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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 27, 2019
E3, Inc. |
Schedule of consideration for the acquisition |
|  | E3, Inc.
|  |  | (in thousands)
Cash paid |  | $ | 25,217
Other working capital adjustment |  |  | 1,973
Issuance of common stock |  |  | 5,000
Contingent Consideration |  |  | 7,000
Total consideration |  | $ | 39,190
Schedule of amounts for the acquired assets and liabilities recorded at their estimated fair value as of the acquisition date |
|  | E3, Inc.
|  |  | (in thousands)
Current assets |  | $ | 5,316
Non-current assets (1) |  |  | 341
Cash |  |  | 2,264
Equipment and leasehold improvements, net |  |  | 409
Right-of-use assets |  |  | 6,766
Current lease liability |  |  | (593)
Non-current lease liability |  |  | (7,870)
Liabilities |  |  | (3,138)
Backlog |  |  | 2,500
Customer relationships |  |  | 8,300
Tradename |  |  | 2,000
Non-compete |  |  | 900
Goodwill |  |  | 21,995
Net assets acquired |  | $ | 39,190
| (1) |  | Excluded from non-current assets are equipment and leasehold improvements, net, right-of-use assets, customer relationships, tradename, backlog and goodwill.
Onsite Energy Corporation |
Schedule of consideration for the acquisition |
|  | Onsite Energy
|  |  | (in thousands)
Cash paid |  | $ | 24,411
Other working capital adjustment |  |  | 494
Total consideration |  | $ | 24,905
Schedule of amounts for the acquired assets and liabilities recorded at their estimated fair value as of the acquisition date |
|  | Onsite Energy
|  |  | (in thousands)
Current assets |  | $ | 22,254
Non-current assets (1) |  |  | 10
Equipment and leasehold improvements, net |  |  | 39
Right-of-use assets |  |  | 828
Current lease liability |  |  | (168)
Non-current lease liability |  |  | (660)
Liabilities |  |  | (12,222)
Backlog |  |  | 800
Customer relationships |  |  | 7,374
Tradename |  |  | 500
Goodwill |  |  | 6,150
Net assets acquired |  | $ | 24,905
| (1) |  | Excluded from non-current assets are equipment and leasehold improvements, net, right-of-use assets, customer relationships, tradename, backlog and goodwill.
The Weidt Group |
Schedule of consideration for the acquisition |
|  | The Weidt Group
|  |  | (in thousands)
Cash paid |  | $ | 22,136
Other working capital adjustment |  |  | -
Total consideration |  | $ | 22,136
Schedule of amounts for the acquired assets and liabilities recorded at their estimated fair value as of the acquisition date |
|  | The Weidt Group
|  |  | (in thousands)
Current assets |  | $ | 2,317
Non-current assets (1) |  |  | 25
Equipment and leasehold improvements, net |  |  | 198
Right-of-use assets |  |  | 1,730
Current lease liability |  |  | (245)
Non-current lease liability |  |  | (1,533)
Liabilities |  |  | (612)
Backlog |  |  | 750
Customer relationships |  |  | 4,240
Tradename |  |  | 550
Developed technology |  |  | 3,170
Goodwill |  |  | 11,546
Net assets acquired |  | $ | 22,136
| (1) |  | Excluded from non-current assets are equipment and leasehold improvements, net, right-of-use assets, customer relationships, tradename, developed technology, backlog and goodwill.
Lime Energy |
Schedule of consideration for the acquisition |
|  | Lime Energy
|  |  | (in thousands)
Cash paid |  | $ | 122,439
Other working capital adjustment |  |  | -
Total consideration |  | $ | 122,439
Schedule of amounts for the acquired assets and liabilities recorded at their estimated fair value as of the acquisition date |
|  | Lime Energy
|  |  | (in thousands)
Current assets (1) |  | $ | 45,401
Non-current assets (2) |  |  | 10,605
Cash |  |  | 1,090
Equipment and leasehold improvements, net |  |  | 1,892
Liabilities |  |  | (33,603)
Customer relationships |  |  | 35,000
Tradename |  |  | 5,970
Developed technology |  |  | 7,040
Backlog |  |  | 1,300
Goodwill |  |  | 47,744
Net assets acquired |  | $ | 122,439
| (1) |  | Excluded from current assets is cash
| (2) |  | Excluded from non-current assets are equipment and leasehold improvements, net, customer relationships, tradename, developed technology, backlog and goodwill.
Schedule of unaudited pro forma financial information |
|  | Fiscal Year
|  | 2019 |  | 2018
|  | (in thousands, except per share data)
Pro forma revenue |  | $ | 473,655 |  | $ | 452,082
Pro forma income from operations |  | $ | 10,937 |  | $ | 19,694
Pro forma net income (1) |  | $ | 6,161 |  | $ | 11,934
Earnings per share: |  |  |  |  |  |
Basic |  | $ | 0.55 |  | $ | 1.09
Diluted |  | $ | 0.52 |  | $ | 1.04
Weighted average shares outstanding: |  |  |  |  |  |
Basic |  |  | 11,162 |  |  | 10,990
Diluted |  |  | 11,766 |  |  | 11,489
| (1) |  | Adjustments to pro forma net income include income from operations, amortization and interest expenses.

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