Acquisitions (Tables)

9 Months Ended

Jun. 26, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the Level 3 fair values assigned to the net assets acquired and liabilities assumed as of the acquisition date for fiscal 2019:

(in thousands)	Vergokan		Other		Total
Fair value of consideration transferred:
Cash consideration	$	58,728	$	41,641	$	100,369
Other liability consideration	—		1,400		$	1,400
Total consideration transferred	58,728		43,041		101,769
Fair value of assets acquired and liabilities assumed:
Cash	829		1,541		2,370
Accounts receivable	8,761		8,217		16,978
Inventories	11,434		7,494		18,928
Intangible assets	12,621		16,400		29,021
Fixed assets	32,490		19,298		51,788
Accounts payable	(18,716)		(7,608)		(26,324)
Gain on purchase of business	—		(7,384)		(7,384)
Other	1,680		(3,412)		(1,732)
Net assets acquired	49,099		34,546		83,645
Excess purchase price attributed to goodwill acquired	$	9,629	$	8,495	$	18,124

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the fair value of intangible assets as of the acquisition date:

	Vergokan			Other
($ in thousands)	Fair Value		Weighted Average Useful Life (Years)	Fair Value		Weighted Average Useful Life (Years)
Customer relationships	$	10,535	12.0	$	15,400	10.0
Other	2,086		9.0	1,000		9.0
Total intangible assets	$	12,621		$	16,400