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Business Acquisitions (Tables)
3 Months Ended
Mar. 28, 2020
Business Combinations [Abstract]  
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 date for the acquisitions closed during 2019:
 
2019
 
QSI
 
Other
 
Total
Cash
$
6,894

 
$
75

 
$
6,969

Billed and unbilled receivables, net
42,523

 
20,723

 
63,246

Right-of-use assets
6,131

 

 
6,131

Property and equipment
13,499

 
2,163

 
15,662

Prepaid expenses
2,612

 
997

 
3,609

Other assets
1,317

 
1,048

 
2,365

Intangible assets:
 
 
 
 
 
Customer relationships
64,709

 
10,423

 
75,132

Trade name
58,546

 
1,365

 
59,911

Customer backlog
6,835

 
1,363

 
8,198

Developed technology
32,944

 

 
32,944

Other

 
814

 
814

Total Assets
$
236,010

 
$
38,971

 
$
274,981

Liabilities
(23,698
)
 
(8,343
)
 
(32,041
)
Deferred tax liabilities
(39,372
)
 
(3,779
)
 
(43,151
)
Net assets acquired
$
172,940

 
$
26,849

 
$
199,789

 
 
 
 
 
 
Consideration paid (Cash, Notes and/or stock)
$
318,428

 
$
50,447

 
$
368,875

Contingent earn-out liability (Cash and stock)

 
1,004

 
1,004

Total Consideration
$
318,428

 
$
51,451

 
$
369,879

Excess consideration over the amounts assigned to the net assets acquired (Goodwill)
$
145,488

 
$
24,602

 
$
170,090


Results of Operations From Any Business Acquired
The consolidated financial statements of the Company for the three months ended March 30, 2019 include the results of operations from any business acquired from their respective dates of acquisition during each of the respective period as follows:
 
Three Months Ended
 
March 30, 2019
Gross revenues
$
766

Income before income taxes
$
48


Pro Forma Consolidated Results of Operations The pro forma results are not necessarily indicative of (i) the results of operations that would have occurred had the operations of these acquisitions actually been acquired at the beginning of fiscal year 2019 or (ii) future results of operations:
 
Three Months Ended
 
March 30, 2019
Gross revenues
$
165,406

Net income
$
3,748

Basic earnings per share
$
0.31

Diluted earnings per share
$
0.30