v3.25.1
Acquisitions (Tables)
3 Months Ended
Apr. 26, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the aggregate consideration paid and the estimated fair value of assets acquired and liabilities assumed for each of the acquisitions described above as of the respective acquisition dates (dollars in millions):
First quarter of fiscal 2025
Second quarter of fiscal 2025Third quarter of fiscal 2025
Assets
Cash and equivalents$3.2 $4.1 $— 
Accounts receivable2.2 3.6 13.3 
Inventories— — 14.8 
Other current assets— 0.2 — 
Property and equipment2.4 5.9 — 
Goodwill3.2 5.4 10.2 
Intangible assets5.4 6.6 130.2 
Other assets— 0.7 3.3 
Total assets16.4 26.5 171.8 
Liabilities
Accounts payable0.1 0.9 11.6 
Other accrued liabilities0.3 0.6 6.9 
Other liabilities— 0.5 2.6 
Total liabilities0.4 2.0 21.1 
Net Assets Acquired$16.0 $24.5 $150.7 
Business Combination, Intangible Asset, Acquired, Finite-Lived
The Company recorded intangible assets for the three acquisitions completed in fiscal 2025 based on its estimate of fair value which consisted of the following (dollars in millions):
Estimated Useful Life (in years)Intangible Assets Acquired
Customer relationships12.0$114.3 
Backlog intangibles (first and second quarter fiscal 2025 acquisitions)0.80.5 
Backlog intangibles (third quarter fiscal 2025 acquisition)2.026.3 
Trade names10.01.1 
Total intangible assets acquired$142.2