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)

v3.8.0.1

Business Acquisition (Tables)

12 Months Ended

Dec. 30, 2017

Business Combinations [Abstract]

Components of Fair Value of Total Purchase Consideration

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

Cash	$	201,020
Fair value of contingent consideration		41,391
Post-closing adjustment for working capital		500
Total purchase consideration		242,911
Less: cash acquired		(964	)
Total purchase consideration, net of cash acquired	$	241,947

Schedule of Preliminary 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	$	9,502
Inventories		16,979
Other current assets		176
Property, plant and equipment		10,546
Goodwill		103,671
Intangible assets		108,070
Other assets		8
Total assets acquired		248,952
Accounts payable		(3,260	)
Accrued expenses and other liabilities		(3,745	)
Total liabilities assumed		(7,005	)
Fair value of net assets acquired	$	241,947

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)
Brands	$	30,000		20
Non-compete Agreements		950		5
Technology		17,500		9
Supply Agreement		21,000		10
Sales Order Backlog		620		1
Customer Relationships		38,000		20
Identified intangible assets	$	108,070		16

Summary of Pro forma Financial Information

Consequently, actual results will differ from the unaudited pro forma information presented below:

	2016		2015
Net sales	$	277,706	$	283,525
Operating income		47,673		57,193
Net income		31,064		37,083
Basic and diluted net income per common share		1.16		1.39

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
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- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
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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.

+ References

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-SubTopic 20
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-Paragraph 1
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