v3.19.1

Acquisitions Acquisitions (Tables)

3 Months Ended

Mar. 29, 2019

Business Combinations [Abstract]

Business Acquisition, Pro Forma Information [Table Text Block]

These amounts are presented in accordance with GAAP, consistent with the Company’s accounting policies.

	Three Months Ended
	March 29, 2019				March 30, 2018
	(Unaudited, in thousands)
Net sales	$	1,176,834			$	1,173,554
Net income (loss) attributable to Colfax Corporation	(10,478		)		(6,894		)

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the Company’s best initial estimate of the aggregate fair value of the assets acquired and liabilities assumed at the date of acquisition. These amounts, including inventories, deferred taxes, intangible assets, useful lives of the intangible assets, and property, plant and equipment, are determined based upon certain valuations and studies that have yet to be finalized. Accordingly, the assets acquired and liabilities assumed, as detailed below, are subject to adjustment once the detailed analyses are completed, which could be material. Substantially all of the Goodwill recognized is not expected to be deductible for income tax purposes.

	February 22, 2019
	(In thousands)
Trade receivables	$	160,967
Inventories	211,991
Property, plant and equipment	171,500
Goodwill	1,245,612
Intangible assets	1,864,000
Accounts payable	(107,144		)
Other assets and liabilities, net	(399,907		)
Total	3,147,019
Less: net assets attributable to noncontrolling interest	(1,862		)
Consideration, net of cash acquired	$	3,145,157

Schedule of Indefinite-lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table summarizes preliminary Intangible assets acquired, excluding Goodwill, as of February 22, 2019:

	Intangible Asset (In thousands)			Weighted-Average Amortization Period (Years)
Trademarks	$	606,000		Indefinite
Customer relationships	954,000			14
Acquired technology	304,000			12
Intangible assets	$	1,864,000

X

- 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

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Tabular disclosure of characteristics and cost, by total and major class, of indefinite-lived intangible assets acquired as part of a business combination. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. The future benefit is not expected to diminish over a stated period of time. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total.

+ References

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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

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