ACQUISITIONS (Tables)

12 Months Ended

Dec. 29, 2018

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed of Convert at the date of acquisition:



	At August 3, 2018
Current assets	$	18,349
Other assets	3,166
Patent and Proprietary Technology	16,554
Trade name	8,701
Goodwill	34,280
Total fair value of assets acquired	$	81,050
Current liabilities	5,376
Contingent consideration liability	11,608
Deferred taxes	6,061
Total fair value of liabilities assumed	$	23,045
Non-controlling interests	14,501
Net assets acquired	$	43,504

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed of Walpar as of the date of acquisition:



	At August 3, 2018
Current assets	$	13,210
Customer relationships	32,000
Trade name	4,300
Goodwill	42,216
Total fair value of assets acquired	$	91,726
Current liabilities	2,185
Deferred taxes	8,654
Total fair value of liabilities assumed	$	10,839
Non-controlling interests	23,082
Net assets acquired	$	57,805

Pro forma results of operations

The Company's Consolidated Statements of Earnings for the fiscal year ended December 29, 2018 included net sales of $33,973 and net earnings of $1,566 resulting from the Walpar, Convert, Torrent, and CSP Coatings acquisitions. The proforma effect of these acquisitions on the 2018 and 2017 Consolidated Statements of Earnings is as follows:



	Fifty-two Weeks Ended December 29, 2018		Fifty-two Weeks Ended December 30, 2017
Net sales	$	2,798,705	$	2,818,035
Net earnings	97,170		122,407
Earnings per share-diluted	4.32		5.39