BUSINESS COMBINATION (Tables)

6 Months Ended

Apr. 03, 2021

Summary of Allocation of Assets Acquired and Liabilities Assumed Based on Fair Values as of Acquisition Date

The following table summarizes the allocation of the assets acquired and liabilities assumed based on the fair values as of the acquisition date:


(in thousands)	January 19, 2021
Accounts and other receivable	$	7
Prepaid expenses and other current assets	6
Property, plant and equipment, net	539
Goodwill	16,799
Intangible assets	11,200
Accounts payable	(77)
Accrued expenses and other current liabilities	(98)
Deferred tax liabilities	(2,038)
Total purchase price, net of cash acquired	$	26,338

Schedule of Pro Forma Results

The unaudited pro forma results do not reflect any cost saving synergies from operating efficiencies or the effect of the incremental costs incurred in integrating the two companies. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the periods presented, nor are they indicative of future results of operations:


(in thousands)	Three months ended				Six months ended
	April 3, 2021		March 28, 2020		April 3, 2021		March 28, 2020
Revenue	$	340,163	$	150,741	$	608,020	$	295,038
Net income	$	72,674	$	11,839	$	121,068	$	23,388