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Acquisition (Tables)

9 Months Ended

Dec. 25, 2020

Business Combinations [Abstract]

Summary of Preliminary Purchase Price Allocation

The following table summarizes the preliminary purchase price allocation recorded:

Estimated fair value of consideration:
Base purchase price			$	27,281
Contingent Consideration			7,800
Total estimated fair value of consideration			$	35,081
Estimated fair value of assets acquired and liabilities assumed:
Net working capital			$	4,064
Property and equipment			57
Finite-life intangible assets			13,600
Indefinite-life intangible assets			2,400
Deferred tax liability			(3,843)
Goodwill			18,803
Allocated purchase price			$	35,081

Schedule of Finite-Lived Intangible Assets Acquired

The following table presents the estimated fair values and useful lives of the identifiable finite-life intangible assets acquired:

			Useful Life						Fair value
Completed technology			12 years						$	13,100
Customer relationships			6 years						300
Trademarks			5 years						200
									$	13,600

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- References

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472

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