Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 30, 2023

Business Combination and Asset Acquisition [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 were financed by available cash balances, as well as the assets acquired and liabilities assumed at the respective acquisition dates.  The purchase price allocations for all acquisitions have been finalized as of December 30, 2023.

(In thousands)	Mueller Middle East		H&C Flex
Total consideration	$	20,017	$	15,279
Allocated to:
Accounts receivable	10,652		—
Inventories	4,727		4,511
Other current assets	1,744		—
Property, plant, and equipment	26,664		10,813
Operating lease right-of-use assets	935		—
Goodwill	864		—
Intangible assets	452		—
Total assets acquired	46,038		15,324
Accounts payable	4,593		—
Other current liabilities	10,941		45
Other noncurrent liabilities	692		—
Total liabilities assumed	16,226		45
Noncontrolling interest	9,795		—
Net assets acquired	$	20,017	$	15,279

Schedule of Intangible Assets Identified in the Allocation of the Purchase Price

The following details the total intangible assets identified in the allocation of the purchase price at the respective acquisition dates:

(In thousands)	Estimated Useful Life	Mueller Middle East
Intangible asset type:
Customer relationships	20 years	$	452
Total intangible assets		$	452