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Acquisitions and Disposition (Tables) | 12 Months Ended
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Jan. 01, 2023
Business Combinations [Abstract] |
Business Combination, Schedule of Purchase Price | The total consideration is as follows (in millions of dollars):
Cash consideration paid | $ | 85.7 |
Additional consideration payable | 1.1 |
Total consideration | $ | 86.8 |
The total consideration is as follows (in millions of dollars):
Cash consideration paid | $ | 61.8 |
Additional consideration payable | 1.1 |
Contingent consideration | 0.6 |
Total consideration | $ | 63.5 |
The total consideration was as follows (in millions of dollars):
Cash consideration paid | $ | 220.4 |
Additional consideration payable | 2.6 |
Net working capital adjustment | (6.0) |
Total consideration | $ | 217.0 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the date of the acquisition (in millions of dollars):
Cash | $ | 0.9 |
Trade accounts receivable | 10.0 |
Prepaid expenses and other current assets | 1.6 |
Net property and equipment | 0.4 |
Goodwill | 36.3 |
Intangibles | 40.3 |
Accounts payable and accrued liabilities, current | (2.6) |
Accrued payroll and related taxes, current | (0.1) |
Total consideration, including working capital adjustments | $ | 86.8 |
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the date of the acquisition (in millions of dollars):
Cash | $ | 3.5 |
Trade accounts receivable | 6.9 |
Prepaid expenses and other current assets | 1.8 |
Net property and equipment | 0.1 |
Goodwill | 41.0 |
Intangibles | 15.8 |
Accounts payable and accrued liabilities, current | (2.9) |
Accrued payroll and related taxes, current | (1.5) |
Other long-term liabilities | (1.2) |
Total consideration, including working capital adjustments | $ | 63.5 |
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the date of the acquisition (in millions of dollars):
Cash | $ | 1.4 |
Trade accounts receivable | 21.6 |
Prepaid expenses and other current assets | 3.3 |
Net property and equipment | 1.2 |
Operating lease right-of-use assets | 7.6 |
Non-current deferred tax | 5.9 |
Goodwill | 111.3 |
Intangibles | 79.4 |
Other assets, noncurrent | 1.2 |
Accounts payable and accrued liabilities, current | (2.5) |
Operating lease liabilities, current | (1.3) |
Accrued payroll and related taxes, current | (4.6) |
Income and other taxes, current | (1.2) |
Operating lease liabilities, noncurrent | (6.3) |
Total consideration, including working capital adjustments | $ | 217.0 |
Business Acquisition, Pro Forma Information | The following unaudited pro forma information presents a summary of the operating results as if the Softworld acquisition had been completed as of December 30, 2019 (in millions of dollars):
|  |  | December Year to Date
|  |  |  |  | 2021 |  | 2020
Pro forma revenues |  |  |  |  | $ | 4,940.9 |  |  | $ | 4,626.5 |
Pro forma net earnings (loss) |  |  |  |  | $ | 157.7 |  |  | $ | (70.8) |
Schedule of Divested Assets and Liabilities | The major classes of divested assets and liabilities were as follows (in millions of dollars):
Assets divested |  |
Cash and equivalents |  | $ | 13.4 |
Trade accounts receivable, net |  | 22.8 |
Prepaid expenses and other current assets |  | 0.7 |
Property and equipment, net |  | 0.7 |
Deferred taxes |  | 0.4 |
Other assets |  | 0.3 |
Assets divested |  | 38.3 |
Liabilities divested |  |
Accounts payable and accrued liabilities |  | (0.6) |
Accrued payroll and related taxes |  | (7.3) |
Income and other taxes |  | (5.7) |
Liabilities divested |  | (13.6) |
Disposal group, net |  | $ | 24.7 |

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- Definition Tabular disclosure of the sale of an asset or business through a noncash (or part noncash) transaction. It may include the nature and purpose of the divesture, as well as the asset divested of and the noncash consideration received (that is, debt, stock, and so forth.) Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4313-108586 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4332-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4304-108586 + Details
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- 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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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