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Business Combinations (Tables) - Dynamic Manufacturing Solutions [Member]
6 Months Ended
Jun. 26, 2020
Business Acquisition [Line Items]  
Summary of Preliminary Fair Values of Assets Acquired and Liabilities Assumed at Date of Acquisition The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the acquisition date:

 

Fair Market Values (in millions)

 

 

 

 

Accounts receivable

 

$

1.5

 

Inventories

 

 

8.9

 

Equipment and leasehold improvements

 

 

5.4

 

Goodwill

 

 

12.3

 

Purchased intangible assets

 

 

6.9

 

Other non-current assets

 

 

0.3

 

Total assets acquired

 

 

35.3

 

Accounts payable

 

 

(3.8

)

Other liabilities

 

 

(0.1

)

Total liabilities assumed

 

 

(3.9

)

Purchase consideration transferred

 

$

31.4

 

 

Summary of Purchased Intangible Assets

 

 

 

 

 

 

Purchased

 

 

 

Useful

Life

 

 

Intangible

Assets

 

 

 

(In years)

 

 

(In millions)

 

Customer relationships

 

 

6

 

 

$

6.9

 

 

Unaudited Pro forma Consolidated Results of Operations The unaudited pro forma consolidated results of operations for the three and six months ended June 26, 2020 and for the three and six months ended June 28, 2019 are as follows:

 

 

 

Unaudited Pro Forma Information

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 26,

 

 

June 28,

 

 

June 26,

 

 

June 28,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

(In millions, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

344.8

 

 

$

266.5

 

 

$

665.7

 

 

$

534.7

 

Net income

 

$

21.3

 

 

$

(0.2

)

 

$

30.7

 

 

$

1.7

 

Basic income per share

 

$

0.53

 

 

$

(0.01

)

 

$

0.77

 

 

$

0.04

 

Diluted income per share

 

$

0.52

 

 

$

(0.01

)

 

$

0.75

 

 

$

0.04