Acquisitions (Tables)

9 Months Ended

Oct. 02, 2021

Cornerstone Building Brands, Inc., Insulated Metal Panels ("IMP") [Member]

Business Acquisition [Line Items]

Summary of Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed of the IMP business as of the date of acquisition (in thousands):

Cash	$	—
Accounts receivable		49,869
Inventory		73,000
Other current assets		4,478
Property, plant and equipment		102,966
Goodwill		454,549
Other intangible assets		378,300
Other assets		13,515
Total assets acquired		1,076,677
Current liabilities		45,320
Other liabilities		12,855
Total liabilities assumed		58,175
Net assets acquired	$	1,018,502

Summary of Purchase Price Allocation to Identifiable Intangible Assets

The following table summarizes the purchase price allocation to the identifiable intangible assets of the IMP business as of the date of acquisition (in thousands, except years):

			Weighted-
			Average Life
Customer relationships	$	309,000	10 years
Trademarks and trade names		45,000	10 years
Backlog		24,300	1 year
	$	378,300

Hannibal Industries Inc [Member]

Business Acquisition [Line Items]

Summary of Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed of Hannibal as of the date of acquisition (in thousands):

Cash	$	125,628
Accounts receivable		115,728
Inventory		65,005
Other current assets		1,050
Property, plant and equipment		116,955
Goodwill		80,550
Other intangible assets		201,700
Other assets		8,776
Total assets acquired		715,392
Current liabilities		231,356
Finance lease obligations		80,124
Other liabilities		10,655
Total liabilities assumed		322,135
Net assets acquired	$	393,257

Summary of Purchase Price Allocation to Identifiable Intangible Assets

The following table summarizes the purchase price allocation to the identifiable intangible assets of Hannibal as of the date of acquisition (in thousands, except years):

			Weighted-
			Average Life
Customer relationships	$	144,000	10 years
Trademarks and trade names		26,000	7 years
Backlog		31,700	1 year
	$	201,700