BUSINESS COMBINATION (Tables)

6 Months Ended

Apr. 03, 2020

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The following table summarizes the purchase price allocation:

(In millions)	Fair Value
Allocation of the purchase consideration:
Accounts receivable	$	2.4
Inventories	5.7
Prepaid expenses and other current assets	0.7
Property, plant, and equipment	0.9
Goodwill	47.2
Intangible assets	32.9
Total assets acquired	$	89.8
Accounts payable	$	(1.0)
Accrued liabilities and other current liabilities	(1.5)
Current maturities of long-term debt	(1.0)
Deferred revenues	(0.9)
Long-term debt	(3.5)
Other long-term liabilities	(1.1)
Total liabilities assumed	$	(9.0)
Noncontrolling interest	$	(1.4)
Net assets acquired, less noncontrolling interest	$	79.4
Net cash paid	$	69.5
Deferred consideration	9.9
Total consideration	$	79.4

Schedule of Intangible Assets Acquired

The following amounts represent the determination of the fair value and estimated weighted average useful lives of identifiable intangible assets for the Direct Conversion, which are amortized using the straight-line method:

(In millions)	Fair Value		Estimated Weighted Average Useful Life (In Years)
Backlog	$	0.2	1
Trade names	2.5		5
Developed technology	18.4		10
In-process research and development	2.8		indefinite
Customer relationships	9.0		10
Total intangible assets acquired	$	32.9