Acquisition Acquisition (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the provisional allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of the SPG acquisition:



(In thousands):
Accounts receivable	$	15,805
Inventory	46,073
Other current assets	424
Property, plant and equipment	7,345
Identifiable intangible assets	178,220
Other noncurrent assets	398
Current liabilities	(26,196		)
Deferred tax liabilities	(42,110		)
Other noncurrent liabilities	(1,006		)
Net assets acquired	178,953
Goodwill	162,251
Total purchase price, net of cash acquired	$	341,204

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma financial information presents the combined results of operations of the Company as if the acquisition of SPG had occurred as of the beginning of the years presented. The unaudited pro forma financial information is not necessarily indicative of what the Company’s consolidated results of operations actually would have been had the acquisition occurred at the beginning of each year. In addition, the unaudited pro forma financial information does not attempt to project the future results of operations of the combined company.



	Three months ended				Six months ended
(In thousands, except per share data) (Unaudited)	June 30, 2018		July 1, 2017		June 30, 2018		July 1, 2017
Net sales	$	405,404	$	352,430	$	803,955	$	693,295
Net income	67,699		43,336		130,625		60,865
Per share amounts:
Net income per common share - basic	$	0.48	$	0.31	$	0.92	$	0.43
Net income per common share - diluted	0.47		0.30		0.91		0.42

PSS

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the preliminary allocation of the purchase price to the fair values assigned to the assets acquired and liabilities assumed at the date of acquisition:



(In thousands):	Amount
Accounts receivable	$	3,898
Inventory	1,827
Other current assets	23
Property, plant and equipment	103
Other noncurrent assets	3
Identifiable intangible assets	25,600
Accounts payables	(310		)
Accrued expenses	(2,667		)
Net assets acquired	28,477
Goodwill	8,820
Total purchase price	$	37,297