Business Acquisitions and Investments (Tables)

12 Months Ended

Dec. 25, 2021

Dayton Parts [Member]

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The table below details the fair values of the assets acquired and the liabilities assumed at the acquisition date, including applicable measurement period adjustments:

(in thousands)
Accounts receivable	$	23,216
Inventories		79,625
Prepaids and other current assets		2,302
Property, plant and equipment		29,900
Goodwill		106,816
Identifiable intangible assets		160,400
Operating lease right-of-use assets		21,248
Other assets		848
Accounts payable		(11,970	)
Accrued compensation		(2,784	)
Other current liabilities		(7,604	)
Long-term operating lease liabilities		(18,444	)
Deferred tax liabilities		(38,665	)
Net cash consideration	$	344,888

Schedule of Valuation of Intangible Assets Acquired and Related Amortization Periods

The estimated valuation of the intangible assets acquired, and related amortization periods are as follows:

(in thousands)	Fair Value		Amortization Period (in years)
Customer relationships	$	124,100		20
Product portfolio		25,300		20
Trade names		11,000		10
Total	$	160,400

Summary of Unaudited Proforma Information

The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisition been consummated as of that time.

	For the Year Ended
(in thousands, unaudited)	December 25, 2021		December 26, 2020
Net sales	$	1,468,415	$	1,260,077
Net income	$	147,090	$	100,334
Diluted earnings per share	$	4.60	$	3.10

Power Train Industries, Inc. [Member]

Schedule of Valuation of Intangible Assets Acquired and Related Amortization Periods

The valuation of the intangible assets acquired and related amortization periods are as follows:

(in thousands)	Valuation		Amortization Period (in years)
Customer relationships	$	4,600		15
Trade names		700		5
Technology		1,800		8
Other		190		5
Total	$	7,290