Acquisitions (Tables)

12 Months Ended

Dec. 29, 2018

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