Business Acquisitions (Tables)

12 Months Ended

Dec. 28, 2019

Summary of the fair values of the assets acquires and liabilities assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition dates for acquisitions closed during fiscal years 2019 and 2018:



	2019						2018
	QSI			Other	Total		Total
Cash	$	6,894		75	6,969		$	345
Billed and unbilled receivables, net	42,523			21,642	64,165		20,999
Right-of-use assets	6,131			0	6,131		0
Property and equipment	13,626			2,163	15,789		3,122
Prepaid expenses	2,612			997	3,609		589
Other assets	1,317			1,048	2,365		83
Intangible assets:					—
Customer relationships	64,709			10,423	75,132		32,267
Trade name	58,546			1,365	59,911		2,479
Customer backlog	6,835			1,363	8,198		8,007
Developed technology	32,944			0	32,944		—
Other	—			814	814		4,306
Total Assets	236,137			39,890	276,027		72,197
Liabilities	(23,698		)	(8,324)	(32,022	)	(11,589		)
Deferred tax liabilities	(39,372		)	(3,779)	(43,151	)	(8,903		)
Net assets acquired	173,067			27,787	200,854		51,705

Consideration paid (Cash, Notes and/or stock)	318,004			50,946	368,950		90,516
Contingent earn-out liability (Cash and stock)	—			1,004	1,004		3,112
Total Consideration	318,004			51,950	369,954		93,628
Excess consideration over the amounts assigned to the net assets acquired (Goodwill)	$	144,937		24,163	169,100		$	41,923

Results of operations from any business acquired

The consolidated financial statements of the Company for fiscal years 2019, 2018 and 2017 include the results of operations from the businesses acquired from their respective dates of acquisition during each of the respective periods as follows:



	2019		2018		2017
Gross revenues	$	42,127	$	33,468	$	59,048
Income before income taxes	$	3,170	$	6,677	$	10,755

Pro forma consolidated results of operations



	Years Ended
	December 28, 2019		December 29, 2018		December 30, 2017
Gross revenues	$	677,109	$	689,580	$	430,805
Net income	$	18,421	$	22,633	$	22,464
Basic earnings per share	$	1.52	$	2.05	$	2.19
Diluted earnings per share	$	1.47	$	1.95	$	2.07