Acquisitions (Tables)

12 Months Ended

Dec. 27, 2014

Business Acquisition, Cost of Acquired Entity, Description of Purchase Price Components

The purchase price consideration was as follows:



Cash paid	$	16,543
Accrued consideration for holdbacks	923
Accrued consideration for working capital adjustment	1,293
Total purchase price consideration	$	18,759

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The fair value of the net assets acquired exceeded the purchase price resulting in a bargain purchase. The initial gain was subject to adjustment because the Company had not yet completed its evaluation and determination of the fair value, or fair value less cost to sell as applicable, of certain assets acquired and liabilities assumed, which included the final valuation and assessment of (i) property, plant and equipment acquired including assets held for sale and (ii) net working capital acquired. The Company completed these final valuations and assessments by the end of fiscal 2014. During 2014, based on further information, the Company retroactively applied adjustments to the initial provisional amounts to the first quarter of 2014. Such adjustments are presented in the table below. The most significant adjustment was to assets held for sale. The amount of assets held for sale was revised based on the final sale price. As a result of the adjustments, previously reported first quarter pre-tax earnings were increased by $2,193 ($1,360 after tax). The adjusted bargain gain recognized in the Consolidated Statement of Operations is $10,937 ($6,781 after tax).



	Originally						As
	Reported			Adjustments			Adjusted
Cash	$	2,466		$	—		$	2,466
Receivables	4,304			694			4,998
Inventories	11,511			(530		)	10,981
Other current assets	956			(159		)	797
Assets held for sale	3,250			1,902			5,152
Property, plant and equipment	6,929			(213		)	6,716
Finite intangible asset	3,300			—			3,300
Other assets	623			236			859
Accounts payable	(2,286		)	—			(2,286		)
Accrued expenses	(3,036		)	153			(2,883		)
Capital lease obligation	(404		)	—			(404		)
Fair value of net assets acquired	$	27,613		$	2,083		$	29,696
Total consideration	18,869			(110		)	18,759
Gain on purchase of business	$	(8,744	)	$	(2,193	)	$	(10,937	)

Robertex [Member]

Business Acquisition [Line Items]

Business Acquisition, Cost of Acquired Entity, Description of Purchase Price Components

The purchase price consideration was as follows:



Cash paid	$	2,278
Seller-financed note	3,749
Contingent consideration	1,307
Total purchase price	$	7,334

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The components of the purchase price allocation consisted of the following:



Cash	$	108
Accounts receivable	115
Inventory	2,139
Other current assets	14
Property, plant and equipment	1,863
Finite intangible assets	2,222
Goodwill	1,709
Accounts payable	(643		)
Accrued expenses	(193		)
Total purchase price	$	7,334

Colormaster [Member]

Business Acquisition [Line Items]

Business Acquisition, Cost of Acquired Entity, Description of Purchase Price Components

The purchase price consideration was as follows:



Cash paid	$	239
Seller-financed note	5,500
Below-market supply contract	823
Total purchase price	$	6,562

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The components of the purchase price allocation consisted of the following:



Property, plant and equipment	$	6,371
Inventory	173
Supplies	18
Purchase price	$	6,562

Crown Rug [Member]

Business Acquisition [Line Items]

Business Acquisition, Cost of Acquired Entity, Description of Purchase Price Components

The purchase price consideration was as follows:



Cash paid	$	958
Deferred payments to seller	471
Contingent consideration	1,151
Total purchase price	$	2,580

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The components of the purchase price allocation consisted of the following:



Property, plant and equipment	$	590
Finite intangible assets	352
Goodwill	1,680
Accrued payable	(42		)
Purchase price	$	2,580