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Acquisitions (Tables)

12 Months Ended

Jan. 02, 2021

Business Combinations [Abstract]

Purchase Price Allocation

The following table summarizes the estimated fair values of assets acquired and liabilities assumed and the purchase price for SMH.

						SMH
(In thousands)						January 2, 2019
Net Assets Acquired:
Cash, Cash Equivalents, and Restricted Cash						$	2,431
Accounts Receivable						10,275
Inventories						13,061
Property, Plant, and Equipment						7,383
Other Assets						12,054
Definite-Lived Intangible Assets
Customer relationships						58,300
Product technology						11,000
Other						4,220
Indefinite-Lived Intangible Assets
Tradenames						9,500
Goodwill						78,592
Total assets acquired						206,816
Accounts Payable						3,380
Other Current Liabilities						7,954
Long-Term Lease Liabilities						15,244
Long-Term Deferred Income Taxes						952
Total liabilities assumed						27,530
Net assets acquired						$	179,286
Purchase Price:
Cash Paid to Seller Borrowed Under Revolving Credit Facility						$	179,286

Unaudited Supplemental Pro Forma Information

Had the acquisition of SMH been completed as of the beginning of 2018, the Company’s pro forma results of operations for 2019 and 2018 would have been as follows:

(In thousands, except per share amounts)						December 28, 2019						December 29, 2018
Revenue						$	704,644					$	719,142
Net Income Attributable to Kadant						$	56,409					$	56,511
Earnings per Share Attributable to Kadant
Basic						$	5.02					$	5.10
Diluted						$	4.92					$	4.96

X

- 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)
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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)
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X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
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