Acquisition (Tables)

6 Months Ended

Jul. 01, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Fair Values of the Components of the Purchase Price

The following table summarizes the fair values of the components of the purchase price as of the acquisition date:

in thousands
Cash paid at closing, net of cash acquired	$	63,354
Cash paid after closing based on final working capital adjustments	213
Floor and Decor Class A common stock	5,000
Contingent consideration	9,090
Total purchase price	$	77,657

Schedule of the Estimated Preliminary Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the estimated preliminary fair values of the assets acquired and liabilities assumed at the acquisition date:

in thousands	Fair Value
Current assets	$	16,467
Fixed assets, net	970
Right-of-use assets	3,300
Intangible assets, net	44,400
Goodwill	28,026
Total assets acquired	$	93,163
Current liabilities	$	12,393
Lease liabilities	2,725
Other liabilities	388
Total liabilities assumed	$	15,506
Net assets acquired	$	77,657

Schedule of the Preliminary Estimated Fair Values and Estimated Remaining Useful Lives of Identifiable Intangible Assets

Following are the preliminary estimated fair values and estimated remaining useful lives of identifiable intangibles assets as of the acquisition date:

in thousands	Useful Life (Years)	Preliminary Fair Value
Intangible assets:
Customer relationships	12	$	34,900
Trademark/trade name	Indefinite	$	9,200
Non-compete agreement	5	$	300
Identifiable intangible assets		$	44,400