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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

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-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

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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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