Subsequent Events	6 Months Ended
Jul. 02, 2021
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events On July 9, 2021, the Company signed a purchase and sale agreement to acquire Schneider Electric Motion USA, Inc. (“SEM”), a Marlborough, Connecticut-based manufacturer of integrated stepper motors and electronic controls for automation equipment for a total purchase price of $115 million in cash, subject to customary closing and net working capital adjustments. The transaction is subject to customary regulatory approvals and closing conditions and is anticipated to close in the third quarter of fiscal year 2021. SEM will be included in our Precision Motion reportable segment. On July 18, 2021, the Company signed a purchase and sale agreement to acquire ATI Industrial Automation Inc. (“ATI”), an Apex, North Carolina-based developer and manufacturer of robotic end-of-arm tooling for an initial purchase price of $172 million upfront in cash and additional contingent cash payments associated with 2021 financial performance. The transaction is subject to customary regulatory approvals and closing conditions and is anticipated to close in the third quarter of fiscal year 2021. ATI will be included in our Precision Motion reportable segment.

Subsequent Events

6 Months Ended

Jul. 02, 2021

16. Subsequent Events

On July 9, 2021, the Company signed a purchase and sale agreement to acquire Schneider Electric Motion USA, Inc. (“SEM”), a Marlborough, Connecticut-based manufacturer of integrated stepper motors and electronic controls for automation equipment for a total purchase price of $115 million in cash, subject to customary closing and net working capital adjustments. The transaction is subject to customary regulatory approvals and closing conditions and is anticipated to close in the third quarter of fiscal year 2021. SEM will be included in our Precision Motion reportable segment.

On July 18, 2021, the Company signed a purchase and sale agreement to acquire ATI Industrial Automation Inc. (“ATI”), an Apex, North Carolina-based developer and manufacturer of robotic end-of-arm tooling for an initial purchase price of $172 million upfront in cash and additional contingent cash payments associated with 2021 financial performance. The transaction is subject to customary regulatory approvals and closing conditions and is anticipated to close in the third quarter of fiscal year 2021. ATI will be included in our Precision Motion reportable segment.