Annual report pursuant to Section 13 and 15(d)

Note 16 - Acquisition of MC Assembly (Tables)

v3.20.1
Note 16 - Acquisition of MC Assembly (Tables)
12 Months Ended
Dec. 29, 2019
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
 
         
Assets
 
 
 
 
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
 
         
Liabilities
 
 
 
 
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]
   
Period ended
December 30, 2018
 
Revenue
  $
23,530
 
Net income
   
1,667
 
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
   
(11,044
)    
(16,682
)