Acquisitions (Tables)

12 Months Ended

Jan. 03, 2015

Business Combinations [Abstract]

Purchase Price Allocation 2014 & 2013

The components of the purchase price and net assets acquired for 2013 acquisitions, as revised for the finalization of the valuation process and amounts paid in 2014, are as follows:

2013 Acquisitions (In thousands)	Total
Net Assets Acquired:
Cash and cash equivalents	$	1,966
Accounts receivable	8,523
Inventories	17,757
Other assets	3,237
Property, plant & equipment	5,891
Intangibles
Intellectual property	18,786
Customer relationships	5,340
Other	2,893
Goodwill	24,744
Total assets acquired	89,137
Long-term deferred tax liabilities	6,032
Other liabilities	14,834
Total liabilities assumed	20,866
Net assets acquired	$	68,271
Purchase Price:
Cash	$	68,271

The following table summarizes the purchase method of accounting for the acquisitions made in 2014 and the estimated fair values of assets acquired and liabilities assumed:

2014 Acquisitions (In thousands)	Total
Net Assets Acquired:
Cash and cash equivalents	$	674
Inventories	1,064
Other current assets	324
Property, plant & equipment	847
Intangibles
Customer relationships	4,700
Intellectual property	2,600
Other	360
Goodwill	3,463
Total assets acquired	14,032
Total liabilities assumed	1,001
Net assets acquired	$	13,031
Purchase Price:
Cash	$	11,840
Contingent consideration	1,191
Total purchase price	$	13,031