Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.21.2
Acquisition (Tables)
 6 Months Ended
Jul. 01, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Fair Values of the Components of the Purchase Price
The following table summarizes the fair values of the components of the purchase price as of the acquisition date:
in thousands
Cash paid at closing, net of cash acquired $ 63,354 
Cash paid after closing based on final working capital adjustments 213 
Floor and Decor Class A common stock 5,000 
Contingent consideration 9,090 
Total purchase price $ 77,657 
Schedule of the Estimated Preliminary Fair Values of the Assets Acquired and Liabilities Assumed
The following table summarizes the estimated preliminary fair values of the assets acquired and liabilities assumed at the acquisition date:
in thousands Fair Value
Current assets $ 16,467 
Fixed assets, net
 970 
Right-of-use assets 3,300 
Intangible assets, net 44,400 
Goodwill 28,026 
Total assets acquired $ 93,163 
Current liabilities $ 12,393 
Lease liabilities 2,725 
Other liabilities 388 
Total liabilities assumed $ 15,506 
Net assets acquired $ 77,657 
Schedule of the Preliminary Estimated Fair Values and Estimated Remaining Useful Lives of Identifiable Intangible Assets Following are the preliminary estimated fair values and estimated remaining useful lives of identifiable intangibles assets as of the acquisition date:
in thousands Useful Life (Years) Preliminary Fair Value
Intangible assets:
Customer relationships 12 $ 34,900 
Trademark/trade name Indefinite $ 9,200 
Non-compete agreement
 5 $ 300 
Identifiable intangible assets $ 44,400