XML 43 R32.htm IDEA: XBRL DOCUMENT v3.25.3
Acquisitions (Tables)
3 Months Ended
Sep. 26, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Purchase Consideration
A summary of the finalized purchase price allocation is as follows:
(In thousands)
Cash and cash equivalents$1,215 
Accounts receivable, net2,575 
Inventories5,123 
Property, plant and equipment, net235 
Identifiable finite-lived intangible assets:
Customer relationships7,100 
Technology1,800 
Trade names300 
Other assets4,647 
Accounts payable(5,104)
Advance payments and unearned revenue(323)
Other liabilities(2,202)
Goodwill3,999 
Net assets acquired$19,365 
A summary of the finalized purchase price allocation is as follows:
(In thousands)
Accounts receivable, net$42,487 
Inventories29,279 
Property, plant and equipment, net539 
Identifiable finite-lived intangible assets:
Customer relationships9,200 
Technology3,200 
Other assets243 
Accounts payable(13,182)
Advance payments and unearned revenue(3,192)
Other liabilities(5,597)
Goodwill10,543 
Net assets acquired$73,520 
The final purchase price allocation was updated during the second quarter of fiscal 2025 for certain measurement period adjustments based on revised estimates of fair value. Purchase price allocation adjustments during the measurement period primarily resulted in a $9.4 million decrease in accounts receivable, $6.3 million decrease in inventories, $5.3 million increase in identifiable intangible assets, and $10.0 million increase in goodwill.
Schedule of Pro Forma Adjustments
The following unaudited supplemental pro forma information has been presented as if the NEC Transaction had 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 acquisition-related costs, net of income tax:
Three Months Ended
September 27,
2024
Revenue$135,702 
Net income5,657