ACQUISITIONS (Tables)

3 Months Ended

Mar. 29, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary purchase price has been allocated to the assets acquired and liabilities assumed as of the date of acquisition as follows:



Accounts receivable	$	2,499,746
Property and equipment	22,100
Prepaid expenses and other current assets	3,299
Intangible assets	7,192,000
Goodwill	1,412,770
Liabilities assumed	(594,101		)
Total net assets acquired	$	10,535,814

Cash	$	8,500,000
Fair value of contingent consideration	2,035,814
Total fair value of consideration transferred for acquired business	$	10,535,814

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The allocation of the intangible assets is as follows:



	Estimated Fair Value		Estimated Useful Lives
Covenants not to compete	$	250,000	5 years
Trade name	$	3,914,000	Indefinite
Customer list	$	3,028,000	5 years
Total	$	7,192,000

Business Acquisition, Pro Forma Information

The Company estimates that the revenues and net income (loss) for the thirteen week periods ended March 29, 2015 and March 30, 2014 that would have been reported if the acquisition of D&W had taken place on the first day of Fiscal 2014 would be as follows (dollars in thousands):



	Thirteen Weeks Ended
	March 29, 2015		March 30, 2014
Revenues	$	43,937	$	41,657
Net income (loss)	$	481	$	(1,403	)
Income (loss) per share:
Basic	$	0.07	$	(0.25	)
Diluted	$	0.07	$	(0.25	)