Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Tables)

v3.19.3.a.u2
Business Acquisitions (Tables) - Faster S.r.l [Member]
12 Months Ended
Dec. 28, 2019
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 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

 

$

24,638

 

Inventories

 

 

34,835

 

Other current assets

 

 

6,661

 

Property, plant and equipment

 

 

20,242

 

Goodwill

 

 

288,449

 

Intangible assets

 

 

248,823

 

Other assets

 

 

7,040

 

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

 

 

Fair Value

 

 

Weighted-

Average

Amortization

Periods (Yrs)

 

Trade name

 

$

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