Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 26, 2015

Acquisitions and Dispositions [Abstract]

Schedule of final valuation of the long-lived assets

The following table summarizes the allocation of the purchase price to acquire these businesses, which was financed by available cash balances, as well as the assets acquired and liabilities assumed at the respective acquisition dates. For the Great Lakes, Sherwood, and Turbotec acquisitions, the purchase price allocations are provisional as of December 26, 2015 and subject to change upon completion of the final valuation of the long-lived assets during their respective measurement periods.

(in thousands)	Great Lakes			Sherwood			Turbotec		Yorkshire			Howell
Total consideration	$	70,011		$	21,795		$	14,138	$	30,137		$	55,276

Allocated to:
Accounts receivable		26,079			6,490			1,936		—			14,564
Inventories		15,233			11,892			3,247		17,579			27,615
Other current assets		22			260			72		1,034			571
Property, plant, and equipment		22,771			10,327			9,080		2,103			20,293
Goodwill⁽¹⁾		19,087	⁽¹⁾		—			2,088		8,075	⁽¹⁾		1,358	⁽¹⁾
Intangible assets		27,468			(38	)		880		16,937			2,320
Other assets		1,413			—			59		—			—
Total assets acquired		112,073			28,931			17,362		45,728			66,721

Accounts payable		36,026			6,022			1,603		10,188			9,208
Accrued wages & other employee costs		—			471			356		1,167			703
Other current liabilities		381			487			51		4,236			1,534
Postretirement benefits other than pensions		5,655			—			—		—			—
Other noncurrent liabilities		—			156			1,214		—			—
Total liabilities assumed		42,062			7,136			3,224		15,591			11,445

Net assets acquired	$	70,011		$	21,795		$	14,138	$	30,137		$	55,276

⁽¹⁾ Tax-deductible goodwill

Intangible assets identified in the allocation of the purchase price

The gross and net book value of other intangible assets included in other assets at December 26, 2015 was as follows:

(In thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

Customer relationships	$	30,882	$	(1,488	)	$	29,394
Non-compete agreements		6,534		(2,838	)		3,696
Patents and technology		9,798		(5,323	)		4,475
Trade names and licenses		4,160		(574	)		3,586
Other		213		(728	)		(515	)

Other intangible assets	$	51,587	$	(10,951	)	$	40,636

The carrying amount of intangible assets at December 27, 2014 was as follows:

(In thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

Customer relationships	$	11,852	$	(526	)	$	11,326
Non-compete agreements		4,495		(1,307	)		3,188
Patents and technology		6,852		(4,744	)		2,108
Trade names and licenses		1,670		(252	)		1,418
Other		877		(453	)		424

Other intangible assets	$	25,746	$	(7,282	)	$	18,464