Acquisitions, Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 28, 2013

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the 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)	$	1,158,450
Goodwill	412,085
Identifiable intangible assets	309,000
Liabilities (includes accounts payable, accrued expenses and other liabilities)	(1,011,343		)
	$	868,192

Components of 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

Summary of Pro-Forma Operating Results



	Fiscal Year
	2012		2011
Net sales	$	41,802,220	$	41,573,084
Net income	$	310,791	$	282,901
Earnings per share
Basic	$	2.06	$	1.81
Diluted	$	2.02	$	1.77