Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.22.2.2
Business Combinations (Tables)
 6 Months Ended
Jul. 02, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following tables summarize the fair values of consideration transferred and the fair values of identifiedassets acquired, and liabilities assumed at the date of acquisition:
Fair Value of Consideration Transferred
Cash $ 9,383 
Hold Back Liability 1,002 
Total Fair Value of Consideration Transferred $ 10,385 
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed
Cash 169 
Accounts receivable 1,101 
Other current assets 103 
Property and equipment 197 
Identifiable intangible assets
Customer relationships 2,470 
Backlog 280 
Trademark 1,450 
Recognized amounts of identifiable liabilities assumed
Accounts payable (473)
Accrued expenses (152)
Other liabilities (1,398)
Total identifiable net assets $ 3,747 
Goodwill $ 6,638 
The following tables summarize the fair value of consideration transferred and the fair value of identified assets acquired, and liabilities assumed at the date of acquisition:
Fair Value of Consideration Transferred
Cash $ 169,173 
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed
Cash 208 
Accounts receivable 8,502 
Inventories 9,075 
Property and equipment 7,803 
Other assets 29 
Identifiable intangible assets
Customer relationships 26,320 
Backlog 3,130 
Trademark 20,850 
Recognized amounts of identifiable liabilities assumed
Accounts payable (8,012)
Accrued expenses (571)
Other liabilities (887)
Total identifiable net assets $ 66,446 
Goodwill $ 102,727 
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 and their estimated useful lives as of the date of acquisition:
Fair Value
 Useful Lives
Customer Relationships
 $ 2,470  15 Years
Backlog
 280  3 Months
Trade Name
 1,450  Indefinite
Identifiable Intangible Assets
 $ 4,200 
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:
Fair Value
 Useful Lives
Customer Relationships
 $ 26,320  15 Years
Backlog
 3,130  4 Months
Trade Name
 20,850  Indefinite
Identifiable Intangible Assets
 $ 50,300