| Schedule of tangible and intangible net assets acquired |
|
|
|
|
|
Purchase price
|
$
|
11,395
|
|
|
|
|
|
Accounts receivable, net
|
|
1,448
|
|
Other tangible assets
|
|
864
|
|
Intangible assets
|
|
8,839
|
|
Accounts payable and accrued expenses
|
|
(1,063)
|
|
Total identifiable net assets
|
|
10,088
|
|
Goodwill
|
$
|
1,307
|
|
| Schedule of pro forma information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months ended
|
|
|
Six Months Ended
|
|
|
|
JUNE 29,
|
|
JUNE 30,
|
|
|
JUNE 29,
|
|
JUNE 30,
|
|
|
|
2019
|
|
2018
|
|
|
2019
|
|
2018
|
|
|
Revenue
|
$
|
29,101
|
|
$
|
29,254
|
|
|
$
|
55,588
|
|
$
|
56,166
|
|
|
Pre-tax (loss) income from continuing operations
|
$
|
(4,675)
|
|
$
|
1,431
|
|
|
$
|
8,277
|
|
$
|
(5,405)
|
|
|
Basic and diluted (loss) earnings per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From continuing operations
|
$
|
(2.01)
|
|
$
|
0.63
|
|
|
$
|
3.50
|
|
$
|
(2.39)
|
|
|
Average shares outstanding
|
|
1,715
|
|
|
1,698
|
|
|
|
1,712
|
|
|
1,697
|
|
Per ASC 805, the chart below summaries the comparative financial statements for revenue and earnings as if all the acquired companies occurred at the beginning of the respective period.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months ended
|
|
|
Six Months Ended
|
|
|
JUNE 29,
|
|
JUNE 30,
|
|
|
JUNE 29,
|
|
JUNE 30,
|
|
|
2019
|
|
2018
|
|
|
2019
|
|
2018
|
|
Revenue
|
$
|
33,429
|
|
$
|
31,942
|
|
|
$
|
64,764
|
|
$
|
61,188
|
|
Pre-tax (loss) income from continuing operations
|
$
|
(3,401)
|
|
$
|
2,242
|
|
|
$
|
10,457
|
|
$
|
(4,101)
|
|