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Acquisitions (Tables)
12 Months Ended
Dec. 28, 2018
Business Combinations [Abstract]  
Schedule of business acquisition
Our consolidated results include the following financial information of Mann Packing:

 
Period from February 27, 2018 to December 28, 2018
Net sales
$
488.6

Net (loss) income attributable to
  Fresh Del Monte Produce, Inc.
$
(1.7
)
The following table summarizes the fair values of the net assets acquired and liabilities assumed at the date of the acquisition:

 
As Previously Reported as of September 28, 2018
 
Adjustments
 
As Adjusted
Assets acquired
 
 
 
 
 
Current assets:
 
 
 
 
 
Cash and cash equivalents
$
0.1

 
$
1.3

 
$
1.4

Trade accounts receivable, net of allowance
39.4

 
(2.4
)
 
37.0

Other accounts receivable, net of allowance
4.0

 
1.3

 
5.3

Inventories, net
20.9

 
2.9

 
23.8

Prepaid expenses and other current assets
2.1

 
1.8

 
3.9

Total current assets
66.5

 
4.9

 
71.4

 
 
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
97.1

 
(0.9
)
 
96.2

Definite-lived intangible assets, net
135.9

 
3.9

 
139.8

Goodwill
159.9

 
2.1

 
162.0

Total assets acquired
$
459.4

 
$
10.0

 
$
469.4

Liabilities assumed
 
 
 
 
 

Current liabilities:
 
 
 
 
 

Accounts payable and accrued expenses
48.9

 
15.9

 
64.8

Total liabilities assumed
48.9

 
15.9

 
64.8

 
 
 
 
 
 
Less: Redeemable noncontrolling interest
39.1

 
8.3

 
47.4

 
 
 
 
 
 
Net assets acquired
$
371.4

 
$
(14.2
)
 
$
357.2

Schedule of pro forma information
The following unaudited pro forma combined financial information presents our results including Mann Packing as if the business combination had occurred at the beginning of fiscal year 2017:

 
 
Year ended
 
 
 
December 28,
2018
 
December 29,
2017
 
Net sales
 
$
4,573.1

 
$
4,621.6

 
 
 
 
 
 
 
Net (loss) income attributable to
  Fresh Del Monte Produce, Inc.
 
$
(18.6
)
(1) 
$
134.9

(2) 

(1)Unaudited pro forma results for the year ended December 28, 2018 were positively adjusted by $10.8 million consisting of $12.7 million of nonrecurring transaction related compensation benefits, advisory, legal, accounting, valuation and other professional fees, partially offset by $1.9 million of interest expense as a result of increased borrowings under our Credit Facility.

(2)Unaudited pro forma results for the year ended December 29, 2017 were adjusted to include $8.7 million of interest expense as a result of increased borrowings under our Credit Facility.