Helios Technologies Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Business Acquisition (Tables)

v3.22.0.1

Business Acquisition (Tables)

12 Months Ended

Jan. 01, 2022

Components of Fair Value of Total Purchase Consideration

The fair value of total purchase consideration consisted of the following:


Cash	$	224,158
Receivable from sellers		(559	)
Acquisition date fair value of contingent consideration		2,540
Total purchase consideration		226,139
Less: cash acquired		(6,021	)
Total purchase consideration, net of cash acquired	$	220,118

Schedule of Allocation of Total Purchase Price, Net of Cash Acquired

The allocation of the total purchase price, net of cash acquired, is as follows:


Accounts receivable	$	28,328
Inventories		24,807
Property, plant and equipment		12,480
Goodwill		76,540
Intangible assets		128,000
Other assets		12,233
Total assets acquired		282,388
Accounts payable		17,840
Other accrued expenses and current liabilities		10,221
Deferred income taxes		23,647
Other noncurrent liabilities		10,562
Total liabilities assumed		62,270
Fair value of net assets acquired	$	220,118

Schedule of Preliminary Fair Value of Identified Intangible Assets and Useful Lives

The fair value of identified intangible assets and their respective useful lives are as follows:


	Fair Value		Weighted- Average Amortization Periods (Yrs)
Trade name	$	22,000		18
Technology		13,000		8
Customer relationships		85,000		25
Sales order backlog		8,000		0.5
Identified intangible assets	$	128,000		21

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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