Business Acquisitions and Noncontrolling Interests (Tables)

3 Months Ended

Feb. 27, 2016

Summary of estimated fair values of assets and liabilities assumed during acquisition

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition of Filter Resources:



Accounts receivable		$	3,180
Inventories		2,042
Other current assets		118
Property, plant and equipment		574
Goodwill		11,938
Intangible assets		10,880
	Total assets acquired	28,732
Current liabilities		2,670
Noncurrent liabilities		4,201
	Net assets acquired	$	21,861

Summary of intangible assets acquired

A summary of the intangible assets acquired is shown in the following table:



	Estimated		Weighted average	Amortization
Identifiable intangible assets	Value		Useful life	Method
Customer relationships	$	10,800	15 years	Straight-line
Trademarks	80		1 year	Straight-line
	$	10,880

Summary of net sales and operating profit

Net sales and operating profit for Filter Resources for the three months ended February 27, 2016 and February 28, 2015 (which, in the case of the three month period ended February 28, 2015, includes the period from December 17, 2014 to February 28, 2015) were as follows:



	Three Months Ended		Three Months Ended
	February 27, 2016		February 28, 2015
Net sales	$	5,551	$	4,047
Operating profit	402		276

Schedule of non-controlling interests

Noncontrolling interests changed as follows during the three months ended February 27, 2016 and February 28, 2015:



	Three Months Ended
	February 27, 2016					February 28, 2015
	Redeemable		Non-Redeemable			Redeemable			Non-Redeemable
Noncontrolling interests at beginning of period	$	—	$	896		$	1,587		$	1,043

Noncontrolling interests (loss) earnings	—		27			(24		)	52
Foreign currency translation	—		(82		)	(119		)	(84		)
Dividend	—		—			—			(206		)

Noncontrolling interests at end of period	$	—	$	841		$	1,444		$	805