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Acquisitions (Tables) | 12 Months Ended
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Dec. 29, 2018
Business Combinations [Abstract] |
Purchase Price Allocation | The following table summarizes the estimated fair values of assets acquired and liabilities assumed and the purchase price of the Company's 2017 acquisitions.
|  | NII FPG |  | Unaflex |  | Other |  |
(In thousands) |  | July 5, 2017 |  | August 14, 2017 |  | October 30, 2017 |  | Total
Net Assets Acquired: |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 2,219 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,219 |
Accounts Receivable |  | 6,542 |  |  | 2,079 |  |  | — |  |  | 8,621 |
Inventories |  | 25,304 |  |  | 2,033 |  |  | — |  |  | 27,337 |
Property, Plant, and Equipment |  | 12,912 |  |  | 1,279 |  |  | 284 |  |  | 14,475 |
Other Assets |  | 2,375 |  |  | 72 |  |  | — |  |  | 2,447 |
Definite-Lived Intangible Assets |  |  |  |  |  |  |  |
Customer relationships |  | 44,682 |  |  | 8,000 |  |  | 1,500 |  |  | 54,182 |
Product technology |  | 17,100 |  |  | 2,300 |  |  | — |  |  | 19,400 |
Other |  | 2,530 |  |  | 900 |  |  | — |  |  | 3,430 |
Indefinite-Lived Intangible Assets |  |  |  |  |  |  |  |
Tradenames |  | 8,500 |  |  | — |  |  | — |  |  | 8,500 |
Goodwill |  | 85,432 |  |  | 15,640 |  |  | 716 |  |  | 101,788 |
Total assets acquired |  | 207,596 |  |  | 32,303 |  |  | 2,500 |  |  | 242,399 |
Accounts Payable |  | 4,970 |  |  | 358 |  |  | — |  |  | 5,328 |
Customer Deposits |  | 7,396 |  |  | 100 |  |  | — |  |  | 7,496 |
Long-Term Deferred Income Taxes |  | 16,622 |  |  | — |  |  | — |  |  | 16,622 |
Other Liabilities |  | 5,597 |  |  | 174 |  |  | — |  |  | 5,771 |
Total liabilities assumed |  | 34,585 |  |  | 632 |  |  | — |  |  | 35,217 |
Net assets acquired |  | $ | 173,011 |  |  | $ | 31,671 |  |  | $ | 2,500 |  |  | $ | 207,182 |
Purchase Price: |  |  |  |  |  |  |  |  |
Cash Paid |  | $ | 2,993 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,993 |
Cash Paid to Seller Borrowed Under the Revolving Credit Facility |  | 170,018 |  |  | 31,274 |  |  | 2,500 |  |  | 203,792 |
Estimated Post-closing Adjustment | — |  | — |  |  | 397 |  |  | — |  |  | 397 |
Total purchase price |  | $ | 173,011 |  |  | $ | 31,671 |  |  | $ | 2,500 |  |  | $ | 207,182 |
The following table summarizes the estimated fair values of assets acquired and liabilities assumed and the purchase price of PAAL.
|  | PAAL
(In thousands) |  | April 4, 2016
Net Assets Acquired: |  |
Cash and Cash Equivalents |  | $ | 2,277 |
Accounts Receivable |  | 5,441 |
Inventories |  | 3,947 |
Property, Plant, and Equipment |  | 7,179 |
Other Assets |  | 2,882 |
Definite-Lived Intangible Assets |  |
Customer relationships |  | 15,831 |
Product technology |  | 4,203 |
Tradenames |  | 2,278 |
Other |  | 2,379 |
Goodwill |  | 38,552 |
Total assets acquired |  | 84,969 |
Accounts Payable |  | 5,536 |
Customer Deposits |  | 2,471 |
Obligations Under Capital Lease |  | 4,842 |
Long-Term Deferred Income Taxes |  | 6,148 |
Other Liabilities |  | 6,913 |
Total liabilities assumed |  | 25,910 |
Net assets acquired |  | $ | 59,059 |
Purchase Price: |  |  |
Cash |  | $ | 29,193 |
Cash Paid to Seller Borrowed Under the Revolving Credit Facility |  | 29,866 |
Total purchase price |  | $ | 59,059 |
Unaudited Supplemental Pro Forma Information | Had the acquisitions of NII FPG and Unaflex been completed as of the beginning of 2016, the Company’s pro forma results of operations for 2017 and 2016 would have been as follows:
(In thousands, except per share amounts) |  | December 30, 2017 |  | December 31, 2016
Revenues |  | $ | 565,710 |  |  | $ | 508,832 |
Net Income Attributable to Kadant |  | $ | 44,159 |  |  | $ | 30,638 |
Earnings per Share Attributable to Kadant |  |  |  |
Basic |  | $ | 4.02 |  |  | $ | 2.82 |
Diluted |  | $ | 3.90 |  |  | $ | 2.75 |

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