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ACQUISITION ACQUISITION (Tables) | 9 Months Ended
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Sep. 26, 2014
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The estimated purchase price allocation is based on preliminary estimates of fair values, net of cash acquired, as of the acquisition date of June 30, 2014, as follows (in thousands):
| Purchase Price Allocation
Accounts receivable (1) | $ | 94,635 |
Prepaid expenses, deposits and other current assets | 6,348 |
Property and equipment | 9,424 |
Other non-current assets | 1,230 |
Intangible assets | 118,200 |
Total assets acquired | 229,837 |
Accounts payable and other accrued expenses | 37,247 |
Workers' compensation liability | 18,584 |
Deferred tax liability | 14,925 |
Other long-term liabilities | 1,163 |
Total liabilities assumed | 71,919 |
Net identifiable assets acquired | 157,918 |
Goodwill (2) | 150,054 |
Net assets acquired | $ | 307,972 |
(1) | The gross contractual amount of accounts receivable was $96.7 million of which $2.1 million was estimated to be uncollectible.
(2) | Goodwill is attributable to the acquired workforce, the expected synergies and future cash flows after the acquisition of Seaton.The goodwill is not deductible for tax purposes.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The following table sets forth the components of identifiable intangible assets and their estimated useful lives as of June 30, 2014, (in thousands, except for weighted average estimated useful lives, in years):
| Estimated Fair Value |  | Weighted Average Estimated Useful Lives in Years
Trade name/trademarks | $ | 10,500 |  |  | Indefinite
Trade name/trademarks | 300 |  |  | 4.0
Technologies | 18,300 |  |  | 4.0
Customer relationships | 89,100 |  |  | 10.6
Total intangible assets | $ | 118,200 |  |  |
Business Acquisition, Pro Forma Information | Unaudited pro forma financial data is presented below (in thousands, except per share data):
|  | Thirteen weeks ended |  | Thirty-nine weeks ended
|  | September 26, 2014 |  | September 27, 2013 |  | September 26, 2014 |  | September 27, 2013
Revenue from services |  | $ | 633,365 |  |  | $ | 588,399 |  |  | $ | 1,929,537 |  |  | $ | 1,605,933 |
Net income |  | 22,314 |  |  | 18,952 |  |  | 40,871 |  |  | 29,744 |
Net income per common share - diluted |  | 0.54 |  |  | 0.47 |  |  | 1.00 |  |  | 0.74 |

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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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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