Hillman Solutions Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Acquisitions Acquisition (Tables)

Acquisitions Acquisition (Tables)

9 Months Ended

Sep. 28, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table reconciles the final fair value of the acquired assets and assumed liabilities (net of purchase price accounting adjustments) to the total purchase price of the MinuteKey acquisition:



Cash	$	1,791
Inventory	3,952
Other current assets	766
Property and equipment	29,888
Goodwill	59,237
Customer relationships	50,000
Technology	19,000
Trade names	5,400
Other non-current assets	16
Total assets acquired	170,050
Less:
Liabilities assumed	(13,761		)
Total purchase price	$	156,289



Cash	$	2,507
Accounts receivable	40,828
Inventory	40,216
Other current assets	1,623
Property and equipment	3,703
Goodwill	130,863
Customer relationships	189,000
Trade names	21,000
Other non-current assets	159
Total assets acquired	429,899
Less:
Liabilities assumed	(81,065		)
Total purchase price	$	348,834

Business Acquisition, Pro Forma Information

The following table provides unaudited pro forma results of the combined entities of Hillman and Big Time Products, had the acquisition occurred at the beginning of fiscal 2018:




	Thirteen weeks ended September 29, 2018		Thirty-nine weeks ended September 29, 2018
Net revenues	297,334		862,975
Net loss	(10,550	)	(39,892	)