Acquisitions (Tables)

12 Months Ended

Dec. 28, 2024

Schedule of Fair Value of the Acquired Assets and Assumed Liabilities as of the Date of Acquisition

The following table represents the fair value of the acquired assets and assumed liabilities as of the date of acquisition (in thousands):


Assets
Cash and cash equivalents	$	30,924
Accounts receivable		870
Prepaid expenses and other current assets		9,422
Property and equipment		45,190
Goodwill		102,375
Intangible assets		22,800
Operating lease right-of-use assets		57,634
Other assets		1,813
Total assets acquired		271,028
Liabilities and Shareholders' Equity
Accounts payable and accrued liabilities		8,551
Deferred revenue		4,726
Other current liabilities		724
Deferred income taxes, net		5,039
Operating lease liabilities - long-term		59,304
Other long-term liabilities		1,638
Total liabilities assumed		79,982
Consideration transferred	$	191,046

Summary of the Valuation Methodologies, Significant Assumptions, and Estimated Useful Lives of Acquired Intangible Assets in Creme School's Acquisition

A summary of the valuation methodologies, significant assumptions, and estimated useful lives of acquired intangible assets in Crème School’s acquisition are provided in the below table (assigned value in thousands):


	Assigned			Discount	Estimated
Intangible Asset	Value		Valuation Methodology	Rate	Useful Life
Trade name	$	19,000	Relief-from-royalty method— income approach	9.00%	15 years
Customer relationships		3,800	Multi-period excess earnings— income approach	9.00%	4 years

Summary of Unaudited Pro Forma Information

The unaudited pro forma results were as follows (in thousands):


	Fiscal Year Ended
	December 31, 2022
Revenue	$	2,253,851
Net income		228,189

KinderCare Learning Companies, Inc. 10-K