Quarterly report [Sections 13 or 15(d)]

Business Combination (Tables)

v3.26.1
Business Combination (Tables)
 3 Months Ended
Apr. 04, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed
The following tables summarize the preliminary 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 $ 97.2 
Plus: estimated net working capital adjustment 1.6 
Total purchase consideration, net of cash acquired $ 98.8 
Recognized amounts of identifiable assets acquired
Accounts receivable $ 14.5 
Contract assets 3.7 
Property and equipment 2.3 
Inventory 0.9 
Prepaid assets 0.4 
Identifiable intangible assets 40.1 
Recognized amounts of identifiable liabilities assumed
Accounts payable (4.6)
Other liabilities (2.7)
Total identifiable net assets $ 54.6 
Goodwill 44.2 
Total net assets acquired $ 98.8 
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 Kiwi II Acquisition, and the related weighted average amortization period:
(dollar amounts in millions)
Fair Value
 Weighted-Average Amortization Period (years)
Customer relationships
 $ 18.7  10
Backlog
 11.0  1
Non-compete agreements
 5.9  5
Tradename
 4.5  5
Identifiable intangible assets
 $ 40.1