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Business Combination (Tables)
6 Months Ended
Sep. 29, 2018
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation on Assets and Liabilities

The preliminary estimated purchase price was allocated as follows:

 

(Dollars in thousands)

 

 

Allocation

 

Cash

 

 

$

9,722

 

Trade accounts receivable

 

 

 

13,876

 

Inventory

 

 

 

19,028

 

Property, plant and equipment

 

 

 

44,642

 

Deferred tax assets, net

 

 

 

9,733

 

Other assets

 

 

 

6,349

 

Accounts payable and accrued liabilities

 

 

 

(35,763

)

Intangibles

 

 

 

43,300

 

Goodwill

 

 

 

174,278

 

Total preliminary estimated purchase price allocation

 

 

$

285,165

 

 

Summary of Company's Results of Operations from Business Acquired

Included in the Company’s results of operations for the three and six months ended September 29, 2018, are results from the business acquired as follows:

 

(Dollars in thousands)

 

Three Months Ended

September 29, 2018

 

 

Six Months Ended

September 29, 2018

 

Net sales

 

$

68,083

 

 

$

90,144

 

 

Summary of Results of Operation As Reported and Proforma Basis

 

A summary of the results of operations for the Company, on an as reported and on a pro forma basis, are as follows:

 

 

 

Three Months Ended

September 30, 2017

 

 

Six Months Ended

September 29, 2018

 

 

Six Months Ended

September 30, 2017

 

(Dollars in thousands)

 

Reported

 

 

Pro forma

 

 

Reported

 

 

Pro forma

 

 

Reported

 

 

Pro forma

 

Net sales

 

$

259,963

 

 

$

318,425

 

 

$

677,697

 

 

$

723,501

 

 

$

504,065

 

 

$

621,990

 

Net income (loss)

 

 

7,408

 

 

 

8,058

 

 

 

(77,878

)

 

 

(62,769

)

 

 

12,671

 

 

 

14,247