Total fair value of net assets acquired |  | 169,407 |
Less: cash and cash equivalents acquired |  | (3,476 | )
Total preliminary Venture Products purchase price |  | $ | 165,931 |
The following table summarizes the allocation of the CMW purchase price to the fair values assigned to the CMW assets acquired and liabilities assumed. These fair values are based on internal company and independent external third-party valuations:
(Dollars in thousands) |  | April 1, 2019
Cash and cash equivalents |  | $ | 16,341 |
Receivables |  | 65,674 |
Inventories |  | 241,429 |
Prepaid expenses and other current assets |  | 8,050 |
Property, plant and equipment |  | 142,779 |
Goodwill |  | 134,657 |
Other intangible assets |  | 264,190 |
Other long-term assets |  | 7,971 |
Accounts payable |  | (35,892 | )
Accrued liabilities |  | (51,943 | )
Deferred income tax liabilities |  | (85,277 | )
Other long-term liabilities |  | (6,665 | )
Total fair value of net assets acquired |  | 701,314 |
Less: cash and cash equivalents acquired |  | (16,341 | )
Total CMW purchase price |  | $ | 684,973 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The fair values of the other intangible assets acquired on the CMW closing date, related accumulated amortization from the CMW closing date through May 1, 2020, and weighted-average useful lives were as follows:
(Dollars in thousands) |  | Weighted-Average Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer-related |  | 18.3 |  | $ | 130,800 |  |  | $ | (9,405 | ) |  | $ | 121,395 |
Developed technology |  | 7.8 |  | 20,900 |  |  | (3,750 | ) |  | 17,150 |
Trade names |  | 20.0 |  | 5,200 |  |  | (282 | ) |  | 4,918 |
Backlog |  | 0.5 |  | 3,590 |  |  | (3,590 | ) |  | — |
Total finite-lived |  | 16.6 |  | 160,490 |  |  | (17,027 | ) |  | 143,463 |
Indefinite-lived - trade names |  |  |  | 103,700 |  |  | — |  |  | 103,700 |
Total other intangible assets, net |  |  |  | $ | 264,190 |  |  | $ | (17,027 | ) |  | $ | 247,163 |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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