Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables)

6 Months Ended

Jul. 02, 2022

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The 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 2, 2022		July 3, 2021
Net sales	$	2,050,391	$	1,872,787
Net earnings	228,005		198,626
Net earnings per share:
Basic	$	4.20	$	3.60
Diluted	$	4.11	$	3.53

Kamado Joe and Masterbuilt

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		Preliminary Measurement Period Adjustments		Adjusted Opening Balance Sheet
Cash	$	5,381	$	(70)	$	5,311
Current assets	137,826		(4,707)		133,119
Property, plant and equipment	7,773		(382)		7,391
Goodwill	110,052		8,793		118,845
Other intangibles	215,577		—		215,577
Other assets	2,143		(1,174)		969
Current liabilities	(54,865)		(3,406)		(58,271)
Long-term deferred tax liability	(15,907)		—		(15,907)
Other non-current liabilities	(1,914)		946		(968)
Net assets acquired and liabilities assumed	$	406,066	$	—	$	406,066

2021 Acquisitions

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2021 acquisitions and are summarized as follows (in thousands):

	Preliminary Opening Balance Sheet		Preliminary Measurement Period Adjustments		Adjusted Opening Balance Sheet
Cash	$	6,414	$	—	$	6,414
Current assets	76,077		477		76,554
Property, plant and equipment	19,561		(187)		19,374
Goodwill	85,270		9,854		95,124
Other intangibles	158,725		(9,193)		149,532
Other assets	2,101		31		2,132
Current liabilities	(33,910)		53		(33,857)
Long-term deferred tax asset (liability)	(3,010)		3,381		371
Other non-current liabilities	(7,092)		(3,397)		(10,489)
Consideration paid at closing	$	304,136	$	1,019	$	305,155
Contingent consideration	9,404		—		9,404
Net assets acquired and liabilities assumed	$	313,540	$	1,019	$	314,559

2022 Acquisitions

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2022 acquisitions and are summarized as follows (in thousands):

	Preliminary Opening Balance Sheet		Preliminary Measurement Period Adjustments		Adjusted Opening Balance Sheet
Cash	$	8,516	$	—	$	8,516
Current assets	43,396		18		43,414
Property, plant and equipment	32,283		(93)		32,190
Goodwill	16,891		2,123		19,014
Other intangibles	21,208		1,307		22,515
Long-term deferred tax asset	426		—		426
Other assets	496		—		496
Current portion of long-term debt	(21,934)		—		(21,934)
Current liabilities	(11,353)		39		(11,314)
Long term debt	(4,522)		—		(4,522)
Long-term deferred tax liability	(6,890)		—		(6,890)
Other non-current liabilities	(628)		(3,394)		(4,022)
Consideration paid at closing	$	77,889	$	—	$	77,889
Contingent consideration	—		3,394		3,394
Net assets acquired and liabilities assumed	$	77,889	$	3,394	$	81,283