BUSINESS ACQUISITIONS (Tables)

3 Months Ended

Jun. 27, 2020

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

The total purchase price paid for the assets of TTE was approximately $12.2 million. $1.2 million of the purchase price has been put into escrow as a holdback for indemnification claims, if any. The following is a preliminary summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 inputs, of TTE’s assets and liabilities acquired during the period presented:

		FY 2020
Goodwill		$	6,779
Intangible Assets – Customer Base & Contracts			4,410
Intangible Assets – Covenant Not to Compete			120
			11,309
Plus:	Current Assets		939
	Non-Current Assets		261
Less:	Current Liabilities		(278	)
Total Purchase Price		$	12,231

Schedule of Proforma Information

The results of acquired businesses are included in Transcat’s consolidated operating results as of the dates the businesses were acquired. The following unaudited pro forma information presents the Company’s results of operations as if the acquisition of TTE had occurred at the beginning of fiscal year 2020. The pro forma results do not purport to represent what the Company’s results of operations actually would have been if the transaction had occurred at the beginning of the period presented or what the Company’s operating results will be in future periods.

	(Unaudited)
	Quarter Ended
	June 29, 2019
Total Revenue	$	44,420
Net Income	$	1,926
Basic Earnings Per Share	$	0.27
Diluted Earnings Per Share	$	0.26