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