Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables)

9 Months Ended

Oct. 02, 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): 

	Nine Months Ended
	October 2, 2021		September 26, 2020
Net sales	$	2,472,306	$	1,899,883
Net earnings	407,715		155,067
Net earnings per share:
Basic	$	7.38	$	2.81
Diluted	$	7.21	$	2.81

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		3,740		59,075
Other intangibles	63,201		(4,375)		58,826
Other assets	6,121		52		6,173
Current liabilities	(54,478)		13,037		(41,441)
Long-term deferred tax liability	(123)		387		264
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

Novy

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 values of assets acquired and liabilities assumed (in thousands):

	Preliminary Opening Balance Sheet
Cash	$	16,152
Current assets	23,762
Property, plant and equipment	17,058
Goodwill	142,741
Other intangibles	126,557
Other assets	26
Current liabilities	(23,440)
Long-term deferred tax liability	(33,918)
Other non-current liabilities	(1,930)
Net assets acquired and liabilities assumed	$	267,008

Imperial

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 values of assets acquired and liabilities assumed (in thousands):

	Preliminary Opening Balance Sheet
Cash	$	347
Current assets	8,070
Property, plant and equipment	19,120
Goodwill	42,570
Other intangibles	65,230
Other assets	6
Current liabilities	(7,701)
Net assets acquired and liabilities assumed	$	127,642