Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

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Business Combinations (Tables)
 6 Months Ended
Jun. 29, 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:

Segment North America
Consideration transferred
Cash paid $ 60.1 
Less: estimated net working capital receivable (0.7)
Total purchase consideration
 $ 59.4 
Recognized amounts of identifiable assets acquired and liabilities assumed
Accounts receivable 2.5 
Inventory 0.2 
Property and equipment 0.4 
Identifiable intangible assets 41.5 
Recognized amounts of identifiable liabilities assumed
Accounts payable (0.4)
Contract liabilities (0.5)
Total identifiable net assets $ 43.7 
Goodwill 15.7 
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:
Fair Value
Weighted-Average Amortization Period (years)
Customer Relationships
 $ 37.2  15
Tradename
 1.6  5
Non-compete Agreement
 2.7  5
Identifiable Intangible Assets
 $ 41.5