Acquisitions (Tables)

9 Months Ended

Sep. 28, 2019

Business Combinations [Abstract]

Fair Values of Assets and Liabilities Acquired

The preliminary fair values of the assets and liabilities acquired of this acquisition are summarized below:

(amounts in thousands)	Preliminary Allocation		Measurement Period Adjustment			Revised Preliminary Allocation
Fair value of identifiable assets and liabilities:
Accounts receivable	$	11,417	$	(137	)	$	11,280
Inventories	2,555		(60		)	2,495
Other current assets	261		12			273
Property and equipment	3,166		176			3,342
Identifiable intangible assets	17,702		5,735			23,437
Operating lease assets, net	3,739		—			3,739
Goodwill	26,553		(5,948		)	20,605
Other assets	10		—			10
Total assets	$	65,403	$	(222	)	$	65,181
Accounts payable	2,629		—			2,629
Other current liabilities	1,875		—			1,875
Operating lease liability	3,413		—			3,413
Total liabilities	$	7,917	$	—		$	7,917
Purchase price:
Cash consideration, net of cash acquired	$	57,486	$	(222	)	$	57,264

The fair values of the assets and liabilities acquired of the completed acquisitions are summarized below:

(amounts in thousands)	Preliminary Allocation			Measurement Period Adjustment			Revised Preliminary Allocation
Fair value of identifiable assets and liabilities:
Accounts receivable	$	58,714		$	(2,079	)	$	56,635
Inventories	97,305			(8,069		)	89,236
Other current assets	14,910			(6,137		)	8,773
Property and equipment	53,128			26,170			79,298
Identifiable intangible assets	70,057			(1,363		)	68,694
Goodwill	64,950			(4,330		)	60,620
Other assets	7,283			(3,528		)	3,755
Total assets	$	366,347		$	664		$	367,011
Accounts payable	29,512			(6,097		)	23,415
Current maturities of long-term debt	17,278			803			18,081
Other current liabilities	27,595			4,496			32,091
Long-term debt	47,369			5,129			52,498
Other liabilities	17,551			(2,353		)	15,198
Total liabilities	$	139,305		$	1,978		$	141,283
Purchase price:							—
Cash consideration, net of cash acquired	$	169,002		$	(1,314	)	$	167,688
Contingent consideration	3,898			—			3,898
Gain on previously held shares	20,767			—			20,767
Existing investment in acquired entity	33,483			—			33,483
Non-cash consideration related to acquired intercompany balances	(108		)	—			(108		)
Total consideration, net of cash acquired	$	227,042		$	(1,314	)	$	225,728