Acquisitions and Purchase Accounting (Tables)

9 Months Ended

Oct. 03, 2015

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

The following pro forma results include adjustments to reflect additional interest expense to fund the acquisition, amortization of intangibles associated with the acquisition, and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data):

	October 3, 2015		September 27, 2014
Net sales	$	1,578,911	$	1,270,340
Net earnings	133,919		148,114
Net earnings per share:
Basic	2.35		2.60
Diluted	2.35		2.60

Thurne [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):

	(as initially reported) Apr 7, 2015			Preliminary Measurement Period Adjustments		(as adjusted) Apr 7, 2015
Current assets	$	3,419		$	—	$	3,419
Property, plant and equipment	3,334			—		3,334
Goodwill	609			—		609
Other intangibles	3,625			—		3,625
Current liabilities	(1,115		)	—		(1,115		)
Net assets acquired and liabilities assumed	$	9,872		$	—	$	9,872

Desmon [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):

	(as initially reported) Jan 7, 2015			Preliminary Measurement Period Adjustments			(as adjusted) Jan 7, 2015
Cash	$	441		$	—		$	441
Current deferred tax asset	535			—			535
Current assets	8,639			(418		)	8,221
Property, plant and equipment	7,989			—			7,989
Goodwill	7,175			676			7,851
Other intangibles	3,129			—			3,129
Current liabilities	(8,668		)	(46		)	(8,714		)
Long-term deferred tax liability	(2,389		)	—			(2,389		)
Other non-current liabilities	(2,463		)	(212		)	(2,675		)
Consideration paid at closing	$	14,388		$	—		$	14,388
Contingent consideration	2,416			212			2,628
Net assets acquired and liabilities assumed	$	16,804		$	212		$	17,016

PES [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The final allocation of cash paid for the PES acquisition is summarized as follows (in thousands):

	(as initially reported) Mar 31, 2014			Measurement Period Adjustments			(as adjusted) Mar 31, 2014
Current assets	$	2,211		$	(153	)	$	2,058
Property, plant and equipment	3,493			—			3,493
Goodwill	10,792			332			11,124
Other intangibles	1,600			18			1,618
Other assets	21			(21		)	—
Current liabilities	(816		)	—			(816		)
Other non-current liabilities	(2,301		)	(176		)	(2,477		)
Consideration paid at closing	$	15,000		$	—		$	15,000
Contingent consideration	2,301			176			2,477
Net assets acquired and liabilities assumed	$	17,301		$	176		$	17,477

Viking Range Corporation [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The final allocation of cash paid for the Viking acquisition is summarized as follows (in thousands): 

	(as initially reported) Dec 31, 2012			Measurement Period Adjustments			(as adjusted) Dec 31, 2012
Cash	$	6,900		$	(121	)	$	6,779
Current assets	40,794			(2,385		)	38,409
Property, plant and equipment	76,693			(20,446		)	56,247
Goodwill	144,833			(32,752		)	112,081
Other intangibles	152,500			44,500			197,000
Other assets	12,604			865			13,469
Current liabilities	(52,202		)	(886		)	(53,088		)
Other non-current liabilities	(2,386		)	(1		)	(2,387		)
Net assets acquired and liabilities assumed	$	379,736		$	(11,226	)	$	368,510

Distributors [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

for the Viking Distributors 2013 is summarized as follows (in thousands): 

	(as initially reported) Jun 29, 2013			Measurement Period Adjustments			(as adjusted) Jun 29, 2013
Current assets	$	21,390		$	(3,599	)	$	17,791
Property, plant and equipment	1,318			—			1,318
Goodwill	1,709			3,599			5,308
Current liabilities	(804		)	—			(804		)
Net assets acquired and liabilities assumed	$	23,613		$	—		$	23,613
Forgiveness of liabilities owed to Viking	(8,697		)	—			(8,697		)
Consideration paid at closing	$	14,916		$	—		$	14,916

Celfrost [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The final allocation of cash paid for the Celfrost acquisition is summarized as follows (in thousands):

	(as initially reported) Oct 15, 2013			Measurement Period Adjustments			(as adjusted) Oct 15, 2013
Current assets	$	5,638		$	(124	)	$	5,514
Property, plant and equipment	182			—			182
Goodwill	5,943			1,718			7,661
Other intangibles	4,333			—			4,333
Other assets	4			—			4
Current liabilities	(3,979		)	(1,594		)	(5,573		)
Other non-current liabilities	(875		)	—			(875		)
Consideration paid at closing	$	11,246		$	—		$	11,246
Deferred payments	1,067			—			1,067
Net assets acquired and liabilities assumed	$	12,313		$	—		$	12,313

Wunder-Bar [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The final allocation of cash paid for the Wunder-Bar acquisition is summarized as follows (in thousands):

	(as initially reported) Dec 17, 2013			Measurement Period Adjustments			(as adjusted) Dec 17, 2013
Cash	$	857		$	—		$	857
Current deferred tax asset	50			188			238
Current assets	13,127			656			13,783
Property, plant and equipment	1,735			(312		)	1,423
Goodwill	45,056			(3,251		)	41,805
Other intangibles	30,000			3,060			33,060
Other assets	—			290			290
Current liabilities	(5,013		)	865			(4,148		)
Long-term deferred tax liability	(10,811		)	(1,280		)	(12,091		)
Other non-current liabilities	(1		)	(365		)	(366		)
Consideration paid at closing	$	75,000		$	(149	)	$	74,851
Additional assets acquired post closing	—			848			848
Deferred payments	—			586			586
Net assets acquired and liabilities assumed	$	75,000		$	1,285		$	76,285

Market Forge [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The final allocation of cash paid for the Market Forge acquisition is summarized as follows (in thousands):

	(as initially reported) Jan 7, 2014			Measurement Period Adjustments			(as adjusted) Jan 7, 2014
Current assets	$	2,051		$	(100	)	$	1,951
Property, plant and equipment	120			—			120
Goodwill	5,252			654			5,906
Other intangibles	4,191			—			4,191
Current liabilities	(4,374		)	(554		)	(4,928		)
Consideration paid at closing	$	7,240		$	—		$	7,240
Deferred payments	3,000			—			3,000
Contingent consideration	1,374			126			1,500
Net assets acquired and liabilities assumed	$	11,614		$	126		$	11,740

Distributors 2014 [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The final allocation of cash paid for the Viking Distributors 2014 acquisition is summarized as follows (in thousands):

	(as initially reported) Jan 31, 2014			Measurement Period Adjustments			(as adjusted) Jan 31, 2014
Current assets	$	35,909		$	(8,101	)	$	27,808
Property, plant and equipment	2,000			(291		)	1,709
Goodwill	7,552			8,647			16,199
Current liabilities	(1,005		)	(255		)	(1,260		)
Net assets acquired and liabilities assumed	$	44,456		$	—		$	44,456
Forgiveness of liabilities owed to Viking	(5,971		)	—			(5,971		)
Consideration paid at closing	$	38,485		$	—		$	38,485

Concordia [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

:

	(as initially reported) Sep 8, 2014			Measurement Period Adjustments			(as adjusted) Sep 8, 2014
Cash	$	345		$	—		$	345
Current deferred tax asset	—			726			726
Current assets	3,767			(497		)	3,270
Goodwill	11,255			(5,720		)	5,535
Other intangibles	4,500			(1,200		)	3,300
Long-term deferred tax asset	—			3,264			3,264
Current liabilities	(2,296		)	(842		)	(3,138		)
Other non-current liabilities	(4,710		)	4,189			(521		)
Consideration paid at closing	$	12,861		$	(80	)	$	12,781
Contingent consideration	4,710			(4,189		)	521
Net assets acquired and liabilities assumed	$	17,571		$	(4,269	)	$	13,302

ULine [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):

	(as initially reported) Nov 5, 2014			Preliminary Measurement Period Adjustments			(as adjusted) Nov 5, 2014
Cash	$	12,764		$	—		$	12,764
Current deferred tax asset	657			114			771
Current assets	12,237			—			12,237
Property, plant and equipment	3,376			—			3,376
Goodwill	89,501			7,170			96,671
Other intangibles	57,500			(6,800		)	50,700
Current liabilities	(6,032		)	(1,973		)	(8,005		)
Long-term deferred tax liability	(13,095		)	4,673			(8,422		)
Other non-current liabilities	(2,111		)	(3,459		)	(5,570		)
Net assets acquired and liabilities assumed	$	154,797		$	(275	)	$	154,522

GoldsteinEswood [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):

	(as initially reported) Jan 30, 2015			Preliminary Measurement Period Adjustments			(as adjusted) Jan 30, 2015
Current assets	$	8,036		$	—		$	8,036
Property, plant and equipment	8,690			—			8,690
Goodwill	8,493			133			8,626
Other intangibles	5,648			—			5,648
Current liabilities	(1,806		)	—			(1,806		)
Other non-current liabilities	(1,655		)	(133		)	(1,788		)
Consideration paid at closing	$	27,406		$	—		$	27,406
Contingent consideration	1,655			133			1,788
Net assets acquired and liabilities assumed	$	29,061		$	133		$	29,194

Marsal [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):

	(as initially reported) Feb 10, 2015			Preliminary Measurement Period Adjustments			(as adjusted) Feb 10, 2015
Current assets	$	455		$	—		$	455
Property, plant and equipment	201			(6		)	195
Goodwill	3,012			6			3,018
Other intangibles	2,027			—			2,027
Current liabilities	(195		)	—			(195		)
Net assets acquired and liabilities assumed	$	5,500		$	—		$	5,500

Induc [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):

	(as initially reported) May 30, 2015			Preliminary Measurement Period Adjustments			(as adjusted) May 30, 2015
Current assets	$	1,705		$	(342	)	$	1,363
Property, plant and equipment	536			255			791
Goodwill	13,496			(2,590		)	10,906
Other intangibles	1,500			812			2,312
Other assets	32			(32		)	—
Current liabilities	(854		)	854			—
Other non-current liabilities	(5,793		)	1,043			(4,750		)
Consideration paid at closing	$	10,622		$	—		$	10,622
Deferred payment	1,516			(165		)	1,351
Contingent consideration	4,276			(878		)	3,398
Net assets acquired and liabilities assumed	$	16,414		$	(1,043	)	$	15,371

Aga [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):

	(as initially reported) Sep 23, 2015
Cash	$	15,316
Current assets	163,216
Property, plant and equipment	61,423
Goodwill	144,645
Other intangibles	190,000
Long-term deferred tax asset	5,306
Other assets	1,573
Current maturities of long-term debt	(30,703		)
Current liabilities	(147,279		)
Long-term debt	(138		)
Other non-current liabilities	(202,312		)
Net assets acquired and liabilities assumed	$	201,047