Acquisitions (Tables)

6 Months Ended

Jun. 25, 2023

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	4.1
Other current assets	0.1
Property and equipment	1.3
Intangible assets	8.5
Total identifiable net assets acquired	17.8
Total identifiable net liabilities assumed	(9.1)
Goodwill	29.2
Net assets acquired, excluding cash	$	37.9

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	$	2.9
Unbilled receivables	11.1
Inventory	0.5
Other current assets	0.2
Property and equipment	22.8
Other assets	0.2
Intangible assets	10.8
Total identifiable net assets acquired	48.5
Total identifiable net liabilities assumed	(3.4)
Goodwill	34.3
Net assets acquired, excluding cash	$	79.4

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	$	39.4
Less: Cash acquired	(1.5)
Total consideration	$	37.9

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

Cash paid	$	74.4
Common stock issued	5.0
Total consideration	$	79.4

Schedule of Business Acquisition, Pro Forma Information

For the three and six month periods ended June 26, 2022 (all amounts, except per share amounts, are in millions):

	Three Months Ended		Six Months Ended
	June 26, 2022		June 26, 2022
Pro forma revenues	$	230.9	$	437.4
Pro forma net loss before tax	$	(4.5)	$	(23.7)
Pro forma net loss	$	(4.4)	$	(19.5)
Basic pro forma loss per share	$	(0.04)	$	(0.15)
Diluted pro forma loss per share	$	(0.04)	$	(0.15)