Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The allocation of the purchase price for the acquisition is as follows:

Total purchase consideration	$	38,641
Cash and cash equivalents	$	795
Accounts receivable	794
Inventory	2,029
Property and equipment	77
Identifiable intangible assets	17,700
Total identifiable assets acquired	21,395
Accounts payable	1,266
Accrued liabilities	1,218
Other liabilities	586
Deferred income tax liabilities	710
Total liabilities assumed	3,780
Net identifiable assets acquired	17,615
Goodwill	21,026
Net assets acquired	$	38,641

The allocation of the purchase price for the 2019 acquisitions is as follows:

	MRI		CPD		C4		Total
Accounts receivable	$	902	$	437	$	21,725	$	23,064
Inventories	5,908		6,084		49,654		61,646
Prepaid expenses and other current assets	84		64		8,716		8,864
Property and equipment	219		174		8,914		9,307
Other intangible assets	3,397		8,078		297,152		308,627
Deferred tax assets	166		150		675		991
Other assets	—		—		1,038		1,038
Total identifiable assets acquired	10,676		14,987		387,874		413,537
Accounts payable	2,694		4,153		20,551		27,398
Accrued liabilities	950		681		39,256		40,887
Other liabilities	—		—		6,985		6,985
Deferred tax liabilities	—		—		41,003		41,003
Total liabilities assumed	3,644		4,834		107,795		116,273
Total fair value of net assets, excluding goodwill	7,032		10,153		280,079		297,264
Goodwill	2,228		2,354		282,945		287,527
Total purchase consideration, net of cash	$	9,260	$	12,507	$	563,024	$	584,791

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The Company recorded intangible assets related to the acquisition based on estimated fair value, which consisted of the following:

	Useful Lives (Years)	Acquired Value
Customer relationships	10	$	14,400
Trade name	6	3,300
Total intangible assets		$	17,700

The Company recorded intangible assets related to the 2019 acquisitions based on their estimated fair values, which consisted of the following:

	Useful Lives (Years)	MRI		CPD		C4		Total
Customer relationships	13 - 25	$	2,575	$	7,144	$	155,000	$	164,719
Trade name	2 - 10	822		934		47,000		48,756
Technology- Other Home Automation	5	—		—		65,152		65,152
Technology- Lighting	10	—		—		24,000		24,000
Technology- Speakers	15	—		—		6,000		6,000
Total Intangible Assets		$	3,397	$	8,078	$	297,152	$	308,627

Business Acquisition, Pro Forma Information

The following table shows the net sales and net income (loss) attributable to each acquired entity from the acquisition date until the end of the Company’s fiscal year ending December 27, 2019.

Acquired entity	Time period	Net Sales		Net Income (Loss)
MRI	March 14, 2019 to December 27, 2019	$	26,854	$	825
CPD	July 17, 2019 to December 27, 2019	$	15,693	$	(300)
Control4	August 1, 2019 to December 27, 2019	$	108,377	$	(8,084)

Unaudited Pro Forma Information — The unaudited pro forma information below presents the consolidated results of operations for the fiscal year ending December 27, 2019, as if the acquisitions had occurred on the first day of the fiscal year (December 29, 2018). The adjustments reflected in the pro forma results relate to interest expense on the debt to fund the acquisitions, the amortization of acquired intangibles, adjustments for revenue recognition and the related tax effects of these adjustments.

	2019
Net sales	$	763,783
Net loss	$	(69,377)