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Business Combinations and Asset Purchases (Tables)
12 Months Ended
Dec. 29, 2019
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information [Table Text Block] The following unaudited pro forma information presents the combined financial results for the Company and EUROIMMUN as if the acquisition of EUROIMMUN had been completed at the beginning of fiscal year 2016:
 
 
December 31,
2017
 
(In thousands, except per share data)
Pro Forma Statement of Operations Information (Unaudited):
 
Revenue
$
2,562,580

Income from continuing operations
143,459

Basic earnings per share:
 
Income from continuing operations
$
1.31

Diluted earnings per share:
 
Income from continuing operations
$
1.29




Fair Values of the Business Combinations and Allocations for the Acquisitions Completed
The total purchase price for the acquisitions in fiscal year 2017 have been allocated to the estimated fair values of assets acquired and liabilities assumed as follows:

 
EUROIMMUN
 
Other
 
(In thousands)
Fair value of business combination:
 
 
 
Cash payments
$
1,413,113

 
$
140,861

Other liability

 
1,273

Working capital and other adjustments

 
(93
)
Less: cash acquired
(25,018
)
 
(2,439
)
Total
$
1,388,095

 
$
139,602

Identifiable assets acquired and liabilities assumed:
 
 
 
Current assets
$
121,174

 
$
16,268

Property, plant and equipment
109,859

 
11,356

Other assets
71,621

 
1,691

Identifiable intangible assets:
 
 
 
Core technology
160,000

 
12,400

Trade names
36,000

 
3,000

Customer relationships
710,000

 
43,700

In-process research and development ("IPR&D")
1,400

 

Goodwill
591,304

 
75,250

Deferred taxes
(251,886
)
 
(15,735
)
Liabilities assumed
(100,020
)
 
(8,328
)
Debt assumed
(61,357
)
 

Total
$
1,388,095

 
$
139,602


The total purchase price for the acquisitions in fiscal year 2019 has been allocated to the estimated fair values of assets acquired and liabilities assumed as follows:
 
Cisbio
 
Meizheng
 
Other
 
(In thousands)
Fair value of business combination:
 
 
 
 
 
Cash payments
$
219,795

 
$
145,000

 
$
45,042

Other liability

 
6,446

 
638

Contingent consideration

 
12,100

 
634

Working capital and other adjustments
138

 
2,961

 
302

Less: cash acquired
(12,542
)
 
(2,108
)
 
(1,334
)
Total
$
207,391

 
$
164,399

 
$
45,282

Identifiable assets acquired and liabilities assumed:
 
 
 
 
 
Current assets
$
43,554

 
$
15,160

 
$
4,042

Property, plant and equipment
4,835

 
6,278

 
727

Other assets
100

 
32

 
481

Identifiable intangible assets:
 
 
 
 
 
Core technology
90,000

 
36,500

 
27,667

Trade names
5,000

 
4,900

 
1,310

Customer relationships
39,000

 
53,000

 
6,700

Goodwill
72,341

 
81,457

 
17,006

Deferred taxes
(34,886
)
 
(21,231
)
 
(6,658
)
Debt assumed

 
(706
)
 
(2,698
)
Liabilities assumed
(12,553
)
 
(10,991
)
 
(3,295
)
Total
$
207,391

 
$
164,399

 
$
45,282


The total purchase price for the acquisitions in fiscal year 2018 has been allocated to the estimated fair values of assets acquired and liabilities assumed as follows:
 
(In thousands)
Fair value of business combination:
 
Cash payments
$
95,950

Other liability
3,354

Contingent consideration
6,200

Working capital and other adjustments
261

Less: cash acquired
(1,132
)
Total
$
104,633

Identifiable assets acquired and liabilities assumed:
 
Current assets
$
4,905

Property, plant and equipment
1,166

Other assets
776

Identifiable intangible assets:
 
Core technology
31,956

Trade names
1,070

GC Libraries
2,065

Customer relationships
10,200

Goodwill
65,886

Deferred taxes
(9,049
)
Debt assumed
(461
)
Liabilities assumed
(3,881
)
Total
$
104,633