ACQUISITIONS (Tables)

3 Months Ended

Mar. 30, 2019

Business Combinations [Abstract]

Schedule Preliminary Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed of Convert as of 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 interest	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 interest	23,082
Net assets acquired	$	57,805

Schedule of Pro Forma

The proforma effect of these acquisitions on the first quarter of 2019 and 2018 is as follows:

	Thirteen weeks ended March 30, 2019		Thirteen weeks ended March 31, 2018
Net sales	$	694,558	$	713,686
Net earnings	36,719		39,879
Earnings per share-diluted	1.67		1.75