ACQUISITIONS AND PURCHASE ACCOUNTING (Tables)

12 Months Ended

Dec. 31, 2011

Business Acquisition, Pro Forma Information

The following pro forma results include adjustments to reflect additional interest expense to fund the acquisition, 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:

	Dec 31, 2011		Jan 1, 2011
Net sales	$	932,479	$	862,351
Net earnings		101,718		87,120
Net earnings per share:
Basic		5.65		4.89
Diluted		5.49		4.70

PerfectFry

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported)			Measurement Period			(as adjusted)
	Jul 13, 2010			Adjustments			Jul 13, 2010
Cash	$	247		$	—		$	247
Current assets		1,949			(316	)		1,633
Goodwill		2,502			(296	)		2,206
Other intangibles		1,653			—			1,653
Current liabilities		(1,497	)		612			(885	)
Net assets acquired and liabilities assumed	$	4,854		$	—		$	4,854

Cozzini

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported)			Measurement Period			(as adjusted)
	Sep 21, 2010			Adjustments			Sep 21, 2010
Cash	$	557		$	30		$	587
Current assets		13,601			172			13,773
Property, plant and equipment		863			(30	)		833
Goodwill		9,601			(1,745	)		7,856
Other intangibles		6,691			1,119			7,810
Other assets		636			72			708
Current liabilities		(11,859	)		68			(11,791	)
Consideration paid at closing	$	20,090		$	(314	)	$	19,776
Contingent consideration		2,000			—			2,000
Net assets acquired and liabilities assumed	$	22,090		$	(314	)	$	21,776

Beech

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)			Measurement Period			(as adjusted)
	Apr 12, 2011			Adjustments			Apr 12, 2011
Cash	$	525		$	—		$	525
Current assets		1,145			(299	)		846
Property, plant and equipment		57			—			57
Goodwill		11,433			(192	)		11,241
Other intangibles		2,317			(294	)		2,023
Current liabilities		(1,100	)		(41	)		(1,141	)
Other non-current liabilities		(893	)		826			(67	)
Net assets acquired and liabilities assumed	$	13,484		$	—		$	13,484

Lincat

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)			Measurement Period			(as adjusted)
	May 27, 2011			Adjustments			May 27, 2011
Cash	$	12,392		$	—		$	12,392
Current assets		16,992			—			16,992
Property, plant and equipment		14,368			—			14,368
Goodwill		45,765			(7,802	)		37,963
Other intangibles		31,343			1,976			33,319
Current liabilities		(10,924	)		(6	)		(10,930	)
Long-term deferred tax liability		(13,803	)		5,832			(7,971	)
Other non-current liabilities		(1,611	)		—			(1,611	)
Net assets acquired and liabilities assumed	$	94,522		$	—		$	94,522

Danfotech

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)			Measurement Period			(as adjusted)
	Jul 5, 2011			Adjustments			Jul 5, 2011
Cash	$	165		$	—		$	165
Current assets		1,073			(366	)		707
Property, plant and equipment		102			(55	)		47
Goodwill		3,423			2,846			6,269
Other intangibles		1,864			(778	)		1,086
Other assets		4			—			4
Current liabilities		(309	)		(753	)		(1,062	)
Long-term deferred tax liability		(46	)		(144	)		(190	)
Other non-current liabilities		—			(750	)		(750	)
Consideration paid at closing	$	6,276		$	—		$	6,276
Additional assets acquired post closing		—			730			730
Contingent consideration		1,500			—			1,500
Net assets acquired and liabilities assumed	$	7,776		$	730		$	8,506

Maurer

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)			Measurement Period			(as adjusted)
	Jul 22, 2011			Adjustments			Jul 22, 2011
Current assets	$	1,673		$	(668	)	$	1,005
Property, plant and equipment		628			—			628
Goodwill		870			122			992
Other intangibles		922			—			922
Current liabilities		(246	)		(36	)		(282	)
Net assets acquired and liabilities assumed	$	3,847		$	(582	)	$	3,265

Auto-Bake

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)			Measurement Period			(as adjusted)
	Aug 1, 2011			Adjustments			Aug 1, 2011
Cash	$	110		$	—		$	110
Current assets		3,209			(28	)		3,181
Property, plant and equipment		477			—			477
Goodwill		16,259			1,940			18,199
Other intangibles		6,784			(2,726	)		4,058
Other assets		336			(11	)		325
Current liabilities		(2,506	)		8			(2,498	)
Long-term deferred tax liability		(2,035	)		817			(1,218	)
Net assets acquired and liabilities assumed	$	22,634		$	—		$	22,634

Drake

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):

	Dec 2, 2011
Cash	$	427
Current assets		4,245
Deferred tax asset		390
Property, plant and equipment		1,773
Goodwill		15,237
Other intangibles		5,810
Other assets		9
Current liabilities		(3,334	)
Long-term deferred tax liability		(2,395	)
Net assets acquired and liabilities assumed	$	22,162

Armor Inox

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):

	Dec 21, 2011
Cash	$	18,201
Current assets		14,612
Property, plant and equipment		941
Goodwill		23,789
Other intangibles		12,155
Other assets		25
Current liabilities		(18,440	)
Long-term deferred tax liability		(3,975	)
Other non-current liabilities		(450	)
Net assets acquired and liabilities assumed	$	46,858