Helios Technologies Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Tables)

Business Acquisitions (Tables)

12 Months Ended

Dec. 29, 2018

Summary of Pro forma Financial Information

Consequently, actual results will differ from the unaudited pro forma information presented below:

	2018		2017		2016
Net sales	$	548,986	$	463,468	$	277,706
Operating income		98,640		79,476		47,673
Net income		61,661		37,723		31,064
Basic and diluted net income per common share		1.97		1.20		1.16

Faster S.r.l [Member]

Components of Fair Value of Total Purchase Consideration

The fair value of total purchase consideration consisted of the following:

Cash	$	532,408
Acquisition date fair value of contingent consideration		938
Total purchase consideration		533,346
Less: cash acquired		(5,265	)
Total purchase consideration, net of cash acquired	$	528,081

Schedule of Preliminary Allocation of Total Purchase Price, Net of Cash Acquired

The fair value of identifiable intangible assets acquired was based on estimates and assumptions made by management at the time of the acquisition. As additional information becomes available, as of the acquisition date, management will finalize its analysis of the estimated fair value of the identified intangible assets and tax related items including the evaluation of deductibility of goodwill and valuation of deferred taxes. As management completes its evaluation, the preliminary purchase price allocation may be revised during the remainder of the measurement period (which will not exceed 12 months from the acquisition date). Any such revisions or changes to the fair values of the tangible and intangible assets acquired and liabilities assumed may be material. The preliminary allocation of the total purchase price, net of cash acquired, is as follows:

Accounts receivable	$	24,638
Inventories		34,835
Other current assets		6,488
Property, plant and equipment		20,242
Goodwill		288,792
Intangible assets		248,823
Other assets		6,870
Total assets acquired		630,688
Accounts payable		(18,668	)
Accrued expenses		(12,223	)
Income taxes payable		(4,862	)
Other current liabilities		(1,289	)
Other noncurrent liabilities		(65,565	)
Total liabilities assumed		(102,607	)
Fair value of net assets acquired	$	528,081

Schedule of Preliminary Fair Value of Identified Intangible Assets and Useful Lives

The preliminary fair value of identified intangible assets and their respective useful lives are as follows:

	Fair Value		Weighted- Average Amortization Periods (Yrs)
Brands	$	25,740		18
Technology		13,483		13
Customer relationships		202,245		26
Sales order backlog		7,355		0.4
Identified intangible assets	$	248,823		24

Enovation Controls, LLC [Member]

Components of Fair Value of Total Purchase Consideration

The fair value of total purchase consideration consisted of the following:

Cash	$	201,020
Acquisition date fair value of contingent consideration		41,391
Post-closing adjustment for working capital		500
Total purchase consideration		242,911
Less: cash acquired		(964	)
Total purchase consideration, net of cash acquired	$	241,947

Schedule of Preliminary Allocation of Total Purchase Price, Net of Cash Acquired

The allocation of the total purchase price, net of cash acquired, is as follows:

Accounts receivable	$	9,502
Inventories		16,979
Other current assets		176
Property, plant and equipment		10,546
Goodwill		103,671
Intangible assets		108,070
Other assets		8
Total assets acquired		248,952
Accounts payable		(3,260	)
Accrued expenses and other liabilities		(3,745	)
Total liabilities assumed		(7,005	)
Fair value of net assets acquired	$	241,947

Schedule of Preliminary Fair Value of Identified Intangible Assets and Useful Lives

The fair value of identified intangible assets and their respective useful lives are as follows:

	Fair Value		Weighted- Average Amortization Periods (Yrs)
Brands	$	30,000		20
Non-compete agreements		950		5
Technology		17,500		9
Supply agreement		21,000		10
Sales order backlog		620		1
Customer relationships		38,000		20
Identified intangible assets	$	108,070		16