XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.21.2

BUSINESS COMBINATIONS (Tables) | 9 Months Ended
--- | ---
Sep. 25, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Purchase Price Allocation | The preliminary purchase price allocation was as follows:
| June 28, 2021
| (in thousands)
Trade receivables | $ | 3,548 |
Other current assets (excluding cash) | 1,657 |
Property, plant and equipment | 7,649 |
Operating lease right-of-use asset, net | 22,507 |
Goodwill | 242,822 |
Definite-lived intangible assets | 93,600 |
Other long-term assets | 694 |
Deferred revenue | (4,260) |
Current liabilities | (6,319) |
Operating lease right-of-use liabilities | (21,220) |
Deferred tax liabilities | (14,600) |
Total purchase price allocation | $ | 326,078 |
The preliminary purchase price allocation was as follows:
| March 30, 2021
| (in thousands)
Trade receivables | $ | 2,266 |
Other current assets (excluding cash) | 209 |
Property, plant and equipment | 400 |
Goodwill | 34,489 |
Definite-lived intangible assets | 22,126 |
Other long-term assets | 1,385 |
Current liabilities | (1,575) |
Deferred tax liabilities | (4,174) |
Other long-term liabilities | (1,205) |
Total purchase price allocation | $ | 53,921 |
The preliminary purchase price allocation was as follows:
| March 29, 2021
| (in thousands)
Trade receivables | $ | 18,566 |
Inventories | 4,231 |
Other current assets (excluding cash) | 10,601 |
Property, plant and equipment | 52,082 |
Operating lease right-of-use assets, net | 34,349 |
Goodwill | 608,792 |
Definite-lived intangible assets | 270,900 |
Other long-term assets | 6,098 |
Deferred revenue | (18,582) |
Current liabilities | (45,025) |
Operating lease right-of-use liabilities | (31,383) |
Deferred tax liabilities | (34,124) |
Other long-term liabilities | (414) |
Total purchase price allocation | $ | 876,091 |
The preliminary purchase price allocation 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 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 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 definite-lived intangible assets acquired were as follows:
| Definite-Lived Intangible Assets |  | Weighted Average Amortization Life
| (in thousands) |  | (in years)
Client relationships | $ | 88,000 |  |  | 12
Backlog | 2,100 |  |  | 1
Other intangible assets | 3,500 |  |  | 4
Total definite-lived intangible assets | $ | 93,600 |  |  | 11
The definite-lived intangible assets acquired were 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 definite-lived intangible assets acquired were as follows:
| Definite-Lived Intangible Assets |  | Weighted Average Amortization Life
| (in thousands) |  | (in years)
Client relationships | $ | 257,200 |  |  | 13
Other intangible assets | 4,800 |  |  | 2
Backlog | 8,900 |  |  | 1
Total definite-lived intangible assets | $ | 270,900 |  |  | 13
The definite-lived intangible assets acquired were 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 definite-lived intangible assets acquired were 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 definite-lived intangible assets acquired were 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 |  | Nine Months Ended
| September 25, 2021 |  | September 26, 2020 |  | September 25, 2021 |  | September 26, 2020
| (in thousands)
| (unaudited)
Revenue | $ | 895,937 |  |  | $ | 790,322 |  |  | $ | 2,678,596 |  |  | $ | 2,230,558 |
Net income attributable to common shareholders | 106,288 |  |  | 120,189 |  |  | 238,775 |  |  | 181,326 |
| September 26, 2020 |  |  |
| Three Months Ended |  | Nine Months Ended |  |  |  |
| (unaudited) |  | (unaudited) |  |  |  |
Revenue | $ | 743,300 |  |  | $ | 2,132,961 |  |  |  |  |
Net income attributable to common shareholders | 102,802 |  |  | 225,890 |  |  |  |  |

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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration