Acquisitions

12 Months Ended

Jan. 30, 2021

Business Combinations [Abstract]

Acquisitions

Acquisitions

Fiscal 2019. During March 2018, we acquired certain assets and assumed certain liabilities of a provider of telecommunications construction and maintenance services in the Midwest and Northeast United States for a cash purchase price of $20.9 million, less a working capital adjustment estimated to be $0.5 million. This acquisition expands our geographic presence within our existing customer base.

Purchase Price Allocations

The purchase price allocation of the 2019 acquisition were completed within the 12-month measurement period from the date of acquisition. Adjustments to provisional amounts were recognized in the reporting period in which the adjustments were determined and were not material.

The following table summarizes the aggregate consideration paid for businesses acquired in fiscal 2019 (dollars in millions):

	2019
Assets
Accounts receivable	$	5.6
Inventories and other current assets	0.2
Property and equipment	0.5
Goodwill	4.0
Intangible assets - customer relationships	12.3
Total assets	22.6
Liabilities
Accounts payable	2.2
Total liabilities	2.2
Net Assets Acquired	$	20.4