XML 23 R11.htm IDEA: XBRL DOCUMENT v3.3.1.900
Business Combination
 9 Months Ended
Jan. 30, 2016
Business Combinations [Abstract]  
Business Combination
Note 5. Business Combination

We acquired 100 percent ownership in Data Display, a European transportation display company, on August 11, 2014 for an undisclosed amount. The results of its operations have been included in our consolidated financial statements since the date of acquisition. We have not made pro forma disclosures because the results of its operations are not material to our consolidated financial statements.

Data Display is a European based company focused on the design and manufacture of transportation displays. This acquisition allows our organization to better service transportation customers world-wide and broaden our leadership position on a global scale. This acquisition included a manufacturing plant in Ireland to manufacture transportation displays. This acquisition was funded with cash on hand.

During the second quarter of fiscal 2015, we prepared the preliminary fair value measurements of assets acquired and liabilities assumed as of the acquisition date using independent appraisals and other analysis. A final measurement was completed during the first quarter of fiscal 2016, and the fair values of the consideration paid and contingent consideration were finalized.

The following table summarizes the adjustments that were made to the original purchase price allocation:

 
Purchase price allocation as originally reported
Adjustments
Reconciliation of assets and liabilities transferred
Goodwill
$
1,099

$
364

$
1,463

Trademarks and Technology
480

—

480

Customer Relationships
84

—

84

Property and Equipment
1,433

—

1,433

Investment for Affiliates
437

—

437

Inventory
2,773

(149
)
2,624

Accounts Receivable
3,380

(317
)
3,063

Other Current Assets
1,869

23

1,892

Current Liabilities
3,616

79

3,695

Long-term Obligations
950

—

950