Acquisitions and Purchase Accounting (Tables)

9 Months Ended

Sep. 28, 2013

Business Acquisition, Pro Forma Information [Table Text Block]

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:

	Three Months Ended		Nine Months Ended
	Sep 29, 2012		Sep 29, 2012
Net sales	$	316,332	$	920,232
Net earnings	$	16,107	$	70,217
Net earnings per share:
Basic	$	0.88	$	3.85
Diluted	$	0.87	$	3.79

Distributors [Member]

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 dates to estimate the fair value of assets acquired and liabilities assumed (in thousands): 

	(as initially reported) Jun 29, 2013			Preliminary Measurement Period Adjustments			(as adjusted) Jun 29, 2013
Current assets	$	21,390		$	(1,218	)	$	20,172
Property, plant and equipment	1,318			—			1,318
Goodwill	1,709			1,218			2,927
Current liabilities	(804		)	—			(804		)
Net assets acquired and liabilities assumed	$	23,613		$	—		$	23,613
Forgiveness of liabilities owed to Viking	(8,697		)	—			(8,697		)
Consideration paid at closing	$	14,916		$	—		$	14,916

Drake

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported) Dec 2, 2011			Measurement Period Adjustments			(as adjusted) Dec 2, 2011
Cash	$	427		$	—		$	427
Deferred tax asset	390			56			446
Current assets	4,245			(213		)	4,032
Property, plant and equipment	1,773			—			1,773
Goodwill	15,237			474			15,711
Other intangibles	5,810			—			5,810
Other assets	9			—			9
Current liabilities	(3,334		)	54			(3,280		)
Long-term deferred tax liability	(2,395		)	32			(2,363		)
Net assets acquired and liabilities assumed	$	22,162		$	403		$	22,565

Armor Inox

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported) Dec 21, 2011			Measurement Period Adjustments			(as adjusted) Dec 21, 2011
Cash	$	18,201		$	—		$	18,201
Current assets	14,612			(958		)	13,654
Property, plant and equipment	941			630			1,571
Goodwill	23,789			2,346			26,135
Other intangibles	12,155			(2,735		)	9,420
Other assets	25			—			25
Current liabilities	(18,440		)	(186		)	(18,626		)
Long-term deferred tax liability	(3,975		)	903			(3,072		)
Other non-current liabilities	(450		)	—			(450		)
Net assets acquired and liabilities assumed	$	46,858		$	—		$	46,858

Baker

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported) Mar 14, 2012			Measurement Period Adjustments			(as adjusted) Mar 14, 2012
Current assets	$	4,617		$	(2,236	)	$	2,381
Property, plant and equipment	221			—			221
Goodwill	5,797			1,481			7,278
Other intangibles	—			750			750
Current liabilities	(385		)	5			(380		)
Net assets acquired and liabilities assumed	$	10,250		$	—		$	10,250

Stewart [Member]

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported) Sep 5, 2012			Preliminary Measurement Period Adjustments			(as adjusted)  Sep 5, 2012
Cash	$	—		$	244		$	244
Current assets	11,839			(1,922		)	9,917
Property, plant and equipment	653			583			1,236
Goodwill	17,886			(2,140		)	15,746
Other intangibles	6,850			4,030			10,880
Current liabilities	(5,228		)	(1,511		)	(6,739		)
Other non-current liabilities	(4,000		)	(587		)	(4,587		)
Consideration paid at closing	$	28,000		$	(1,303	)	$	26,697
Contingent consideration	4,000			587			4,587
Net assets acquired and liabilities assumed	$	32,000		$	(716	)	$	31,284

Nieco Corporation [Member]

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) Oct 31, 2012			Preliminary Measurement Period Adjustments			(as adjusted) Oct 31, 2012
Cash	$	140		$	—		$	140
Current assets	4,011			—			4,011
Property, plant and equipment	268			—			268
Goodwill	18,855			(3,473		)	15,382
Other intangibles	5,620			4,060			9,680
Current liabilities	(1,836		)	—			(1,836		)
Other non-current liabilities	(3,058		)	(587		)	(3,645		)
Consideration paid at closing	$	24,000		$	—		$	24,000
Contingent consideration	3,058			587			3,645
Net assets acquired and liabilities assumed	$	27,058		$	587		$	27,645

Viking Range Corporation [Member]

Business Combinations Results of Operations [Table Text Block]

The following unaudited results of operations for the three and nine months endedSeptember 28, 2013 and September 29, 2012, reflect the operations of Viking on a stand-alone basis (in thousands):

	Three Months Ended				Nine Months Ended
	Sep 28, 2013		Sep 29, 2012		Sep 28, 2013		Sep 29, 2012
Net sales	$	57,997	53,865		$	175,471	$	159,368
Income (loss) from operations	$	8,498	(17,598	)	$	5,173	$	(15,636	)

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) Dec 31, 2012			Preliminary Measurement Period Adjustments			(as adjusted) Dec 31, 2012
Cash	$	6,900		$	(121	)	$	6,779
Current assets	40,794			—			40,794
Property, plant and equipment	76,693			(23,208		)	53,485
Goodwill	144,833			(32,671		)	112,162
Other intangibles	152,500			44,500			197,000
Other assets	12,604			45			12,649
Current liabilities	(52,202		)	230			(51,972		)
Other non-current liabilities	(2,386		)	(1		)	(2,387		)
Net assets acquired and liabilities assumed	$	379,736		$	(11,226	)	$	368,510