v3.26.1
Acquisitions (Tables)
 3 Months Ended
May 02, 2026
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 as of the acquisition date (dollars in millions):
Fiscal 2026
Assets
Cash and equivalents$16.3 
Accounts receivable324.2 
Contract assets18.9 
Other current assets1.8 
Property and equipment8.4 
Goodwill1,124.4 
Intangible assets775.0 
Other assets16.9 
Total assets2,285.9 
Liabilities
Accounts payable56.4 
Contract liabilities116.2 
Other accrued liabilities90.0 
Other liabilities14.6 
Total liabilities277.2 
Net Assets Acquired$2,008.7 
Business Combination, Intangible Asset, Acquired, Finite-Lived
The Company recorded intangible assets 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$580.0 
Backlog intangibles2.0155.0 
Trade names10.040.0 
Total intangible assets acquired$775.0 
Business Combination, Pro Forma Information
The following unaudited supplemental pro forma results of operations for the Company have been provided for illustrative purposes only and may not be indicative of the actual results that would have been achieved by the combined companies for the periods presented or that may be achieved by the combined companies in the future (dollars in thousands).
For the Three Months Ended
May 2, 2026April 26, 2025
Contract revenues$1,964,782 $1,476,535 
Net income91,289 36,655