Acquisitions (Tables)

12 Months Ended

Dec. 28, 2013

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The allocation of the purchase price was as follows:



In thousands	November 15, 2013
Cash	$	8,792
Accounts receivable	49,967
Inventory	71,050
Other current assets	29,889
Total current assets	159,698

Property, plant and equipment	158,000
Goodwill	38,514
Intangible assets	85,000
Other noncurrent assets	1,403
Total assets acquired	$	442,615

Current liabilities	$	84,185
Financing Obligation	20,300
Long-term debt	19,391
Deferred income taxes	20,649
Other noncurrent liabilities	9,479
Noncontrolling interest	849
Total liabilities assumed	$	154,853
Net assets acquired	$	287,762

Schedule of Acquired Finite-Lived Intangible Assets

The Company preliminarily recorded intangible assets based on their estimated fair value, and consisted of the following:



In thousands	Useful Life	Amount
Technology	15 years	$	9,000
Trade names	Indefinite	2,000
Customer relationships	15 years	69,000
Other	5 years	5,000
Total		$	85,000

Schedule of Acquistion Related Costs

Acquisition related costs were as follows:



In thousands	Amount
Loan acquisition costs	$	16,102
Transaction expenses	18,306
Total	$	34,408

Business Acquisition, Pro Forma Information

The following unaudited pro forma information for the fiscal year ended December 28, 2013 and December 29, 2012 assumes the acquisition of Fiberweb occurred as of the beginning of the period presented:



In thousands	December 28, 2013			December 29, 2012
Net sales	$	1,637,605		$	1,639,865
Net income (loss)	(34,751		)	(32,737		)