XML 33 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACQUISITION (Tables)
6 Months Ended
Apr. 28, 2013
Acquisition [Abstract]  
Business Acquisition, Pro Forma Information [Table Text Block]
Unaudited Pro Forma     Unaudited Pro Forma  
    Fiscal Three Months Ended     Fiscal Six Months Ended  
(In thousands except per share amounts)   April 28, 2013     April 29, 2012     April 28, 2013     April 29, 2012  
       
Sales   $ 293,399     $ 285,532     $ 590,983     $ 574,496  
                                 
Net income (loss)   $ (5,342 )   $ 212     $ (8,969 )   $ 796  
                                 
Net loss applicable to common shares   $ (5,342 )   $ (17,390 )   $ (8,969 )   $ (27,434 )
                                 
Earnings per share:                                
                                 
Basic   $ (0.28 )   $ (0.92 )   $ (0.46 )   $ (1.46 )
                                 
Diluted   $ (0.28 )   $ (0.92 )   $ (0.46 )   $ (1.46 )
Schedule of Purchase Price Allocation [Table Text Block]

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as part of the Acquisition. The fair value of certain assets acquired and liabilities assumed are preliminary and the final determination of any required purchase accounting adjustments will be made upon the finalization of the post-closing adjustment in the Equity Purchase Agreement and finalization of certain contingent assets and liabilities. We are currently completing our plans to functionally integrate the newly acquired operations into our existing operations. Additionally, as these plans are finalized, we may identify integration charges that are required to be recognized.

 

(In thousands) June 22, 2012 
Current assets $35,233 
Current deferred income taxes  2,182 
Property, plant and equipment  57,572 
Intangible assets  32,760 
Assets acquired $127,747 
Current liabilities $24,924 
Deferred income taxes  27,404 
Lease liability  1,392 
Liabilities assumed $53,720 
Fair value of net assets acquired $74,027 
Total consideration paid  145,682 
Goodwill $71,655 
Schedule Of Business Acquisition Purchase Price Allocation To Intangible Assets [Table Text Block]

The amount allocated to intangible assets was attributed to the following categories (in thousands):

Lives
Trade names $ 9,600 15 years
Backlog 1,410 3 months
Supplier relationships 150 3 years
Customer lists and relationships 21,600 12 years
$ 32,760