Note 3 - Acquisitions

12 Months Ended

Dec. 30, 2012

Business Combination Disclosure [Text Block]

3.  Acquisition

To establish the Company’s presence in the Brazilian market, we acquired the stock of Tradição Planejamento e Tecnologia de Serviços S.A. and Tradição Tecnologia e Serviços Ltda. (collectively, “Tradição”), a national service provider in Brazil, during the fourth quarter of 2011 for $6.6 million in cash.  Tradição is included the Americas Commercial operating segment.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the date of the acquisition along with measurement period adjustments recognized during 2012:

	Original						Revised
	Allocation			Adjustments			Allocation
	(In millions of dollars)
Current assets	$	6.3		$	-		$	6.3
Goodwill		22.9			(0.1	)		22.8
Identified intangibles		5.3			0.4			5.7
Other noncurrent assets		0.7			-			0.7
Current liabilities		(14.4	)		(0.6	)		(15.0	)
Noncurrent liabilities		(14.2	)		0.3			(13.9	)
Total purchase price	$	6.6		$	-		$	6.6

The acquisition adjustments relate to changes in Tradição’s estimated identified intangibles balance, acquired contingency reserves and tax liabilities assumed.

Included in the assets purchased was approximately $5.0 million of intangible assets associated with customer lists.  These assets will be amortized over approximately 7 years based on the expected cash flows and will have no residual value.