Acquisition (Tables)

6 Months Ended

Jul. 02, 2016

Schedule of Estimated Fair Value of Assets and Liabilities Assumed

The estimated fair value of assets acquired and liabilities assumed as of the closing date, are as follows:


	Current Estimate
Preliminary allocation:
Accounts and notes receivable	$	3,882
Inventories		6,778
Prepaid expenses		246
Property and equipment		5,029
Intangible assets		47,100
Goodwill		42,544
Accounts payable and accrued liabilities		(2,320	)

Purchase price	$	103,259

Consideration:
Cash	$	100,259
Earn-out contingency		3,000

Total fair value of consideration	$	103,259

Summary of Unaudited Proforma Results

The unaudited pro forma results below do not necessarily reflect the results of operations that would have resulted had the acquisition been completed at the beginning of the earliest periods presented, nor does it indicate the results of operations in future periods. The unaudited pro forma results do not include the impact of synergies, nor any potential impacts on current or future market conditions which could alter the following unaudited pro forma results.


	Three Months Ended		Six Months Ended
	July 4,		July 2,		July 4,
	2015		2016		2015
	(in thousands, except per share amounts)
Pro Forma Results
Net sales	$	112,980	$	221,700	$	214,812

Net income	$	6,589	$	7,484	$	8,741

Net income per common share:
Basic	$	0.14	$	0.15	$	0.18

Diluted	$	0.13	$	0.15	$	0.17