Annual report pursuant to Section 13 and 15(d)

Note 2 - Acquisition of MC Assembly (Tables)

v3.19.1
Note 2 - Acquisition of MC Assembly (Tables)
12 Months Ended
Dec. 30, 2018
Notes Tables  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
Purchase price – cash
  $
63,498
 
Contingent consideration payable
   
3,050
 
Working capital adjustment - cash
   
1,052
 
Total purchase consideration
  $
67,600
 
Business Combination, Separately Recognized Transactions [Table Text Block]
   
Fair Value
 
Fair value consideration transferred
  $
67,600
 
         
A
ssets
 
 
 
 
Accounts receivable
   
19,863
 
Inventories
   
22,813
 
Unbilled contract assets
   
12,136
 
Prepaids and other assets
   
2,523
 
Property, plant and equipment
   
16,030
 
Intangible assets
   
21,000
 
Goodwill
   
18,165
 
Total assets
   
112,530
 
         
L
iabilities
 
 
 
 
Accounts payable
   
27,795
 
Accrued liabilities
   
3,297
 
Contingent consideration
   
3,050
 
Capital lease obligation
   
10,788
 
         
Total liabilities
   
44,930
 
         
         
Net
assets
acquired
   
67,600
 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
Intangible Assets
 
 
   
Estimated
useful life
(years)
 
                 
Customer relationships
   
12,350
     
10
 
Order backlog
   
6,990
     
1.5
 
Trade name
   
1,300
     
1
 
Non-compete agreements
   
360
     
2
 
                 
Total intangible assets
   
21,000
     
 
 
Business Combination, Revenue [Table Text Block] <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; margin-left: 72pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:7.5pt;margin-top:0pt;text-align:center;">Period ended</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:7.5pt;margin-top:0pt;text-align:center;">December 30, 2018</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 81%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Revenue</div> </td> <td style="width: 1%; border-bottom: 1px none rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; border-bottom: 1px none rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; border-bottom: 1px none rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">23,530</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px none rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Net income</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 16%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: right;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,667</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div>
Business Acquisition, Pro Forma Information [Table Text Block]
   
Year ended December
30, 2018
   
Year ended December
31, 2017
 
Pro forma revenue
  $
345,194
    $
281,493
 
Pro forma net loss
   
(7,809)
     
(16,682)