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BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 27, 2020

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The purchase allocation of $490.4 million, net of $36.7 million of cash acquired was as follows:

			April 29, 2019
			(in thousands)
Trade receivables			$	35,405
Inventories			5,282
Other current assets (excluding cash)			13,917
Property, plant and equipment			88,605
Goodwill			280,161
Definite-lived intangible assets			162,400
Other long-term assets			20,063
Deferred revenue			(15,278)
Current liabilities			(46,081)
Deferred tax liabilities			(27,458)
Other long-term liabilities			(22,624)
Redeemable noncontrolling interest			(4,035)
Total purchase price allocation			$	490,357

The purchase allocation of $23.1 million, net of $0.3 million of cash acquired was as follows:

			August 28, 2019
			(in thousands)
Trade receivables			$	189
Inventories			7,644
Property, plant and equipment			1,462
Goodwill			12,591
Other long-term assets			11,849
Current liabilities			(441)
Deferred tax liabilities			(1,253)
Other long-term liabilities			(238)
Redeemable noncontrolling interest			(8,740)
Total purchase price allocation			$	23,063

Schedule of Definite-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			$	170,390					19
Trade name			7,330						10
Other intangible assets			5,820						3
Total definite-lived intangible assets			$	183,540					18

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			$	134,600					13
Developed technology			19,900						3
Backlog			7,900						1
Total definite-lived intangible assets			$	162,400					12

Schedule of Business Acquisition, Pro Forma Information

			Three Months Ended																		Six Months Ended
			June 27, 2020						June 29, 2019						June 27, 2020						June 29, 2019
			(in thousands)
			(unaudited)
Revenue			$	682,584					$	668,095					$	1,389,661					$	1,281,551
Net income attributable to common shareholders			67,383						42,467						123,088						94,654

			June 29, 2019
			Three Months Ended						Six Months Ended
Revenue			$	673,645					$	1,325,483
Net income attributable to common shareholders			53,625						114,653

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

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-Publisher FASB
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