BUSINESS ACQUISITIONS (Tables)

3 Months Ended

Jun. 26, 2021

Business Acquisition [Line Items]

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 acquisitions of Upstate Metrology and BioTek had occurred at the beginning of fiscal year 2021. The pro forma results do not purport to represent what the Company’s results of operations actually would have been if the transactions had occurred at the beginning of the period presented or what the Company’s operating results will be in future periods.

	(Unaudited)
	Quarter Ended
(in thousands except per share information)	June 26, 2021		June 27, 2020
Total Revenue	$	47,889	$	39,622
Net Income	$	3,659	$	816
Basic Earnings Per Share	$	0.49	$	0.11
Diluted Earnings Per Share	$	0.48	$	0.11

BioTek Services, Inc. [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The total purchase price paid for the assets of BioTek was approximately $3.5 million. $0.4 million of the purchase price has been put into escrow as a holdback for indemnification claims, if any. The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 inputs, of BioTek’s assets and liabilities acquired during the period presented (in thousands):

Goodwill		$	1,063
Intangible Assets – Customer Base & Contracts			1,930
Intangible Assets – Covenant Not to Compete			100
			3,093
Plus:	Current Assets		406
	Non-Current Assets		8
Total Purchase Price		$	3,507

Upstate Metrology [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The total purchase price paid for the assets of Upstate Metrology was approximately $0.9 million. The following is a summary of the purchase price allocation, in the aggregate, to the fair value, based on Level 3 inputs, of Upstate Metrology’s assets and liabilities acquired during the period presented (in thousands):

Goodwill		$	483
Plus:	Current Assets		189
	Non-Current Assets		270
Less:	Current Liabilities		(11	)
Total Purchase Price		$	931