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Business Combinations (Tables)
12 Months Ended
Dec. 28, 2019
Business Combinations [Abstract]  
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 final allocation of the purchase price (in thousands):
Cash
$
37,981

Accounts receivable, net (1)
21,426

Inventory
36,304

Goodwill
80,419

Intangible assets
36,597

Other assets
2,456

Total assets
215,183

 
 
Accounts payable
(29,391
)
Accrued expenses
(3,376
)
Deferred tax liabilities
(10,864
)
Other liabilities
(2,138
)
Total liabilities assumed
(45,769
)
Net assets acquired
$
169,414


Schedule of acquired intangible assets
The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives (in thousands):
 
 
Useful Life
 
Fair Value
Customer relationships
 
13 years
 
$
4,490

Reacquired distribution rights
 
9 months
 
4,150

Total
 
 
 
$
8,640


The following table reflects the fair value of the acquired identifiable intangible assets and related estimates of useful lives (in thousands):
 
 
Useful Life
 
Fair Value
Reacquired distribution rights
 
2.25 years
 
$
29,296

Customer relationships
 
14 years
 
7,029

Non-competition agreements
 
3 years
 
272

Total
 
 
 
$
36,597


Schedule of pro forma results
Pro Forma Results (Unaudited)
The following table shows unaudited pro forma results of operations as if the Company had acquired Robopolis on January 1, 2017 (in thousands, except per share amounts):
 
Fiscal Year Ended
 
December 30, 2017
Revenue
$
901,612

Net income
51,887

Net income per share:
 
Basic income per share
$
1.88

Diluted income per share
$
1.80