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BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 26, 2020

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The preliminary purchase price allocation of $37.0 million, net of $0.5 million of cash acquired was as follows:

			August 6, 2020
			(in thousands)
Trade receivables			$	1,525
Inventories			551
Other current assets (excluding cash)			182
Property, plant and equipment			1,648
Goodwill			19,532
Definite-lived intangible assets			16,230
Other long-term assets			849
Current liabilities			(1,360)
Deferred tax liabilities			(1,467)
Other long-term liabilities			(740)
Total purchase price allocation			$	36,950

The preliminary purchase price allocation of $376.7 million, net of $3.1 million of cash acquired was as follows:

			January 3, 2020
			(in thousands)
Trade receivables			$	6,451
Inventories			8,468
Other current assets (excluding cash)			3,494
Property, plant and equipment			10,033
Goodwill			210,196
Definite-lived intangible assets			183,540
Other long-term assets			5,920
Current liabilities			(5,188)
Deferred tax liabilities			(38,529)
Other long-term liabilities			(7,664)
Total purchase price allocation			$	376,721

The purchase price 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 price 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			$	14,740					13
Other intangible assets			1,490						3
Total definite-lived intangible assets			$	16,230					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			$	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												Nine Months Ended
			September 26, 2020						September 28, 2019						September 26, 2020						September 28, 2019
			(in thousands)
			(unaudited)
Revenue			$	743,300					$	677,993					$	2,132,961					$	1,959,544
Net income attributable to common shareholders			102,802						70,722						225,890						165,376

			September 28, 2019
			Three Months Ended						Nine Months Ended
Revenue			$	667,951					$	1,992,472
Net income attributable to common shareholders			74,948						189,601

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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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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