Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables)

6 Months Ended

Jul. 03, 2021

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The following pro forma results include adjustments to reflect 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): 

	Six Months Ended
	July 3, 2021		June 27, 2020
Net sales	$	1,566,831	$	1,172,900
Net earnings	213,641		88,341
Net earnings per share:
Basic	$	3.87	$	1.60
Diluted	$	3.79	$	1.60

2020 Acquisitions

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the 2020 acquisitions and are summarized as follows (in thousands):

	Preliminary Opening Balance Sheet		Preliminary Measurement Period Adjustments		Adjusted Opening Balance Sheet
Cash	$	14,647	$	—	$	14,647
Current assets	43,670		(13,391)		30,279
Property, plant and equipment	3,014		(241)		2,773
Goodwill	55,335		4,124		59,459
Other intangibles	63,201		(4,375)		58,826
Other assets	6,121		52		6,173
Current liabilities	(54,478)		13,040		(41,438)
Long-term deferred tax liability	(123)		—		(123)
Other non-current liabilities	(21,902)		791		(21,111)
Consideration paid at closing	$	109,485	$	—	$	109,485
Deferred payments	8,666		(468)		8,198
Contingent consideration	16,144		(836)		15,308
Net assets acquired and liabilities assumed	$	134,295	$	(1,304)	$	132,991