XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.21.2

Acquisitions | 9 Months Ended
--- | ---
Sep. 25, 2021
Business Combination and Asset Acquisition [Abstract] |
Acquisitions | Acquisitions High Precision Devices, Inc. Acquisition On October 19, 2020, we acquired HPD for total consideration of $16.9 million, net of cash acquired of $1.7 million, which included an adjustment for changes in working capital. The acquisition was accounted for using the acquisition method of accounting. The acquisition price was allocated to the tangible and identified intangible assets acquired and liabilities assumed as of the closing date of the acquisition based upon their respective fair values, including an amount for goodwill representing the difference between the acquisition consideration and the fair value of the identifiable net assets. The fair values assigned to the assets acquired and liabilities assumed were based on management’s assumptions as of the acquisition date. We subsequently made certain immaterial adjustments within the measurement period to the acquisition price allocation as a result of finalization of our valuation of identifiable assets and liabilities. See Note 5, Goodwill and Intangible Assets, for the changes in identified intangible values and goodwill. The final allocation of the assets acquired, including goodwill and intangibles, and liabilities assumed for the purchase is as follows (in thousands):
|  | Amount
Cash and cash equivalents |  | $ | 1,680 |
Accounts receivable |  | 1,017 |
Inventories |  | 3,047 |
Property, plant and equipment |  | 669 |
Operating lease, right of use assets |  | 2,554 |
Prepaid expenses and other current assets |  | 916 |
Tangible assets acquired |  | 9,883 |
Deferred revenue |  | (2,529) |
Accounts payable and accrued liabilities |  | (1,268) |
Operating lease liabilities |  | (2,554) |
Deferred tax liabilities |  | (2,400) |
Total tangible assets acquired and liabilities assumed |  | 1,132 |
Intangible assets |  | 11,520 |
Goodwill |  | 5,908 |
Net Assets Acquired |  | $ | 18,560 |
The intangible assets as of the acquisition included (in thousands):
|  | Amount |  | Weighted Average Useful Life (in years)
Developed technologies |  | $ | 7,500 |  |  | 10.0
Customer relationships |  | 3,600 |  |  | 5.0
Order backlog |  | 200 |  |  | 0.5
Trade names |  | 220 |  |  | 5.0
Total intangible assets |  | $ | 11,520 |  |  | 8.2
Baldwin Park Acquisition On July 30, 2020, we acquired the probe card assets of Advantest Corporation for total consideration of $35.0 million. The acquisition was accounted for using the acquisition method of accounting. The acquisition price was allocated to the tangible and identified intangible assets acquired and liabilities assumed as of the closing date of the acquisition based upon their respective fair values including an amount for goodwill representing the difference between the acquisition consideration and the fair value of the identifiable net assets. The fair values assigned to assets acquired and liabilities assumed were based on management's assumptions as of the acquisition date. We subsequently made certain immaterial adjustments within the measurement period to the acquisition price allocation as a result of finalization of our valuation of identifiable assets and liabilities. See Note 5, Goodwill and Intangible Assets, for the changes in identified intangible values and goodwill. The final allocation of the assets acquired, including goodwill and intangibles, and liabilities assumed for the purchase as follows (in thousands):
|  | Amount
Accounts receivable |  | $ | 4,365 |
Inventories |  | 2,727 |
Property, plant and equipment |  | 9,053 |
Operating lease, right of use assets |  | 519 |
Prepaid expenses and other current assets |  | 56 |
Tangible assets acquired |  | 16,720 |
Accounts payable and accrued liabilities |  | (743) |
Operating lease liabilities |  | (519) |
Total tangible assets acquired and liabilities assumed |  | 15,458 |
Intangible assets |  | 13,600 |
Goodwill |  | 5,942 |
Net assets acquired |  | $ | 35,000 |
The intangible assets as of the acquisition date included (in thousands):
|  | Amount |  | Weighted Average Useful Life (in years)
Developed technologies |  | $ | 8,800 |  |  | 10.0
Customer relationships |  | 4,400 |  |  | 3.0
In-process research and development |  | 400 |  |  | N/A
Total intangible assets |  | $ | 13,600 |  |  | 7.7

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration