Business Acquisitions (Tables)

6 Months Ended

Mar. 28, 2020

Business Combinations [Abstract]

Fair Values Assigned to the Assets and Liabilities Assumed

The following table summarizes the preliminary fair value measurement of the assets acquired as of the date of acquisition:

	Fair Value			Finite-Lived Intangible Asset Lives (Years)
Asset
Inventories	$	11,649
Property and equipment	1,078
Intangible assets
Customer lists	13,400			15
Trademarks and trade names	7,900			15
Technology	4,400			15
Purchased goodwill	23,324
Deferred income taxes	6,579
Net assets acquired	$	68,330
Supplemental information
Consideration paid at closing	$	70,000
Post-closing purchase price adjustment	(1,670		)
Purchase price	$	68,330

The following table summarizes the preliminary fair value measurement of the assets acquired as of the date of acquisition:

	Fair Value			Finite-Lived Intangible Asset Lives (Years)
Asset (Liability)
Accounts receivable	$	13,557
Unbilled accounts receivable	6,325
Inventories	41
Prepaid expenses and other current assets	533
Property and equipment	1,185
Intangible assets
Customer lists	24,282			15
Trademarks and trade names	8,539			15
Technology	5,075			10
Other intangible assets	4,198			1
Other long-term assets	3,121
Purchased goodwill	36,461
Accounts payable	(12,592		)
Accrued payroll and related costs	(2,193		)
Advanced payments from customers	(3,203		)
Accrued income taxes	(1,113		)
Other accrued liabilities	(5,074		)
Deferred income taxes	(10,103		)
Other long-term liabilities	(2,230		)
Net assets acquired	$	66,809
Supplemental information
Consideration paid at closing	$	58,280
Estimated contingent consideration	17,447
Less: Cash acquired	(8,918		)
Purchase price, net of cash acquired	$	66,809

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

	Fair Value			Finite-Lived Intangible Asset Lives (Years)
Asset (Liability)
Accounts receivable	$	4,651
Unbilled accounts receivable	1,518
Inventories	11,063
Prepaid expenses and other current assets	123
Property and equipment	672
Intangible assets
Customer lists	21,652			15
Trademarks and trade names	5,926			15
Technology	12,650			15
Other intangible assets	3,761			4
Other long-term assets	60
Purchased goodwill	36,665
Accounts payable	(3,657		)
Accrued payroll and related costs	(1,328		)
Advance payments from customers	(4,315		)
Accrued income taxes	(290		)
Other accrued liabilities	(127		)
Deferred income taxes	(10,477		)
Net assets acquired	$	78,547
Supplemental information
Consideration paid at closing	$	79,772
Post-closing purchase price adjustment	515
Less: Cash acquired	(1,740		)
Purchase price, net of cash acquired	$	78,547