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Acquisition (Tables)

12 Months Ended

Dec. 26, 2020

Business Combinations [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

The total estimated purchase price allocated to the underlying assets acquired and liabilities assumed based on the provisional amounts are as follows (in thousands):`


						Amount
Cash and cash equivalents						$	1,680
Accounts receivable						1,017
Inventory						3,047
Property, plant and equipment						669
Operating lease, right-of-use-assets						2,554
Prepaid expenses and other assets						599
Tangible assets acquired						9,566
Deferred revenue						(2,393)
Accounts payable and accrued liabilities						(1,268)
Operating lease liabilities						(2,554)
Deferred tax liability						(3,465)
Total net tangible assets acquired and liabilities assumed						(114)
Intangible assets						14,020
Goodwill						4,654
Net assets acquired						$	18,560

The estimated fair value of assets acquired, including goodwill and intangibles, and liabilities assumed for the purchase as follows (in thousands):


						Amount
Accounts receivable						$	4,365
Inventory						2,579
Property, plant and equipment						9,053
Operating lease, right-of-use-assets						519
Prepaid expenses and other assets						56
Tangible assets acquired						16,572
Accounts payable and accrued liabilities						(743)
Operating lease liabilities						(519)
Total net tangible assets acquired and liabilities assumed						15,310
Intangible assets						14,100
Goodwill						5,590
Net assets acquired						$	35,000

We have finalized our allocation of the assets acquired, including goodwill and intangibles, and liabilities assumed for the purchase as follows (in thousands):


						Amount
Cash and cash equivalents						$	1,687
Accounts receivable						3,079
Inventory						2,643
Property, plant and equipment						696
Operating lease, right-of-use-assets						335
Prepaid expenses and other assets						838
Tangible assets acquired						9,278
Customer deposits						(1,933)
Accounts payable and accrued liabilities						(1,182)
Operating lease liabilities						(335)
Deferred tax liabilities						(5,757)

Total net tangible assets acquired and liabilities assumed						71
Intangible assets						17,429
Goodwill						11,123
Net assets acquired						$	28,623

Summary of Finite-Lived Intangible Assets Acquired

The preliminary intangible assets as of the closing date of the acquisition included (in thousands):


						Amount						Weighted Average Useful Life (in years)
Developed technologies						$	8,000					10.0
Customer relationships						5,400						5.0
Order backlog						400						0.5
Trade names						220						5.0
Total intangible assets						$	14,020					7.7

The preliminary intangible assets as of the closing date of the acquisition included (in thousands):


						Amount						Weighted Average Useful Life (in years)
Developed technologies						$	10,400					10.0
Customer relationships						3,300						3.0
In-process research and development						400						N/A
Total intangible assets						$	14,100					8.3

The intangible assets as of the closing date of the acquisition included (in thousands):


						Amount						Weighted Average Useful Life (in years)
Developed technologies						$	12,505					8.0
Customer relationships						3,071						6.0
Order backlog						1,645						0.5
Trade names						208						2.0

Total intangible assets						$	17,429					6.9