Business Acquisition (Tables)

12 Months Ended

Sep. 29, 2018

Schedule of Business Acquisitions, by Acquisition

The final purchase price of PCB consisted of the following:




Consideration paid to PCB shareholders and employees¹	$	580,000
Consideration for PCB closing cash	11,612
Deferred endowment consideration²	1,000
Net preacquisition earn-out	(141		)
Net working capital adjustment³	(147		)
Cash acquired	(10,551		)
Total estimated purchase price, net of cash acquired	$	581,773


¹	Of the $580,000 consideration paid to PCB, we paid $10,000 directly to employees of PCB on behalf of the PCB shareholders during the fourth quarter of fiscal year 2016. The payment was made pursuant to the definitive purchase agreement entered into with PCB in connection with the acquisition.


²	The deferred endowment consideration was paid during the third quarter of fiscal year 2017.


³	Payment was received for the net working capital adjustment during the fourth quarter of fiscal year 2017.

Fair Values Assigned To The Assets And Liabilities Assumed

The following table summarizes the final fair value measurement of the assets acquired and liabilities assumed net of cash acquired as of the date of acquisition:




Assets
Accounts receivable	$	21,008
Inventories	57,981
Prepaid expenses and other current assets	2,362
Property and equipment	19,649
Intangible assets
Customer lists	153,900
Trademarks and trade names	58,500
Technology	35,300
Land-use rights	1,200
Other long-term assets	1,796
Total identifiable assets acquired	351,696
Liabilities
Accounts payable	(6,786		)
Accrued payroll and related costs	(7,137		)
Non-current deferred tax liability	(94,141		)
Other accrued and long-term liabilities	(5,037		)
Total identifiable liabilities acquired	(113,101		)

Net identifiable assets acquired	238,595
Goodwill	343,178
Total estimated purchase price consideration, net of cash acquired	$	581,773

Business Acquisition, Pro Forma Information

In addition, the unaudited pro forma financial information does not attempt to project the future results of operations of the combined company.



	2016
Revenue	$	782,379
Net income	18,779

Earnings per share
Basic	$	0.93
Diluted	0.92