Business Combinations (Tables)

6 Months Ended

Jun. 29, 2018

Business Combinations [Abstract]

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

Based upon a preliminary valuation, the total purchase price was allocated as follows (in thousands):

	PurchasePrice
	Allocation
Cash	$	3,776
Accounts receivable		2,237
Inventories		928
Property, plant and equipment		2,590
Intangible assets		14,585
Goodwill		10,844
Other assets		145
Total assets acquired		35,105
Accounts payable		509
Accrued expenses and other liabilities		894
Deferred tax liabilities		2,481
Total liabilities assumed		3,884
Total assets acquired, net of liabilities assumed		31,221
Less: cash acquired		3,776
Total purchase price, net of cash acquired	$	27,445

Fair Value of Intangible Assets

The fair value of intangible assets is comprised of the following (dollar amounts in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Developed technologies	$	3,027	10 years
Customer relationships		9,494	15 years
Trademarks and trade names		550	10 years
Backlog		1,514	1 year
Total	$	14,585