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Business Combination (Tables) | 6 Months Ended
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Sep. 29, 2018
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation on Assets and Liabilities | The preliminary estimated purchase price was allocated as follows:
(Dollars in thousands) |  |  | Allocation |
Cash |  |  | $ | 9,722 |
Trade accounts receivable |  |  |  | 13,876 |
Inventory |  |  |  | 19,028 |
Property, plant and equipment |  |  |  | 44,642 |
Deferred tax assets, net |  |  |  | 9,733 |
Other assets |  |  |  | 6,349 |
Accounts payable and accrued liabilities |  |  |  | (35,763 | )
Intangibles |  |  |  | 43,300 |
Goodwill |  |  |  | 174,278 |
Total preliminary estimated purchase price allocation |  |  | $ | 285,165 |
Summary of Company's Results of Operations from Business Acquired | Included in the Company’s results of operations for the three and six months ended September 29, 2018, are results from the business acquired as follows:
(Dollars in thousands) |  | Three Months Ended September 29, 2018 |  |  | Six Months Ended September 29, 2018 |
Net sales |  | $ | 68,083 |  |  | $ | 90,144 |
Summary of Results of Operation As Reported and Proforma Basis | A summary of the results of operations for the Company, on an as reported and on a pro forma basis, are as follows:
|  | Three Months Ended September 30, 2017 |  |  | Six Months Ended September 29, 2018 |  |  | Six Months Ended September 30, 2017 |
(Dollars in thousands) |  | Reported |  |  | Pro forma |  |  | Reported |  |  | Pro forma |  |  | Reported |  |  | Pro forma |
Net sales |  | $ | 259,963 |  |  | $ | 318,425 |  |  | $ | 677,697 |  |  | $ | 723,501 |  |  | $ | 504,065 |  |  | $ | 621,990 |
Net income (loss) |  |  | 7,408 |  |  |  | 8,058 |  |  |  | (77,878 | ) |  |  | (62,769 | ) |  |  | 12,671 |  |  |  | 14,247 |

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- 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
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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=84161108&loc=d3e4845-128472 + Details
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