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ACQUISITIONS (Tables) | 12 Months Ended
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Mar. 30, 2024
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The purchase price of $243.9 million, net of $10.6 million of cash acquired consists of the amounts presented below, which represent the preliminary determination of the fair value of the identifiable assets acquired and liabilities assumed:
(In thousands) | December 12, 2023
Accounts receivable | $ | 5,960 |
Inventories | 12,075 |
Prepaid expenses and other current assets | 2,062 |
Property, plant and equipment | 3,028 |
Intangible assets | 172,000 |
Goodwill | 99,362 |
Other long-term assets | 4,705 |
Total assets acquired | $ | 299,192 |
Accounts payable | 3,251 |
Accrued payroll and related costs | 1,723 |
Other liabilities | 9,746 |
Deferred tax liability | 34,767 |
Other long-term liabilities | 5,853 |
Total liabilities assumed | $ | 55,340 |
Net assets acquired | $ | 243,852 |
Intangible assets acquired consist of the following:
(In thousands) | Amount | Weighted-Average Amortization Period | Risk-Adjusted Discount Rates used in Purchase Price Allocation
Developed technology | $ | 114,900 |  | 15 years | 20.5 | %
Customer contracts and related relationships | 52,300 |  | 15 years | 18.9 | %
Trade names | 4,800 |  | 15 years | 20.5 | %
Total | $ | 172,000 |  |  |

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