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Acquisitions (Tables)
12 Months Ended
Dec. 29, 2017
Business Combinations [Abstract]  
Schedule of unaudited pro forma consolidated income statement information
The table below presents unaudited pro forma consolidated income statement information of the Company for the year ended December 29, 2017 and December 30, 2016 as if Fells Point acquisition had occurred at December 26, 2015. The pro forma results were prepared from financial information obtained from the sellers of the business, as well as information obtained during the due diligence process associated with the acquisition. The pro forma information is not necessarily indicative of the Company’s results of operations had the Fells Point acquisition been completed on the above date, nor is it necessarily indicative of the Company’s future results. The pro forma information does not reflect any cost savings from operating efficiencies or synergies that could result from the Fells Point acquisition, any incremental costs for Fells Point transitioning to become a public company, and also does not reflect additional revenue opportunities following the acquisition. The pro forma information reflects amortization and depreciation of the Fells Point acquisition at their respective fair values based on available information and the estimated change in the fair value of the earn-out liability due to accretion.
 
 
Fiscal Year Ended (unaudited)
 
 
December 29, 2017
 
December 30, 2016
Net sales
 
$
1,340,820

 
$
1,252,293

Income before income taxes
 
20,130

 
9,492

Schedule of assets and liabilities acquired
The table below sets forth the purchase price allocation of the Fells Point and MT Food acquisitions:
 
 
Fells Point
 
MT Food
Current assets (includes cash acquired)
 
$
6,971

 
$
6,132

Customer relationships
 
15,100

 
7,600

Trademarks
 
8,100

 

Non-compete agreement
 
400

 

Goodwill
 
5,732

 
11,976

Fixed assets
 
2,459

 
261

Current liabilities
 
(1,295
)
 
(3,969
)
Earn-out liability
 
(4,445
)
 
(500
)
Total consideration
 
$
33,022

 
$
21,500