Acquisitions (Tables)

9 Months Ended

Sep. 23, 2016

Schedule of Allocation of Purchase Price for Acquisition

The purchase price for this acquisition has been allocated as follows:

Fair Market Values (in thousands)
Inventories	$	1,297
Equipment and leasehold improvements		767
Goodwill		18,380
Purchased intangible assets		23,370
Other non-current assets		26
Total assets acquired		43,840
Other liabilities		(100	)
Total liabilities assumed		(100	)
Purchase price allocated	$	43,740

Summary of Purchased Intangible Assets

			Purchased
	Useful Life		Intangible Assets
	(In years)		(In thousands)
Customer relationships		10	$	9,900
Trade name		6		1,170
Intellectual properties/know-how	8 - 12			12,300
Total purchased intangible assets			$	23,370

Unaudited Proforma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations assume the Marchi and Miconex acquisitions were completed as of the beginning of 2015 fiscal year (in thousands, except per share amounts):

	Three Months Ended		Nine Months Ended
	September 25,		September 25,
	2015		2015
Net sales	$	127,348	$	386,889
Net income	$	1,560	$	6,049
Basic earnings per share	$	0.05	$	0.19
Diluted earnings per share	$	0.05	$	0.19

Miconex [Member]

Schedule of Allocation of Purchase Price for Acquisition

The purchase price for this acquisition has been allocated as follows:

Fair Market Values (in thousands)
Cash and cash equivalents	$	239
Accounts receivable		3,065
Inventories		6,198
Deferred tax assets		196
Prepaid expenses and other		214
Equipment and leasehold improvements		428
Goodwill		10,950
Purchased intangible assets		8,800
Total assets acquired		30,090
Bank borrowings		(3,027	)
Accounts payable		(3,509	)
Accrued compensation and related benefits		(432	)
Other current liabilities		(576	)
Deferred tax liability		(1,856	)
Other liabilities		(24	)
Total liabilities assumed		(9,424	)
Purchase price allocated	$	20,666

Summary of Purchased Intangible Assets

			Purchased
	Useful Life		Intangible Assets
	(In years)		(In thousands)
Customer relationships		7.5	$	8,800