Business Acquisitions (Tables)

3 Months Ended

Sep. 28, 2014

Business acquisitions

Schedule of Pro-Forma Financial Information

The unaudited pro forma results do not reflect any material adjustments, operating efficiencies or potential cost savings that may result from the consolidation of operations but do reflect certain adjustments expected to have a continuing impact on the combined results (in thousands, except per share data).

	Three Months Ended September 29, 2013
Revenue	$	29,114
Net income	$	1,238
Basic and diluted net income per common share	$	0.09

Advanced Tooling Concepts

Business acquisitions

Schedule of total purchase price

The total purchase price for the acquisition of ATC was as follows (in thousands):

	Amount
Cash paid	$	20,670
Payoff of ATC indebtedness	1,230
Common stock placed escrow	1,691
Aggregate purchase price	$	23,591

Schedule of assets and liabilities for the reverse merger and acquisition

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of ATC at the acquisition date (in thousands).

	Amount
Cash and cash equivalents	$	1,694
Accounts receivable	1,248
Inventory	469
Other current assets	13
Property and equipment	3,976
Intangible assets	15,788
Goodwill	2,766
Current liabilities	(2,363		)
Fair value of net assets acquired	$	23,591

Kecy Acquisition

Business acquisitions

Schedule of total purchase price

The total purchase price for the acquisition of Kecy was as follows (in thousands):

	Amount
Cash paid	$	23,225
Excess working capital acquired	1,009
Common stock placed escrow	2,600
Aggregate purchase price	$	26,834

Schedule of assets and liabilities for the reverse merger and acquisition

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of Kecy at the acquisition date (in thousands).

	Amount
Accounts receivable	$	3,370
Inventories	2,257
Prepaid and other current assets	49
Property and equipment	9,255
Goodwill	1,425
Intangible assets	11,396
Accounts payable	(188		)
Accrued expenses	(730		)
Fair value of net assets acquired	$	26,834