Acquisitions (Tables)

9 Months Ended

Sep. 25, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price over the estimated fair values of the major assets acquired and liabilities assumed (in millions):

Accounts receivable	$	3.8
Unbilled receivables	4.0
Other current assets	0.1
Property and equipment	1.3
Intangible assets	10.0
Total identifiable net assets acquired	19.2
Total identifiable net liabilities assumed	(9.6)
Goodwill	28.4
Net assets acquired, excluding cash	$	38.0

The following table summarizes the preliminary allocation of the purchase price over the estimated fair values of the major assets acquired and liabilities assumed (in millions):

Accounts receivable	$	3.0
Unbilled receivables	11.1
Inventory	0.5
Other current assets	0.1
Property and equipment	22.8
Other assets	0.2
Intangible assets	15.0
Total identifiable net assets acquired	52.7
Total identifiable net liabilities assumed	(2.5)
Goodwill	29.1
Net assets acquired, excluding cash	$	79.3

Schedule of Business Acquisitions by Acquisition, Contingent Consideration

A summary of the consideration paid for the acquired ownership in Cosmic is as follows (in millions):

Cash paid	$	39.0
Holdback to be paid at later date	0.5
Less: Cash acquired	(1.5)
Total consideration	$	38.0

A summary of the consideration paid for the acquired assets is as follows (in millions):

Cash paid	$	74.3
Common stock issued	5.0
Total consideration	$	79.3