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

Annual report pursuant to Section 13 and 15(d)

Business Acquisition (Tables)

Business Acquisition (Tables) - Balboa [Member]

12 Months Ended

Jan. 02, 2021

Components of Fair Value of Total Purchase Consideration

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

Cash	$	223,158
Post closing adjustment receivable, net		(431	)
Acquisition date fair value of contingent consideration		1,919
Total purchase consideration		224,646
Less: cash acquired		(6,129	)
Total purchase consideration, net of cash acquired	$	218,517

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

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

Accounts receivable	$	28,328
Inventories		24,807
Property, plant and equipment		12,562
Goodwill		76,031
Intangible assets		128,000
Other assets		12,233
Total assets acquired		281,961
Accounts payable		17,840
Other accrued expenses and current liabilities		11,219
Deferred income taxes		23,823
Other noncurrent liabilities		10,562
Total liabilities assumed		63,444
Fair value of net assets acquired	$	218,517

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)
Trade name	$	22,000		18
Technology		13,000		8
Customer relationships		85,000		25
Sales order backlog		8,000		0.5
Identified intangible assets	$	128,000		21

Schedule of Unaudited Pro Forma Information

The pro forma information does not reflect any operating efficiencies or potential cost savings that may result from the acquisitions. Accordingly, the pro forma information is for illustrative purposes only and is not intended to present or be indicative of the actual results of operations of the combined company that may have been achieved had the acquisition actually occurred at the beginning of 2019, nor is it intended to represent or be indicative of future results of operations of the combined business. Consequently, actual results will differ from the unaudited pro forma information presented below:

	Fiscal Year
	2020		2019
Net sales	$	638,288	$	667,524
Net income		30,332		54,487
Basic and diluted net income per common share		0.95		1.70