Business Combination (Tables)

3 Months Ended

Jan. 28, 2022

Business Combination and Asset Acquisition [Abstract]

Summary of Allocation of Preliminary Purchase Price Assigned to Intimidator Group

The following table summarizes the allocation of the preliminary purchase price to the fair values assigned to the assets acquired and liabilities assumed. These preliminary fair values are based on internal company and independent external third-party valuations and are subject to change as certain asset and liability valuations are finalized:

(Dollars in thousands)	January 13, 2022
Cash and cash equivalents	$	2,601
Receivables	6,788
Inventories	36,006
Prepaid expenses and other current assets	511
Property, plant and equipment	26,825
Right-of-use assets	349
Goodwill	155,638
Other intangible assets:
Indefinite-lived trade name	99,100
Finite-lived trade names	3,260
Finite-lived customer-related	81,300
Finite-lived backlog	2,250
Accounts payable	(10,142)
Accrued liabilities	(2,662)
Short-term lease liabilities	(102)
Long-term lease liabilities	(247)
Total fair value of net assets acquired	401,475
Less: cash and cash equivalents acquired	(2,601)
Total preliminary purchase price	$	398,874