Acquisitions and Disposition (Tables)

9 Months Ended

Oct. 02, 2022

Mergers, Acquisitions and Dispositions [Abstract]

Business Combination, Schedule of Purchase Price

The total consideration is as follows (in millions of dollars):

Cash consideration paid	$	85.7
Additional consideration payable	1.1
Total consideration	$	86.8

The total consideration is as follows (in millions of dollars):

Cash consideration paid	$	61.8
Additional consideration payable	1.1
Contingent consideration	0.6
Total consideration	$	63.5

The total consideration is as follows (in millions of dollars):

Cash consideration paid	$	220.4
Additional consideration payable	2.6
Net working capital adjustment	(6.0)
Total consideration	$	217.0

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the date of the acquisition (in millions of dollars):

Cash	$	0.9
Trade accounts receivable	10.0
Prepaid expenses and other current assets	1.6
Net property and equipment	0.4
Goodwill	36.3
Intangibles	40.3
Accounts payable and accrued liabilities, current	(2.6)
Accrued payroll and related taxes, current	(0.1)
Total consideration, including working capital adjustments	$	86.8

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the date of the acquisition (in millions of dollars):

Cash	$	3.5
Trade accounts receivable	6.9
Prepaid expenses and other current assets	1.8
Net property and equipment	0.1
Goodwill	41.0
Intangibles	15.8
Accounts payable and accrued liabilities, current	(2.9)
Accrued payroll and related taxes, current	(1.5)
Other long-term liabilities	(1.2)
Total consideration, including working capital adjustments	$	63.5

Disposal Groups, Including Discontinued Operations

The major classes of divested assets and liabilities were as follows (in millions of dollars):

Assets divested
Cash and equivalents	$	13.4
Trade accounts receivable, net	22.8
Prepaid expenses and other current assets	0.7
Property and equipment, net	0.7
Deferred taxes	0.4
Other assets	0.3
Assets divested	38.3
Liabilities divested
Accounts payable and accrued liabilities	(0.6)
Accrued payroll and related taxes	(7.3)
Income and other taxes	(5.7)
Liabilities divested	(13.6)
Disposal group, net	$	24.7