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 |
|
|
|