Business Acquisitions (Tables)

6 Months Ended

Jun. 27, 2015

Schedule of Business Acquisitions, by Acquisition

The preliminary purchase price allocation of $52.1 million, net of $7.2 million in cash acquired, is as follows:



	October 29, 2014
	(in thousands)
Current assets (excluding cash)	$	4,648
Property, plant and equipment	1,579
Definite-lived intangible assets	23,920
Goodwill	34,927
Current liabilities	(3,515		)
Long-term liabilities	(9,486		)
Total purchase price allocation	$	52,073

The preliminary purchase price allocation of $9.6 million, net of less than $0.1 million of cash acquired, is as follows:



	May 5, 2015
	(in thousands)
Accounts receivable, net	$	981
Inventory	1,518
Other current assets (excluding cash)	318
Property, plant and equipment	13,866
Definite-lived intangible assets	3,400
Current liabilities	(397		)
Long-term liabilities	(250		)
Fair value of net assets acquired	19,436
Bargain purchase gain	(9,878		)
Total purchase price allocation	$	9,558

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The breakout of definite-lived intangible assets acquired is as follows:



	October 29, 2014		Weighted average amortization life
	(in thousands)		(in years)
Client relationships	$	19,000	13
Other intangible assets	4,920		9
Total definite-lived intangible assets	$	23,920

Schedule of Assets and Liabilities Acquired

The purchase price allocation of $183.6 million, net of $8.2 million of cash acquired, was as follows (in thousands):



Current assets (excluding cash)	$	31,682
Property, plant and equipment	21,008
Other long term assets	11,140
Definite-lived intangible assets	104,470
Goodwill	65,235
Current liabilities	(13,139		)
Long term liabilities	(36,802		)
Total purchase price allocation	$	183,594

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The breakout of definite-lived intangible assets acquired was as follows:



	Definite-Lived Intangible Assets		Weighted Average Amortization Life
	(in thousands)		(in years)
Client relationships	$	94,000	18
Backlog	5,900		1
Trademark and trade names	1,170		3
Leasehold interests	1,000		13
Other intangible assets	2,400		19
Total definite-lived intangible assets	$	104,470

Business Acquisition, Pro Forma Information

The following selected pro forma consolidated results of operations are presented as if the Argenta and BioFocus acquisition had occurred as of the beginning of the period immediately preceding the period of acquisition after giving effect to certain adjustments, including amortization of intangible assets and depreciation of fixed assets of $3.7 million and other one-time costs. These pro forma consolidated results of operations are for informational purposes only and do not necessarily reflect the results of operations had the companies operated as one entity during the periods reported. No effect has been given for synergies, if any, that may have been realized through the acquisition.



	Three Months Ended				Six Months Ended
	June 27, 2015		June 28, 2014		June 27, 2015		June 28, 2014
	(in thousands)
Revenue	$	339,573	$	341,179	$	659,987	$	665,656
Net income attributable to common shareholders	48,509		35,264		80,050		65,688
Earnings per common share
Basic	$	1.04	$	0.75	$	1.71	$	1.40
Diluted	$	1.02	$	0.74	$	1.68	$	1.38