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BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 26, 2020

Business Combinations [Abstract]

Schedule of Preliminary Purchase Price Allocation

The preliminary purchase price allocation of $36.9 million, net of $0.5 million of cash acquired was as follows:

			August 6, 2020
			(in thousands)
Trade receivables			$	1,500
Inventories			551
Other current assets (excluding cash)			182
Property, plant and equipment			1,648
Goodwill			19,457
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			$	36,850

The 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

From the date of the acquisition through December 26, 2020, the Company recorded measurement-period adjustments related to the acquisition that resulted in an immaterial change to the purchase price allocation on a consolidated basis. No further adjustments will be made to the purchase price allocation.

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 $800.8 million, net of $27.7 million of cash acquired and a final net working capital adjustment of $1.2 million, was as follows:

			April 3, 2018
			(in thousands)
Trade receivables			$	35,073
Inventories			4,463
Other current assets (excluding cash)			5,893
Property, plant and equipment			128,403
Goodwill			441,656
Definite-lived intangible assets			309,200
Other long-term assets			1,081
Deferred revenue			(23,926)
Current liabilities			(32,885)
Deferred tax liabilities			(65,945)
Other long-term liabilities			(2,213)
Total purchase price allocation			$	800,800

Schedule of Finite-Lived Intangible Assets Acquired

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

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			$	264,900					13
Developed technology			23,400						3
Backlog			20,900						1
Total definite-lived intangible assets			$	309,200					12

Schedule of Pro Forma Information

			Fiscal Year
			2020						2019
			(in thousands)
			(unaudited)
Revenue			$	2,923,951					$	2,661,565
Net income attributable to common shareholders			368,800						245,423

			Fiscal Year
			2019						2018
			(in thousands)
			(unaudited)
Revenue			$	2,683,610					$	2,442,283
Net income attributable to common shareholders			268,995						233,288

			Fiscal Year
			2018
			(in thousands)
			(unaudited)
Revenue			$	2,328,213
Net income attributable to common shareholders			225,550

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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-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.

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