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Business Combinations (Tables)
9 Months Ended
Dec. 27, 2014
Business Combinations  
Schedule of estimated fair values of the assets acquired and liabilities assumed

 

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date based on the purchase price (in thousands):

 

 

 

At May 25, 2013
(Level 3)

 

 

 

 

 

Assets acquired:

 

 

 

Cash and cash equivalents

 

$

1,935 

 

Current assets

 

22,083 

 

Property and equipment, net

 

5,850 

 

Intangible assets acquired

 

5,006 

 

Goodwill

 

15,064 

 

Other assets

 

109 

 

Total assets acquired

 

50,047 

 

Liabilities assumed:

 

 

 

Other current liabilities

 

12,119 

 

Line of credit - current

 

10,259 

 

Notes payable - current

 

9,819 

 

Contingent consideration

 

1,740 

 

Above-market leases

 

83 

 

Capital lease obligation

 

138 

 

Total liabilities assumed

 

34,158 

 

Total purchase price

 

$

15,889 

 

 

 

Schedule of proforma results of operations

 

As adjusted net sales (Unaudited)

 

(in thousands)

 

Thirty-Nine Weeks Ended
December 28, 2013

 

 

 

 

 

Net sales (as reported)

 

$

257,382 

 

Baskins

 

8,290 

 

As adjusted net sales

 

$

265,672 

 

 

As adjusted net income (Unaudited)

 

(in thousands)

 

Thirty-Nine weeks ended
December 28, 2013

 

 

 

 

 

Net income (as reported)

 

$

3,768

 

Baskins

 

831

 

RCC

 

(821

)

Boot Barn Holding Corporation

 

2,593

 

As adjusted net income

 

$

6,371