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BUSINESS ACQUISITIONS AND DIVESTITURE (Tables) | 12 Months Ended
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Dec. 30, 2017
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The purchase price allocation of $62.0 million, net of $2.9 million of cash acquired, was as follows:
| September 28, 2016
| (in thousands)
Trade receivables (contractual amount of $4,799) | $ | 4,799 |
Other current assets (excluding cash) | 794 |
Property, plant and equipment | 3,907 |
Other long-term assets | 11 |
Definite-lived intangible assets | 21,900 |
Goodwill | 44,517 |
Current liabilities | (3,812 | )
Long-term liabilities | (10,091 | )
Total purchase price allocation | $ | 62,025 |
The purchase price allocation of $20.1 million, net of $0.6 million of cash acquired, was as follows:
| August 4, 2017
| (in thousands)
Trade receivables (contractual amount of $1,146) | $ | 1,146 |
Other current assets (excluding cash) | 640 |
Property, plant and equipment | 664 |
Other long-term assets | 29 |
Definite-lived intangible assets | 9,300 |
Goodwill | 11,762 |
Current liabilities | (863 | )
Deferred revenue | (405 | )
Long-term liabilities | (2,151 | )
Total purchase price allocation | $ | 20,122 |
The purchase price allocation of $212.2 million, net of $2.3 million of cash acquired, was as follows:
| July 24, 2015
| (in thousands)
Trade receivables (contractual amount of $5,410) | $ | 5,288 |
Inventories | 10,103 |
Other current assets (excluding cash) | 13,269 |
Property, plant and equipment | 4,639 |
Definite-lived intangible assets | 118,140 |
Goodwill | 105,550 |
Other long-term assets | 537 |
Current debt | (9,766 | )
Other current liabilities | (7,136 | )
Long-term liabilities | (28,388 | )
Total purchase price allocation | $ | 212,236 |
The purchase price allocation of $577.4 million, net of $27.4 million of cash acquired, was as follows:
| April 4, 2016
| (in thousands)
Trade receivables (contractual amount of $48,625) | $ | 48,157 |
Inventories | 2,296 |
Other current assets (excluding cash) | 3,814 |
Property, plant and equipment | 129,066 |
Other long-term assets | 1,060 |
Definite-lived intangible assets | 164,800 |
Goodwill | 330,175 |
Deferred revenue | (39,103 | )
Other current liabilities | (27,386 | )
Long-term liabilities | (35,488 | )
Total purchase price allocation | $ | 577,391 |
The purchase price allocation of $35.4 million, net of $0.6 million of cash acquired, was as follows:
| November 18, 2015
| (in thousands)
Trade receivables (contractual amount of $3,546) | $ | 3,520 |
Inventories | 129 |
Other current assets (excluding cash) | 706 |
Property, plant and equipment | 2,528 |
Definite-lived intangible assets | 13,330 |
Goodwill | 22,894 |
Other long-term assets | 250 |
Current liabilities | (3,456 | )
Long-term liabilities | (4,470 | )
Total purchase price allocation | $ | 35,431 |
The purchase price allocation of $11.7 million, net of a non-significant amount of cash acquired, was as follows:
| June 27, 2016
| (in thousands)
Trade receivables (contractual amount of $1,104) | $ | 1,104 |
Other current assets (excluding cash) | 15 |
Property, plant and equipment | 912 |
Other long-term assets | 187 |
Definite-lived intangible assets | 1,230 |
Goodwill | 10,334 |
Current liabilities | (1,132 | )
Long-term liabilities | (901 | )
Total purchase price allocation | $ | 11,749 |
The purchase price allocation of $9.6 million, net of less than $0.1 million of cash acquired, was as follows:
| May 5, 2015
| (in thousands)
Trade receivables (contractual amount of $995) | $ | 965 |
Inventories | 1,518 |
Other current assets (excluding cash) | 973 |
Property, plant and equipment | 13,698 |
Definite-lived intangible assets | 3,400 |
Current liabilities | (925 | )
Long-term liabilities | (250 | )
Fair value of net assets acquired | 19,379 |
Bargain purchase gain | (9,821 | )
Total purchase price allocation | $ | 9,558 |
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 | $ | 7,146 |  |  | 19
Developed technology | 5,960 |  |  | 19
Other intangible assets | 224 |  |  | 3
Total definite-lived intangible assets | $ | 13,330 |  |  | 19
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 | $ | 650 |  |  | 10
Other intangible assets | 580 |  |  | 5
Total definite-lived intangible assets | $ | 1,230 |  |  | 7
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 | $ | 137,500 |  |  | 15
Developed technology | 20,700 |  |  | 3
Backlog | 6,600 |  |  | 1
Total definite-lived intangible assets | $ | 164,800 |  |  | 13
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 | $ | 16,700 |  |  | 17
Other intangible assets | 5,200 |  |  | 4
Total definite-lived intangible assets | $ | 21,900 |  |  | 14
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 | $ | 7,000 |  |  | 13
Other intangible assets | 2,300 |  |  | 10
Total definite-lived intangible assets | $ | 9,300 |  |  | 12
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 | $ | 71,000 |  |  | 16
Developed technology | 39,140 |  |  | 14
Trademark and trade names | 5,200 |  |  | 14
Non-compete | 2,800 |  |  | 5
Total definite-lived intangible assets | $ | 118,140 |  |  | 15
Business Acquisition, Pro Forma Information | The following selected unaudited pro forma consolidated results of operations are presented as if the WIL Research acquisition had occurred as of the beginning of the period immediately preceding the period of acquisition after giving effect to certain adjustments. For fiscal year 2016, these adjustments included additional amortization of intangible assets and depreciation of fixed assets of $0.4 million, reversal of interest expense on borrowings of $2.6 million, elimination of intercompany activity and other one-time costs, and the tax impacts of these adjustments. For fiscal year 2015, these adjustments included additional amortization of intangible assets and depreciation of fixed assets of $13.6 million, reversal of interest expense on borrowings of $10.5 million, inclusion of acquisition-related transaction costs of $11.5 million, elimination of intercompany activity and other one-time costs, and the tax impacts of these adjustments.
| Fiscal Year
| 2016 |  | 2015
| (in thousands, except per share amounts)
| (unaudited)
Revenue | $ | 1,741,964 |  |  | $ | 1,578,133 |
Net income attributable to common shareholders | 175,779 |  |  | 153,974 |
Earnings per common share: |  |  |
Basic | $ | 3.74 |  |  | $ | 3.31 |
Diluted | $ | 3.67 |  |  | $ | 3.23 |
The following selected unaudited pro forma consolidated results of operations are presented as if the Celsis acquisition had occurred as of the beginning of the period immediately preceding the period of acquisition after giving effect to certain nonrecurring costs and other adjustments, resulting in a reversal of $0.6 million for fiscal year 2015, related to depreciation and amortization of property, plant and equipment, inventory fair value adjustments and intangible assets.
| Fiscal Year 2015
| (in thousands, except per share amounts)
| (unaudited)
Revenue | $ | 1,380,493 |
Net income attributable to common shareholders | 162,672 |
Earnings per common share: |
Basic | $ | 3.50 |
Diluted | $ | 3.42 |
Carrying Amounts of Assets and Liabilities | As of February 10, 2017, the carrying amounts of the major classes of assets and liabilities associated with the divestiture of the CDMO business were as follows (in thousands):
Assets |
Current assets | $ | 5,505 |
Property, plant and equipment, net | 11,174 |
Goodwill | 35,857 |
Long-term assets | 17,154 |
Total assets | $ | 69,690 |
Liabilities |
Deferred revenue | $ | 4,878 |
Other current liabilities | 1,158 |
Total liabilities | $ | 6,036 |

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