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Business Combinations (Tables) - Dynamic Manufacturing Solutions [Member]
3 Months Ended
Mar. 27, 2020
Business Acquisition [Line Items]  
Summary of Preliminary Fair Values of Assets Acquired and Liabilities Assumed at Date of Acquisition The following table summarizes the preliminary fair values of assets acquired and liabilities assumed at the date of acquisition:

 

Fair Market Values (in millions)

 

 

 

 

Accounts receivable

 

$

1.5

 

Inventories

 

 

8.9

 

Equipment and leasehold improvements

 

 

5.4

 

Goodwill

 

 

12.3

 

Purchased intangible assets

 

 

6.9

 

Other non-current assets

 

 

0.3

 

Total assets acquired

 

 

35.3

 

Accounts payable

 

 

(3.8

)

Other liabilities

 

 

(0.1

)

Total liabilities assumed

 

 

(3.9

)

Purchase price allocated

 

$

31.4

 

 

Summary of Purchased Intangible Assets

 

 

 

 

 

 

Purchased

 

 

 

Useful

Life

 

 

Intangible

Assets

 

 

 

(In years)

 

 

(In millions)

 

Customer relationships

 

 

6

 

 

$

6.9

 

 

Unaudited Pro forma Consolidated Results of Operations The unaudited pro forma consolidated results of operations for the three months ended March 27, 2020 and March 29, 2019 are as follows:

 

 

 

Unaudited Pro Forma Information

 

 

 

Year Ended

 

 

 

Three Months Ended

 

 

 

March 27,

 

 

March 29,

 

 

 

2020

 

 

2019

 

(In millions, except per share amounts)

 

 

 

 

 

 

 

 

Revenues

 

$

320.9

 

 

$

268.2

 

Net income

 

$

9.4

 

 

$

1.7

 

Basic income per share

 

$

0.24

 

 

$

0.04

 

Diluted income per share

 

$

0.23

 

 

$

0.04