Acquisitions (Tables)

6 Months Ended

Jun. 28, 2019

Quantum Global Technologies, LLC [Member]

Business Acquisition [Line Items]

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

The following table summarizes the preliminary fair values of assets acquired and liabilities assumed at the date of acquisition (in thousands):

Fair Market Values (in thousands)
Cash and cash equivalents	$	18,991
Accounts receivable		24,239
Inventories		475
Prepaid expenses and other		12,258
Property and equipment		101,057
Goodwill		70,593
Purchased intangible assets		171,500
Total assets acquired		399,113
Accounts payable		(8,996	)
Accrued compensation and related benefits		(7,910	)
Other current liabilities		(7,361	)
Deferred tax liability		(6,514	)
Other liabilities		(13,162	)
Total liabilities assumed		(43,943	)
Noncontrolling interest		(14,337	)
Purchase price allocated	$	340,833

Summary of Purchased Intangible Assets

			Purchased
	Useful Life		Intangible Assets
	(In years)		(In thousands)
Customer relationships		10	$	74,800
Trade name		4		14,900
Recipes		20		73,200
Standard operating procedures		20		8,600
Total purchased intangible assets			$	171,500

Dynamic Manufacturing Solutions [Member]

Business Acquisition [Line Items]

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

The following table summarizes the preliminary fair values of assets acquired and liabilities assumed at the date of acquisition (in thousands):

Fair Market Values (in thousands)
Accounts receivable	$	1,460
Inventories		10,422
Equipment and leasehold improvements		5,375
Goodwill		10,813
Purchased intangible assets		6,900
Other non-current assets		282
Total assets acquired		35,252
Accounts payable		(3,794	)
Other liabilities		(86	)
Total liabilities assumed		(3,880	)
Purchase price allocated	$	31,372

Summary of Purchased Intangible Assets

			Purchased
	Useful Life		Intangible Assets
	(In years)		(In thousands)
Customer relationships		6	$	6,900

Quantum Global Technologies LLC and Dynamic Manufacturing Solutions [Member]

Business Acquisition [Line Items]

Unaudited Pro forma Consolidated Results of Operations

The unaudited pro forma consolidated results of operations for the three and six months ended June 28, 2019 (in thousands, except per share amounts) are as follows:

	Three Months Ended					Six Months Ended
	June 28,			June 29,		June 28,		June 29,
	2019			2018		2019		2018
Revenues	$	266,498		$	362,729	$	534,657	$	751,220
Net income (loss)	$	(202	)	$	14,645	$	1,683	$	40,821
Basic earnings per share	$	(0.01	)	$	0.38	$	0.04	$	1.08
Diluted earnings per share	$	(0.01	)	$	0.37	$	0.04	$	1.06