Acquisitions and Purchase Accounting (Tables)

6 Months Ended

Jul. 02, 2016

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 acquisitions, amortization of intangibles associated with the acquisitions, and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data):

	Six Months Ended
	July 2, 2016		July 4, 2015
Net sales	$	1,164,311	$	1,142,066
Net earnings	132,088		89,456
Net earnings per share:
Basic	2.32		1.57
Diluted	2.32		1.57

Follett [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 31, 2016
Cash	$	22,620
Current assets	41,602
Property, plant and equipment	19,868
Goodwill	76,220
Other intangibles	82,450
Other assets	1,358
Current liabilities	(11,779		)
Other non-current liabilities	(616		)
Net assets acquired and liabilities assumed	$	231,723

Thurne [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported) Apr 7, 2015			Measurement Period Adjustments			(as adjusted) Apr 7, 2015
Current assets	$	3,419		$	(275	)	$	3,144
Property, plant and equipment	3,334			—			3,334
Goodwill	609			2,378			2,987
Other intangibles	3,625			(2,024		)	1,601
Current liabilities	(1,115		)	—			(1,115		)
Net assets acquired and liabilities assumed	$	9,872		$	79		$	9,951

Desmon [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported) Jan 7, 2015			Measurement Period Adjustments			(as adjusted) Jan 7, 2015
Cash	$	441		$	(12	)	$	429
Current deferred tax asset	535			—			535
Current assets	8,639			(1,105		)	7,534
Property, plant and equipment	7,989			—			7,989
Goodwill	7,175			53			7,228
Other intangibles	3,129			(899		)	2,230
Current liabilities	(8,668		)	998			(7,670		)
Long-term deferred tax liability	(2,389		)	282			(2,107		)
Other non-current liabilities	(2,463		)	269			(2,194		)
Consideration paid at closing	$	14,388		$	(414	)	$	13,974
Contingent consideration	2,416			(269		)	2,147
Net assets acquired and liabilities assumed	$	16,804		$	(683	)	$	16,121

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

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 final allocation of cash paid for the U-Line acquisition is summarized as follows (in thousands):

	(as initially reported) Nov 5, 2014			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			(8,000		)	81,501
Other intangibles	57,500			17,700			75,200
Current liabilities	(6,032		)	(1,973		)	(8,005		)
Long-term deferred tax liability	(13,095		)	(4,657		)	(17,752		)
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 final allocation of cash paid for the Goldstein acquisition is summarized as follows (in thousands):

	(as initially reported) Jan 30, 2015			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			(2,727		)	5,766
Other intangibles	5,648			3,113			8,761
Current liabilities	(1,806		)	(202		)	(2,008		)
Other non-current liabilities	(1,655		)	(184		)	(1,839		)
Consideration paid at closing	$	27,406		$	—		$	27,406
Contingent consideration	1,655			183			1,838
Net assets acquired and liabilities assumed	$	29,061		$	183		$	29,244

Marsal [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported) Feb 10, 2015			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

acquisition is summarized as follows (in thousands):

	(as initially reported) May 30, 2015			Measurement Period Adjustments			(as adjusted) May 30, 2015
Current assets	$	1,705		$	(325	)	$	1,380
Property, plant and equipment	536			353			889
Goodwill	13,496			(979		)	12,517
Other intangibles	1,500			(300		)	1,200
Other assets	32			(32		)	—
Current liabilities	(854		)	854			—
Other non-current liabilities	(5,793		)	586			(5,207		)
Consideration paid at closing	$	10,622		$	157		$	10,779
Deferred payment	1,516			(44		)	1,472
Contingent consideration	4,276			(541		)	3,735
Net assets acquired and liabilities assumed	$	16,414		$	(428	)	$	15,986

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			Preliminary Measurement Period Adjustments			(as adjusted) Sep 23, 2015
Cash	$	15,316		$	984		$	16,300
Current assets	163,216			(9,105		)	154,111
Property, plant and equipment	61,423			(210		)	61,213
Goodwill	144,645			(21,957		)	122,688
Other intangibles	190,000			30,000			220,000
Deferred tax asset	5,306			(5,306		)	—
Other assets	1,573			289			1,862
Current portion long-term debt	(30,703		)	—			(30,703		)
Current liabilities	(147,279		)	(7,237		)	(154,516		)
Long term debt	(138		)	—			(138		)
Long-term deferred tax liability	—			(143		)	(143		)
Other non-current liabilities	(202,312		)	12,685			(189,627		)
Net assets acquired and liabilities assumed	$	201,047		$	—		$	201,047

Lynx [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

he 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) Dec 15, 2015			Preliminary Measurement Period Adjustments			(as adjusted) Dec 15, 2015
Cash	$	276		$	—		$	276
Current deferred tax asset	467			—			467
Current assets	18,630			(296		)	18,334
Property, plant and equipment	1,690			—			1,690
Goodwill	42,502			1,526			44,028
Other intangibles	39,800			—			39,800
Other assets	130			—			130
Current liabilities	(6,208		)	—			(6,208		)
Long term deferred tax liability	(12,589		)	—			(12,589		)
Other non-current liabilities	(666		)	(1,230		)	(1,896		)
Net assets acquired and liabilities assumed	$	84,032		$	—		$	84,032

Emico [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 20, 2016
Current assets	$	746
Goodwill	1,816
Current liabilities	(934		)
Other non-current liabilities	(628		)
Consideration paid at closing	$	1,000
Deferred payments	1,559
Net assets acquired and liabilities assumed	$	2,559