Business Combinations (Tables)

9 Months Ended

Sep. 30, 2022

Business Acquisition [Line Items]

Unaudited Pro forma Consolidated Results of Operations

The unaudited pro forma consolidated results of operations for the nine months ended September 24, 2021 (in millions, except per share amounts) are summarized as follows:

	Nine Months Ended
	September 24,
	2021
(In millions, except per share amounts)
Revenues	$	1,542.8
Net income	$	87.8
Basic income per share	$	2.05
Diluted income per share	$	2.00

Ham-Let (Israel-Canada) Ltd [Member]

Business Acquisition [Line Items]

Summary of Preliminary Fair Values of Assets Acquired, Liabilities Assumed and Noncontrolling Interest at Date of Acquisition

The following table summarizes the fair values of assets acquired, liabilities assumed and noncontrolling interest at the date of acquisition, including all measurement period adjustments:

(In millions)	Amount
Cash and cash equivalents	$	20.1
Accounts receivable		51.6
Inventories		73.7
Prepaid expenses and other assets		17.3
Property, plant and equipment		52.1
Goodwill		97.4
Purchased intangible assets		118.6
Deferred tax assets		0.8
Operating lease right-of-use assets		27.7
Other non-current assets		2.2
Total assets acquired		461.5
Bank borrowings		(5.0	)
Accounts payable		(30.8	)
Accrued compensation and related benefits		(10.5	)
Other current liabilities		(12.0	)
Deferred tax liabilities		(10.7	)
Operating lease liabilities		(23.8	)
Other liabilities		(4.0	)
Total liabilities assumed		(96.8	)
Noncontrolling interests		(1.8	)
Total consideration transferred	$	362.9

Summary of Purchased Intangible Assets

			Purchased
	Useful Life		Intangible Assets
	(In years)		(In millions)
Customer relationships		10	$	69.0
IP Knowhow	10-15			35.5
Trade names		5		9.8
Backlog		1		4.3
Total purchased intangible assets			$	118.6