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Business Acquisitions (Tables)
6 Months Ended
Jun. 29, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule 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 the six months ended June 29, 2024 and the fiscal year ended December 30, 2023:
20242023
TotalVISAximOtherTotal
Cash$2,080 $7,027 $5,419 $1,316 $13,762 
Billed and unbilled receivables, net7,043 5,042 13,937 1,609 20,588 
Right-of-use assets2,583 2,162 1,643 552 4,357 
Property and equipment1,762 118 2,870 38 3,026 
Prepaid expenses1,093 1,503 1,180 17 2,700 
Other assets46 — 156 158 
Intangible assets:
Customer relationships28,761 35,626 53,518 2,526 91,670 
Trade name956 3,025 2,266 210 5,501 
Customer backlog4,300 894 3,862 943 5,699 
Developed technology— 4,024 2,185 — 6,209 
Non-compete2,756 26 580 254 860 
Total Assets$51,380 $59,447 $87,616 $7,467 $154,530 
Liabilities(5,995)(16,689)(13,668)(2,297)(32,654)
Deferred tax liabilities(131)(8,728)(12,428)(496)(21,652)
Net assets acquired$45,254 $34,030 $61,520 $4,674 $100,224 
Consideration paid (Cash, Notes and/or stock)$59,961 $75,371 $139,569 $8,867 $223,807 
Contingent earn-out liability (Cash and stock)4,339 — — 610 610 
Total Consideration$64,300 $75,371 $139,569 $9,477 $224,417 
Excess consideration over the amounts assigned to the net assets acquired (Goodwill)$19,046 $41,341 $78,049 $4,803 $124,193 
Schedule Of Pro Forma Consolidated Results Of Operations The following table presents the results of operations of businesses acquired from their respective dates of acquisition for the three and six months ended June 29, 2024 and July 1, 2023.
Three Months EndedSix Months Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Gross revenues$10,975 $29,589 $16,613 $37,064 
Income before income taxes$3,572 $4,904 $5,648 $5,631 
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 2023 or (ii) future results of operations:
Three Months EndedSix Months Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Gross revenues$236,824 $235,354 $456,677 $453,766 
Net income$8,015 $14,818 $9,292 $19,196 
Basic earnings per share$0.52 $0.98 $0.61 $1.28 
Diluted earnings per share$0.51 $0.96 $0.59 $1.24