Acquisitions (Tables)

3 Months Ended

Apr. 01, 2017

Schedule of Net Purchase Price Allocated to Assets Acquired and Liabilities Assumed

The net purchase price was allocated to assets acquired and liabilities assumed based on estimated fair values at the date of the acquisition as follows:


Current assets	$	7,184
Property, plant and equipment		13,821
Other intangibles:
Customer relationships (15-year estimated useful life)		17,682
Trade name (20-year weighted average life)		12,910
Non-compete agreements (useful lives of between 3 and 5 years)		1,110
Goodwill		30,685
Deferred tax liabilities		(13,958	)
Assumed liabilities		(7,115	)

Net assets acquired	$	62,319

Summary of Supplemental Pro Forma Financial Information

Pro forma information for 1^st Quarter 2016 as if the acquisition had occurred prior to January 2, 2016 is presented in the following table:


Net sales	$	407,657
Net income	$	17,280