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BUSINESS ACQUISITIONS (Tables) | 6 Months Ended
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Sep. 25, 2021
Business Acquisition [Line Items] |
Schedule of Proforma Information |
|  | (Unaudited) |  | (Unaudited)
|  | Quarter Ended |  | Six Months Ended
(in thousands except per share information) |  | September 25, 2021 |  | September 26, 2020 |  | September 25, 2021 |  | September 26, 2020
Total Revenue |  | $ | 51,989 |  | $ | 43,821 |  | $ | 102,109 |  | $ | 84,060
Net Income |  | $ | 3,342 |  | $ | 2,891 |  | $ | 7,360 |  | $ | 3,237
Basic Earnings Per Share |  | $ | 0.45 |  | $ | 0.39 |  | $ | 0.98 |  | $ | 0.44
Diluted Earnings Per Share |  | $ | 0.44 |  | $ | 0.38 |  | $ | 0.97 |  | $ | 0.43
BioTek Services, Inc. [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | The total purchase price for the assets of BioTek was approximately $3.5 million. $0.4 million of the purchase price has been put into escrow as a holdback for indemnification claims, if any. The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 inputs, of BioTek’s assets and liabilities acquired during the period presented (in thousands):
Goodwill |  | $ | 1,063 |
Intangible Assets – Customer Base & Contracts |  |  | 1,930 |
Intangible Assets – Covenant Not to Compete |  |  | 100 |
|  |  | 3,093 |
Plus: | Current Assets |  |  |  | 406 |
| Non-Current Assets |  |  |  | 8 |
Total Purchase Price |  | $ | 3,507 |
Upstate Metrology [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | The total purchase price for the assets of Upstate Metrology was approximately $0.9 million. The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 inputs, of Upstate Metrology’s assets and liabilities acquired on April 29, 2021 (in thousands):
Goodwill |  | $ | 483 |
Plus: | Current Assets |  |  |  | 189 |
| Non-Current Assets |  |  |  | 270 |
Less: | Current Liabilities |  |  |  | (11 | )
Total Purchase Price |  | $ | 931 |
Nexa [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation | The purchase price allocation is subject to revision based upon our final review of intangible asset valuation assumptions, working capital adjustments and true-up of the fair value of the contingent consideration, assets acquired and liabilities assumed. The following is a summary of the preliminary purchase price allocation, in the aggregate, to the fair value, based on Level 3 inputs, of NEXA’s assets and liabilities acquired on August 31, 2021 (in thousands):
Goodwill |  | $ | 15,723 |
Intangible Assets – Customer Base & Contracts |  |  | 5,600 |
Intangible Assets – Backlog |  |  | 490 |
Intangible Assets – Covenant Not to Compete |  |  | 600 |
|  |  | 22,413 |
Plus: | Cash |  |  |  | 3,732 |
| Accounts Receivable |  |  |  | 2,434 |
| Non-Current Assets |  |  |  | 38 |
Less: | Current Liabilities |  |  |  | (453 | )
| Deferred Tax Liability |  |  |  | (1,706 | )
Total Purchase Price |  | $ | 26,458 |

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