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BUSINESS COMBINATION (Tables) | 9 Months Ended
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Jun. 27, 2015
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the assets acquired and liabilities assumed based on the fair values as of the acquisition date and related useful lives of the finite-lived intangible assets acquired:
(in thousands) | January 9, 2015
Accounts receivable | $ | 9,941 |
Inventories | 19,861 |
Prepaid expenses and other current assets | 2,322 |
Deferred tax asset | 157 |
Property, plant and equipment | 531 |
Intangibles | 61,463 |
Goodwill | 39,726 |
Deferred income taxes | 638 |
Accounts payable | (14,386 | )
Borrowings financial institutions | (9,491 | )
Accrued expenses and other current liabilities | (10,561 | )
Income taxes payable | (1,933 | )
Deferred tax liabilities | (5,115 | )
Total purchase price, net of cash acquired | $ | 93,153 |
Business Acquisition, Pro Forma Information | The unaudited pro forma results do not reflect any cost saving synergies from operating efficiencies or the effect of the incremental costs incurred in integrating the two companies. Accordingly, these unaudited pro forma results are presented for informational purpose only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the periods presented, nor are they indicative of future results of operations:
| Three months ended |  | Nine months ended
(in thousands) | June 27, 2015 |  |  | June 28, 2014 |  |  | June 27, 2015 |  |  | June 28, 2014 |
Revenue | $ | 164,634 |  |  | $ | 210,215 |  |  | $ | 443,582 |  |  | $ | 411,529 |
Net income | 25,039 |  |  | 28,771 |  |  | 35,476 |  |  | 30,050 |
Basic income per common share | 0.33 |  |  | 0.38 |  |  | 0.46 |  |  | 0.39 |
Diluted income per common share | 0.33 |  |  | 0.37 |  |  | 0.46 |  |  | 0.39 |

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- 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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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