BUSINESS ACQUISITIONS (Tables)

3 Months Ended

Mar. 28, 2020

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The purchase allocation of $490.4 million, net of $36.7 million of cash acquired was as follows:

	April 29, 2019
	(in thousands)
Trade receivables	$	35,405
Inventories	5,282
Other current assets (excluding cash)	13,917
Property, plant and equipment	88,605
Goodwill	280,161
Definite-lived intangible assets	162,400
Other long-term assets	20,063
Deferred revenue	(15,278)
Current liabilities	(46,081)
Deferred tax liabilities	(27,458)
Other long-term liabilities	(22,624)
Redeemable noncontrolling interest	(4,035)
Total purchase price allocation	$	490,357

The purchase allocation of $23.1 million, net of $0.3 million of cash acquired was as follows:

	August 28, 2019
	(in thousands)
Trade receivables	$	189
Inventories	7,644
Property, plant and equipment	1,462
Goodwill	12,669
Other long-term assets	11,849
Current liabilities	(441)
Deferred tax liabilities	(1,331)
Other long-term liabilities	(238)
Redeemable noncontrolling interest	(8,740)
Total purchase price allocation	$	23,063

Schedule of Definite-Lived Intangible Assets Acquired as Part of Business Combination

The breakout of definite-lived intangible assets acquired was as follows:

	Definite-Lived Intangible Assets		Weighted Average Amortization Life
	(in thousands)		(in years)
Client relationships	$	170,390	19
Trade name	7,330		10
Other intangible assets	5,820		3
Total definite-lived intangible assets	$	183,540	18

The breakout of definite-lived intangible assets acquired was as follows:

	Definite-Lived Intangible Assets		Weighted Average Amortization Life
	(in thousands)		(in years)
Client relationships	$	134,600	13
Developed technology	19,900		3
Backlog	7,900		1
Total definite-lived intangible assets	$	162,400	12

Schedule of Business Acquisition, Pro Forma Information

	Three Months Ended
	March 28, 2020		March 30, 2019
	(in thousands)
	(unaudited)
Revenue	$	707,077	$	613,456
Net income attributable to common shareholders	55,705		52,186

	Three Months Ended
	March 30, 2019
	(in thousands)
	(unaudited)
Revenue	$	650,875
Net income attributable to common shareholders	61,028