XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.2
Acquisitions Acquisitions (Tables)
6 Months Ended
Jun. 28, 2019
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information [Table Text Block] These amounts are presented in accordance with GAAP, consistent with the Company’s accounting policies.
 
Three Months Ended
 
Six Months Ended
 
June 28, 2019
 
June 29, 2018
 
June 28, 2019
 
June 29, 2018
 
(Unaudited, in thousands)
Net sales
$
908,647

 
$
865,694

 
$
1,761,732

 
$
1,691,596

Net income from continuing operations attributable to Colfax Corporation
51,046

 
40,904

 
65,181

 
42,607


Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the Company’s best initial estimate of the aggregate fair value of the assets acquired and liabilities assumed at the date of acquisition. These amounts, including inventories, deferred taxes, intangible assets, useful lives of the intangible assets, and property, plant and equipment, are determined based upon certain valuations and studies that have yet to be finalized. Accordingly, the assets acquired and liabilities assumed, as detailed below, are subject to adjustment once the detailed analyses are completed, which could be material. Substantially all of the Goodwill recognized is not expected to be deductible for income tax purposes.
 
February 22, 2019
 
(In thousands)
Trade receivables
$
160,254

Inventories
208,736

Property, plant and equipment
171,232

Goodwill
1,380,237

Intangible assets
1,737,000

Accounts payable
(108,503
)
Other assets and liabilities, net
(401,993
)
Total
3,146,963

Less: net assets attributable to noncontrolling interest
(1,862
)
Consideration, net of cash acquired
$
3,145,101


Schedule of Indefinite-lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The following table summarizes preliminary Intangible assets acquired, excluding Goodwill, as of February 22, 2019:
 
Intangible
Asset
(In thousands)
Weighted-Average Amortization Period (Years)
 
 
 
Trademarks
$
479,000

16
Customer relationships
954,000

14
Acquired technology
304,000

12
Intangible assets
$
1,737,000