BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 26, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Price Allocation

The preliminary purchase price allocation of $53.1 million, net of $8.5 million of cash acquired was as follows:

	March 30, 2021
	(in thousands)
Trade receivables	$	2,266
Other current assets (excluding cash)	209
Property, plant and equipment	400
Goodwill	33,625
Definite-lived intangible assets	22,126
Other long-term assets	1,385
Current liabilities	(1,569)
Deferred tax liabilities	(4,174)
Other long-term liabilities	(1,205)
Total purchase price allocation	$	53,063

The preliminary purchase price allocation of $876.1 million, net of $70.5 million of cash acquired was as follows:

	March 29, 2021
	(in thousands)
Trade receivables	$	16,564
Inventories	4,231
Other current assets (excluding cash)	9,840
Property, plant and equipment	52,082
Operating lease right-of-use assets, net	34,349
Goodwill	603,379
Definite-lived intangible assets	266,700
Other long-term assets	6,098
Deferred revenue	(18,582)
Current liabilities	(32,517)
Operating lease right-of-use liabilities	(31,383)
Deferred tax liabilities	(34,256)
Other long-term liabilities	(414)
Total purchase price allocation	$	876,091

The preliminary purchase price allocation of $97.0 million, net of $0.8 million of cash acquired was as follows:

	December 31, 2020
	(in thousands)
Trade receivables	$	2,722
Other current assets (excluding cash)	221
Property, plant and equipment	2,382
Goodwill	71,585
Definite-lived intangible assets	24,540
Other long-term assets	2,055
Current liabilities	(2,823)
Deferred tax liabilities	(2,529)
Other long-term liabilities	(1,123)
Total purchase price allocation	$	97,030

The purchase price allocation of $36.9 million, net of $0.5 million of cash acquired was as follows:

	August 6, 2020
	(in thousands)
Trade receivables	$	1,500
Inventories	551
Other current assets (excluding cash)	182
Property, plant and equipment	1,648
Goodwill	19,457
Definite-lived intangible assets	16,230
Other long-term assets	849
Current liabilities	(1,360)
Deferred tax liabilities	(1,467)
Other long-term liabilities	(740)
Total purchase price allocation	$	36,850

The purchase price allocation of $376.7 million, net of $3.1 million of cash acquired was as follows:

	January 3, 2020
	(in thousands)
Trade receivables	$	6,451
Inventories	8,468
Other current assets (excluding cash)	3,494
Property, plant and equipment	10,033
Goodwill	210,196
Definite-lived intangible assets	183,540
Other long-term assets	5,920
Current liabilities	(5,188)
Deferred tax liabilities	(38,529)
Other long-term liabilities	(7,664)
Total purchase price allocation	$	376,721

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	$	17,340	13
Developed technology	3,685		3
Other intangible assets	1,101		2
Total definite-lived intangible assets	$	22,126	11

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	$	252,900	14
Other intangible assets	4,900		2
Backlog	8,900		1
Total definite-lived intangible assets	$	266,700	13

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	$	16,080	9
Developed technology	3,940		5
Other intangible assets	4,520		4
Total definite-lived intangible assets	$	24,540	7

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	$	14,740	13
Other intangible assets	1,490		3
Total definite-lived intangible assets	$	16,230	12

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

Schedule of Pro Forma Information

	Three Months Ended				Six Months Ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands)
	(unaudited)
Revenue	$	914,607	$	706,250	$	1,767,096	$	1,434,708
Net income attributable to common shareholders	96,365		74,408		138,712		85,249

	June 27, 2020
	Three Months Ended		Six Months Ended
	(unaudited)		(unaudited)
Revenue	$	682,584	$	1,389,661
Net income attributable to common shareholders	67,383		123,088