Acquisitions and Purchase Accounting (Tables)

6 Months Ended

Jun. 30, 2018

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
	June 30, 2018		July 1, 2017
Net sales	$	1,415,669	$	1,432,093
Net earnings	142,566		129,622

Net earnings per share:
Basic	$	2.57	$	2.27
Diluted	2.57		2.27

CVP Systems [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The final allocation of consideration paid for the CVP Systems acquisition is summarized as follows (in thousands):



	(as initially reported) June 30, 2017			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			(695		)	19,602
Other intangibles	8,700			4,350			13,050
Current liabilities	(1,532		)	(581		)	(2,113		)
Long term deferred tax liability	(3,168		)	(443		)	(3,611		)
Other non-current liabilities	—			(1,833		)	(1,833		)

Net assets acquired and liabilities assumed	$	31,129		$	(728	)	$	30,401

Sveba Dahlen [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition



	(as initially reported) June 30, 2017			Measurement Period Adjustments			(as adjusted) June 30, 2017
Cash	$	4,569		$	—		$	4,569
Current assets	22,686			(997		)	21,689
Property, plant and equipment	9,128			(431		)	8,697
Goodwill	33,785			4,330			38,115
Other intangibles	34,175			225			34,400
Other assets	1,170			(280		)	890
Current portion of long-term debt	—			(14		)	(14		)
Current liabilities	(11,782		)	(342		)	(12,124		)
Long-term debt	—			(140		)	(140		)
Long term deferred tax liability	(7,751		)	(626		)	(8,377		)
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



	(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			(8,083		)	59,093
Other intangibles	43,444			14,086			57,530
Current liabilities	(5,994		)	(398		)	(6,392		)
Long term deferred tax liability	(16,456		)	(4,971		)	(21,427		)
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 $21.4 million. The net liability is comprised of $21.6 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 asset 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



	(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			(27		)	420
Goodwill	30,072			470			30,542
Other intangibles	11,491			—			11,491
Current liabilities	(7,987		)	(28		)	(8,015		)
Long term deferred tax liability	(3,305		)	30			(3,275		)

Consideration paid at closing	$	40,912		$	334		$	41,246

Contingent consideration	751			—			751

Net assets acquired and liabilities assumed	$	41,663		$	334		$	41,997

Hinds-Bock [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition



	(as initially reported) February 16, 2018			Preliminary Measurement Period Adjustments		(as adjusted) February 16, 2018
Cash	$	5		$	—	$	5
Current assets	5,301			—		5,301
Property, plant and equipment	3,557			—		3,557
Goodwill	12,686			—		12,686
Other intangibles	8,081			—		8,081
Current liabilities	(3,800		)	—		(3,800		)

Net assets acquired and liabilities assumed	$	25,830		$	—	$	25,830

VeMaC [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition



	(as initially reported) April 3, 2018
Cash	$	1,833
Current assets	10,722
Property, plant and equipment	389
Goodwill	7,278
Other intangibles	2,584
Other assets	12
Current portion of long-term debt	(1,901		)
Current liabilities	(8,076		)
Long term deferred tax liability	(340		)
Other non-current liabilities	(212		)

Net assets acquired and liabilities assumed	$	12,289

Firex [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition



	(as initially reported) April 27, 2018
Cash	$	10,652
Current assets	7,656
Property, plant and equipment	2,447
Goodwill	36,706
Other intangibles	19,806
Current portion of long-term debt	(1,210		)
Current liabilities	(4,099		)
Long term deferred tax liability	(4,995		)
Long-term debt	(1,069		)
Other non-current liabilities	(1,318		)

Net assets acquired and liabilities assumed	$	64,576

Josper [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition



	(as initially reported) May 10, 2018
Cash	$	3,308
Current assets	6,579
Property, plant and equipment	4,739
Goodwill	27,140
Other intangibles	13,136
Other assets	2
Current portion of long-term debt	(217		)
Current liabilities	(5,146		)
Long-term debt	(1,608		)
Long term deferred tax liability	(2,934		)
Other non-current liabilities	(2,169		)

Consideration paid at closing	$	42,830

Contingent consideration	$	3,454

Net assets acquired and liabilities assumed	$	46,284