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ACQUISITION ACQUISITION (Tables)
9 Months Ended
Sep. 26, 2014
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The estimated purchase price allocation is based on preliminary estimates of fair values, net of cash acquired, as of the acquisition date of June 30, 2014, as follows (in thousands):

Purchase Price Allocation
Accounts receivable (1)
$
94,635

Prepaid expenses, deposits and other current assets
6,348

Property and equipment
9,424

Other non-current assets
1,230

Intangible assets
118,200

  Total assets acquired
229,837

 
 
Accounts payable and other accrued expenses
37,247

Workers' compensation liability
18,584

Deferred tax liability
14,925

Other long-term liabilities
1,163

  Total liabilities assumed
71,919

 
 
Net identifiable assets acquired
157,918

Goodwill (2)
150,054

  Net assets acquired
$
307,972

(1)
The gross contractual amount of accounts receivable was $96.7 million of which $2.1 million was estimated to be uncollectible.
(2)
Goodwill is attributable to the acquired workforce, the expected synergies and future cash flows after the acquisition of Seaton.The goodwill is not deductible for tax purposes.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The following table sets forth the components of identifiable intangible assets and their estimated useful lives as of June 30, 2014, (in thousands, except for weighted average estimated useful lives, in years):
 
Estimated Fair Value
 
Weighted Average Estimated Useful Lives in Years
Trade name/trademarks
$
10,500

 
Indefinite
Trade name/trademarks
300

 
4.0
Technologies
18,300

 
4.0
Customer relationships
89,100

 
10.6
Total intangible assets
$
118,200

 
 
Business Acquisition, Pro Forma Information
Unaudited pro forma financial data is presented below (in thousands, except per share data):
 
 
Thirteen weeks ended
 
Thirty-nine weeks ended
 
 
September 26,
2014
 
September 27,
2013
 
September 26,
2014
 
September 27,
2013
Revenue from services
 
$
633,365

 
$
588,399

 
$
1,929,537

 
$
1,605,933

Net income
 
22,314

 
18,952

 
40,871

 
29,744

Net income per common share - diluted
 
0.54

 
0.47

 
1.00

 
0.74