XML 27 R17.htm IDEA: XBRL DOCUMENT
v3.22.0.1

BUSINESS ACQUISITIONS (Tables) | 9 Months Ended
--- | ---
Dec. 25, 2021
Business Acquisition [Line Items] |
Schedule of Proforma Information |
|  | (Unaudited) |  | (Unaudited)
|  | Quarter Ended |  | Nine Months Ended
(in thousands except per share information) |  | December 26, 2020 |  | December 25, 2021 |  | December 26, 2020
Total Revenue |  | $ | 47,384 |  | $ | 153,011 |  | $ | 131,096
Net Income |  | $ | 3,129 |  | $ | 8,943 |  | $ | 5,998
Basic Earnings Per Share |  | $ | 0.42 |  | $ | 1.19 |  | $ | 0.81
Diluted Earnings Per Share |  | $ | 0.41 |  | $ | 1.18 |  | $ | 0.80
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 |  | $ | 15,497 |
Intangible Assets – Customer Base & Contracts |  |  | 5,600 |
Intangible Assets – Backlog |  |  | 490 |
Intangible Assets – Covenant Not to Compete |  |  | 600 |
|  |  | 22,187 |
Plus: | Cash |  |  |  | 3,732 |
| Accounts Receivable |  |  |  | 2,434 |
| Non-Current Assets |  |  |  | 38 |
Less: | Current Liabilities |  |  |  | (453 | )
| Deferred Tax Liability |  |  |  | (1,706 | )
Total Purchase Price |  | $ | 26,232 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=trns_BioTekServicesIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=trns_UpstateMetrologyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=trns_NexaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |