Acquisitions, Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 29, 2013

Business Combinations [Abstract]

Purchase Price Allocation to Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed on the closing date of October 15, 2012:

Tangible assets (includes trade accounts receivable, inventory, property and equipment and other assets)	$	1,156,075
Goodwill	418,895
Identifiable intangible assets	309,000
Liabilities (includes accounts payable, accrued expenses and other liabilities)	(1,015,778		)
	$	868,192

Components of Identifiable Intangible Assets Acquired

The components of identifiable intangible assets acquired in connection with the BrightPoint acquisition were as follows:

	Fair Value		Estimated Useful Life
Logistics customer relationships	$	237,000	10 years
Distribution customer relationships	59,000		7 years
Trade name	13,000		3 years
Total identifiable intangible assets	$	309,000

Schedule of Pro-Forma Operating Results

The following represents pro-forma operating results for the thirteen and twenty-six weeks ended June 30, 2012 as if BrightPoint had been included in our consolidated statements of operations as of the first date of fiscal year 2012 and includes business combination accounting effects from our acquisition including amortization of acquired intangible assets and increase in interest expense associated with the issuance of our senior unsecured notes due in 2022 and additional borrowings from our revolving senior unsecured credit facility debt to fund the acquisition.

	Thirteen Weeks Ended June 30, 2012		Twenty-six Weeks Ended June 30, 2012
Net sales	$	10,044,214	$	20,049,682
Net income	$	60,980	$	151,826
Earnings per share
Basic	$	0.40	$	1.00
Diluted	$	0.40	$	0.98

Schedule of Changes in Carrying Amount of Goodwill

The gross and net carrying amounts of finite-lived identifiable intangible assets are as follows:

	June 29, 2013		December 29, 2012
Gross carrying amount of finite-lived intangible assets	$	440,797	$	445,385
Net carrying amount of finite-lived intangible assets	$	344,940	$	372,482