Acquisitions and Purchase Accounting (Tables)

3 Months Ended

Mar. 31, 2018

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): 

	Three Months Ended
	March 31, 2018		April 1, 2017
Net sales	$	587,242	$	597,078
Net earnings	67,081		65,750
Net earnings per share:
Basic	1.21		1.15
Diluted	1.21		1.15

Burford [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported) May 1, 2017			Measurement Period Adjustments			(as adjusted) May 1, 2017
Cash	$	2,514		$	—		$	2,514
Current assets	6,424			104			6,528
Property, plant and equipment	656			(13		)	643
Goodwill	7,289			774			8,063
Other intangibles	4,900			1,840			6,740
Current liabilities	(2,254		)	(924		)	(3,178		)
Long term deferred tax liability	(1,840		)	450			(1,390		)
Other non-current liabilities	—			(2,580		)	(2,580		)
Net assets acquired and liabilities assumed	$	17,689		$	(349	)	$	17,340

CVP [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) June 30, 2017			Preliminary Measurement Period Adjustments			(as adjusted) June 30, 2017
Cash	$	621		$	—		$	621
Current assets	5,973			(1,435		)	4,538
Property, plant and equipment	238			(91		)	147
Goodwill	20,297			432			20,729
Other intangibles	8,700			4,350			13,050
Current liabilities	(1,532		)	(514		)	(2,046		)
Long term deferred tax liability	(3,168		)	(633		)	(3,801		)
Other non-current liabilities	—			(2,362		)	(2,362		)
Net assets acquired and liabilities assumed	$	31,129		$	(253	)	$	30,876

Sveba Dahlen [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) June 30, 2017			Preliminary Measurement Period Adjustments			(as adjusted) June 30, 2017
Cash	$	4,569		$	—		$	4,569
Current assets	22,686			(744		)	21,942
Property, plant and equipment	9,128			(332		)	8,796
Goodwill	33,785			(2,898		)	30,887
Other intangibles	34,175			7,775			41,950
Other assets	1,170			(3		)	1,167
Current portion of long-term debt	—			(14		)	(14		)
Current liabilities	(11,782		)	681			(11,101		)
Long-term debt	—			(140		)	(140		)
Long term deferred tax liability	(7,751		)	(2,600		)	(10,351		)
Other non-current liabilities	(42		)	(1,725		)	(1,767		)
Net assets acquired and liabilities assumed	$	85,938		$	—		$	85,938

QualServ [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) August 31, 2017			Preliminary Measurement Period Adjustments			(as adjusted) August 31, 2017
Cash	$	1,130		$	—		$	1,130
Current assets	18,031			(64		)	17,967
Property, plant and equipment	4,785			—			4,785
Goodwill	14,590			(59		)	14,531
Other intangibles	9,600			—			9,600
Current liabilities	(6,810		)	(130		)	(6,940		)
Net assets acquired and liabilities assumed	$	41,326		$	(253	)	$	41,073

Globe [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) October 17, 2017			Preliminary Measurement Period Adjustments			(as adjusted) October 17, 2017
Cash	$	3,420		$	—		$	3,420
Current assets	17,197			—			17,197
Property, plant and equipment	1,120			—			1,120
Goodwill	67,176			1,032			68,208
Other intangibles	43,444			—			43,444
Current liabilities	(5,994		)	(398		)	(6,392		)
Long term deferred tax liability	(16,456		)	—			(16,456		)
Other non-current liabilities	(1,907		)	(193		)	(2,100		)
Net assets acquired and liabilities assumed	$	108,000		$	441		$	108,441

The long term deferred tax liability amounted to $16.5 million. The net liability is comprised of $16.3 million of deferred tax liability related to the difference between the book and tax basis of identifiable intangible assets and $0.2 million of deferred tax liability related to the difference between the book and tax basis on identifiable tangible asset and liability accounts.

Scanico [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) December 7, 2017			Preliminary Measurement Period Adjustments			(as adjusted) December 7, 2017
Cash	$	6,766		$	—		$	6,766
Current assets	3,428			(111		)	3,317
Property, plant and equipment	447			(26		)	421
Goodwill	30,072			136			30,208
Other intangibles	11,491			—			11,491
Current liabilities	(7,987		)	(29		)	(8,016		)
Long term deferred tax liability	(3,305		)	30			(3,275		)
Consideration paid at closing	$	40,912		$	—		$	40,912
Contingent consideration	751			—			751
Net assets acquired and liabilities assumed	$	41,663		$	—		$	41,663

Hinds-Bock [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) February 16, 2018
Cash	$	5
Current assets	5,301
Property, plant and equipment	3,557
Goodwill	12,686
Other intangibles	8,081
Current liabilities	(3,800		)
Net assets acquired and liabilities assumed	$	25,830