Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.24.3
Business Combinations (Tables)
 9 Months Ended
Sep. 28, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following tables summarize the fair value of consideration transferred and the recognized amount of identified assets acquired, and liabilities assumed at the date of acquisition:

(dollar amounts in millions)
Segment North America
Consideration transferred
Cash paid $ 59.4 
Total purchase consideration
 $ 59.4 
Recognized amounts of identifiable assets acquired
Accounts receivable $ 2.5 
Inventory 0.2 
Property and equipment 0.4 
Identifiable intangible assets 42.5 
Recognized amounts of identifiable liabilities assumed
Accounts payable (0.4)
Contract liabilities (0.5)
Total identifiable net assets 44.7 
Goodwill 14.7 
Total net assets acquired $ 59.4 
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The following table sets forth the components of identifiable intangible assets acquired as of the date of the T.M.C. Acquisition, and the related weighted average amortization period:
(dollar amounts in millions)
Fair Value
Weighted-Average Amortization Period (years)
Customer relationships
 $ 38.1  15
Tradename
 1.7  5
Non-compete agreement
 2.7  5
Identifiable intangible assets
 $ 42.5