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Acquisitions (Tables)

9 Months Ended

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

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
-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

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- References

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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
-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

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