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Note 15 - Contingent Consideration
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12 Months Ended | ||
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Dec. 30, 2012
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| Mergers, Acquisitions and Dispositions Disclosures [Text Block] |
Upon
the acquisition of ZF Array on August 31, 2011, the Company
paid $4 million in cash; less cash acquired of $967 and
accrued $2.4 million for contingent consideration. Contingent
consideration is based on financial performance of the
acquired company’s operations for a 24-month period
following the acquisition date, to a maximum of $2.4 million.
Based on the results to date and anticipated future
performance it is evident that the maximum amount will not be
earned; fair value of the contingent consideration liability
was reduced during fiscal 2012 resulting in recognition of a
gain of $650.
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| X | ||||||||||
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- Definition
The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. No definition available.
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