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BUSINESS COMBINATIONS (Tables) | 6 Months Ended
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Jun. 26, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Purchase Price Allocation | The preliminary purchase price allocation of $53.1 million, net of $8.5 million of cash acquired was as follows:
| March 30, 2021
| (in thousands)
Trade receivables | $ | 2,266 |
Other current assets (excluding cash) | 209 |
Property, plant and equipment | 400 |
Goodwill | 33,625 |
Definite-lived intangible assets | 22,126 |
Other long-term assets | 1,385 |
Current liabilities | (1,569) |
Deferred tax liabilities | (4,174) |
Other long-term liabilities | (1,205) |
Total purchase price allocation | $ | 53,063 |
The preliminary purchase price allocation of $876.1 million, net of $70.5 million of cash acquired was as follows:
| March 29, 2021
| (in thousands)
Trade receivables | $ | 16,564 |
Inventories | 4,231 |
Other current assets (excluding cash) | 9,840 |
Property, plant and equipment | 52,082 |
Operating lease right-of-use assets, net | 34,349 |
Goodwill | 603,379 |
Definite-lived intangible assets | 266,700 |
Other long-term assets | 6,098 |
Deferred revenue | (18,582) |
Current liabilities | (32,517) |
Operating lease right-of-use liabilities | (31,383) |
Deferred tax liabilities | (34,256) |
Other long-term liabilities | (414) |
Total purchase price allocation | $ | 876,091 |
The preliminary purchase price allocation of $97.0 million, net of $0.8 million of cash acquired was as follows:
| December 31, 2020
| (in thousands)
Trade receivables | $ | 2,722 |
Other current assets (excluding cash) | 221 |
Property, plant and equipment | 2,382 |
Goodwill | 71,585 |
Definite-lived intangible assets | 24,540 |
Other long-term assets | 2,055 |
Current liabilities | (2,823) |
Deferred tax liabilities | (2,529) |
Other long-term liabilities | (1,123) |
Total purchase price allocation | $ | 97,030 |
The 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 |
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 | $ | 17,340 |  |  | 13
Developed technology | 3,685 |  |  | 3
Other intangible assets | 1,101 |  |  | 2
Total definite-lived intangible assets | $ | 22,126 |  |  | 11
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 | $ | 252,900 |  |  | 14
Other intangible assets | 4,900 |  |  | 2
Backlog | 8,900 |  |  | 1
Total definite-lived intangible assets | $ | 266,700 |  |  | 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 | $ | 16,080 |  |  | 9
Developed technology | 3,940 |  |  | 5
Other intangible assets | 4,520 |  |  | 4
Total definite-lived intangible assets | $ | 24,540 |  |  | 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 | $ | 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
Schedule of Pro Forma Information |
| Three Months Ended |  | Six Months Ended
| June 26, 2021 |  | June 27, 2020 |  | June 26, 2021 |  | June 27, 2020
| (in thousands)
| (unaudited)
Revenue | $ | 914,607 |  |  | $ | 706,250 |  |  | $ | 1,767,096 |  |  | $ | 1,434,708 |
Net income attributable to common shareholders | 96,365 |  |  | 74,408 |  |  | 138,712 |  |  | 85,249 |
| June 27, 2020 |  |  |
| Three Months Ended |  | Six Months Ended |  |  |  |
| (unaudited) |  | (unaudited) |  |  |  |
Revenue | $ | 682,584 |  |  | $ | 1,389,661 |  |  |  |  |
Net income attributable to common shareholders | 67,383 |  |  | 123,088 |  |  |  |  |

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