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Business Combination and Acquisitions (Tables)
12 Months Ended
Mar. 30, 2019
Business Combinations [Abstract]  
Schedule of Purchase Price Preliminary Allocation

The preliminary allocation of the purchase price is as follows:

 

(Dollars in thousands)

 

Initially Reported

 

 

Changes to Purchase Price and Allocation

 

 

Preliminary Allocation at March 30, 2019

 

Cash

 

$

9,722

 

 

$

 

 

$

9,722

 

Trade accounts receivable

 

 

13,876

 

 

 

 

 

 

13,876

 

Inventory

 

 

19,028

 

 

 

 

 

 

19,028

 

Assets held for sale

 

 

2,086

 

 

 

 

 

 

2,086

 

Property, plant and equipment

 

 

42,556

 

 

 

(2,336

)

 

 

40,220

 

Deferred tax assets, net

 

 

9,733

 

 

 

(2,737

)

 

 

6,996

 

Other assets

 

 

6,349

 

 

 

357

 

 

 

6,706

 

Accounts payable and accrued liabilities

 

 

(36,319

)

 

 

292

 

 

 

(36,027

)

Intangibles

 

 

43,300

 

 

 

8,918

 

 

 

52,218

 

Goodwill

 

 

174,834

 

 

 

(4,607

)

 

 

170,227

 

Total purchase price allocation

 

$

285,165

 

 

$

(113

)

 

$

285,052

 

Summary of Results of Operation as Reported and Proforma Basis

A summary of the results of operations for the Company, on an as reported and on a pro forma basis, are as follows:

 

 

 

Year Ended

March 30, 2019

 

 

Year Ended

March 31, 2018

 

 

(Dollars in thousands)

 

Reported

 

 

Pro forma

 

 

Reported

 

 

Pro forma

 

 

Net sales

 

$

1,360,043

 

 

$

1,405,847

 

 

$

1,064,722

 

 

$

1,297,159

 

 

Net (loss) income

 

 

(58,208

)

 

 

(43,460)

 

 

 

15,800

 

 

 

25,655