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Acquisitions (Tables) | 9 Months Ended
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Mar. 28, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Preliminary Purchase Consideration | A summary of the preliminary purchase price allocation is as follows:
(In thousands) |  |
Cash and cash equivalents |  | $ | 1,215 |
Accounts receivable, net |  | 2,575 |
Inventories |  | 6,861 |
Property, plant and equipment, net |  | 235 |
Identifiable finite-lived intangible assets: |  |
Customer relationships |  | 6,300 |
Technology |  | 2,200 |
Trade names |  | 300 |
Other assets |  | 3,503 |
Accounts payable |  | (5,104) |
Advance payments and unearned revenue |  | (323) |
Other liabilities |  | (2,134) |
Goodwill |  | 3,737 |
Net assets acquired |  | $ | 19,365 |
A summary of the final purchase price allocation is as follows:
(In thousands) |  |
Accounts receivable, net |  | $ | 42,487 |
Inventories |  | 29,279 |
Property, plant and equipment, net |  | 539 |
Identifiable finite-lived intangible assets: |  |
Customer relationships |  | 9,200 |
Technology |  | 3,200 |
Other assets |  | 243 |
Accounts payable |  | (13,182) |
Advance payments and unearned revenue |  | (3,192) |
Other liabilities |  | (5,597) |
Goodwill |  | 10,543 |
Net assets acquired |  | $ | 73,520 |
Schedule of Pro Forma Adjustments | The following unaudited supplemental pro forma information has been presented as if the NEC Transaction occurred at the beginning of fiscal 2023 and includes certain pro forma adjustments for interest expense, depreciation and amortization expense, the fair value of acquired inventory, and transaction costs, net of income tax:
|  | Three Months Ended |  | Nine Months Ended
|  | March 29, 2024 |  | March 29, 2024
Revenue |  | $ | 110,822 |  |  | $ | 376,336 |
Net income |  | 4,844 |  |  | 17,654 |

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- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + 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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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