BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 27, 2024

Schedule of Preliminary consideration for the acquisition


	Enica
	(in thousands)
Cash consideration	$	7,364
Other working capital adjustments and holdbacks⁽¹⁾		4,847
Contingent consideration		4,060
Total consideration	$	16,271

(1)

Of which $3.5 million is included within accrued liabilities in the Company’s consolidated balance sheet and the remainder is included within accounts payable in the Company’s consolidated balance sheet.

Schedule of acquired assets recorded at their estimated fair value as of the acquisition date


	Enica
	(in thousands)
Current assets	$	2,358
Non-current assets ⁽¹⁾		69
Right-of-use assets		652
Liabilities		(658)
Lease liability		(652)
Backlog		576
Customer relationships		3,892
Tradename		187
Goodwill		9,847
Net assets acquired	$	16,271

(1)

Excluded from non-current assets are right-of-use assets, backlog, customer relationships, tradename, and goodwill.

Schedule of unaudited pro forma financial information


	Fiscal Year
	2024		2023
	(in thousands, except per share data)
	(Unaudited)
Pro forma revenue	$	573,835	$	518,521

Pro forma income (loss) from operations	$	33,633	$	24,079
Pro forma net income (loss)⁽¹⁾	$	24,499	$	12,427

Income (Loss) per share:
Basic	$	1.77	$	0.93
Diluted	$	1.72	$	0.91

Weighted average shares outstanding:
Basic		13,818		13,394
Diluted		14,245		13,606

(1)

Adjustments to pro forma net income include income from operations, amortization and interest expenses.

Willdan Group, Inc. 10-K