Business Combinations (Tables)

12 Months Ended

Dec. 30, 2017

Schedule of allocation of purchase price

The following table summarizes the final allocation of the purchase price (in thousands):



Cash	$	125
Accounts receivable, net (1)	(5,496		)
Inventory	18,290
Other assets	2,065
Deferred tax assets, net	409
Goodwill	—
Intangible assets	8,640
Total assets acquired	24,033

Accrued expenses and other current liabilities	(4,450		)
Other liabilities	(691		)
Total liabilities assumed	(5,141		)
Net assets acquired	$	18,892
Gain on business acquisition	(2,243		)
Total purchase price	$	16,649

(1) The accounts receivable balance reflects reserves for product returns, discounts and promotions assumed as part of the acquisition.

The following table summarizes the preliminary allocation of the purchase price (in thousands):



Cash	$	37,981
Accounts receivable	21,426
Inventory	36,304
Goodwill	79,558
Intangible assets	36,597
Other assets	2,456
Total assets	214,322

Accounts payable	(29,391		)
Accrued expenses	(3,376		)
Deferred tax liabilities	(10,833		)
Other liabilities	(645		)
Total liabilities assumed	(44,245		)
Net assets acquired	$	170,077

Schedule of acquired intangible assets

The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives:



	Useful Life	Fair Value
		(in thousands)
Reacquired distribution rights	2.25 years	$	29,296
Customer relationships	14 years	7,029
Non-competition agreements	3 years	272
Total		$	36,597

The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives:



	Useful Life	Fair Value
		(in thousands)
Customer relationships	13 years	$	4,490
Reacquired distribution rights	9 months	4,150
Total		$	8,640

Schedule of pro forma results

The following table shows unaudited pro forma results of operations as if we had acquired Robopolis on January 3, 2016 (dollars in thousands, except per share amounts):



	Fiscal Year Ended
	December 30, 2017		December 31, 2016
Revenue	$	901,612	$	718,917
Net income	$	51,887	$	53,320
Net income per share:
Basic income per share	$	1.88	$	1.93
Diluted income per share	$	1.80	$	1.88