Acquisitions (Tables) - Bras N Things

9 Months Ended

Sep. 28, 2019

Schedule of acquired assets and liabilities assumed

The acquired assets and liabilities as of the date of acquisition include the following:



Cash and cash equivalents	$	2,765
Accounts receivable, net	197
Inventories	9,610
Other current assets	1,637
Property, net	11,764
Trademarks and other identifiable intangibles	278,214
Deferred tax assets and other noncurrent assets	2,318
Total assets acquired	306,505
Accounts payable	4,929
Accrued liabilities and other	16,339
Deferred tax liabilities and other noncurrent liabilities	7,864
Total liabilities assumed	29,132
Net assets acquired	277,373
Goodwill	111,832
Total purchase price	$	389,205

Schedule of components of purchase price

Total purchase price of the Bras N Things acquisition consisted of the following components:



Cash consideration paid	$	337,123
Indemnification escrow asset	25,140
Debt assumed	26,942
Total purchase price	$	389,205

Unaudited pro forma results of operations

Unaudited pro forma results of operations for the Company are presented below for the quarter and nine months ended September 29, 2018, assuming that the acquisition of Bras N Things had occurred on January 1, 2017.



	Quarter Ended		Nine Months Ended
	September 29, 2018		September 29, 2018
Net sales	$	1,848,707	$	5,054,161
Net income	171,421		394,494
Earnings per share:
Basic	$	0.47	$	1.09
Diluted	0.47		1.08