Acquisition Acquisition (Tables)

9 Months Ended

Sep. 29, 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	$	19,224
Inventory	43,170
Other current assets	95
Property, plant and equipment	7,052
Identifiable intangible assets	160,850
Other noncurrent assets	12
Current liabilities	(26,058		)
Deferred tax liabilities	(37,623		)
Other noncurrent liabilities	(1,006		)
Net assets acquired	165,716
Goodwill	175,476
Total purchase price, net of cash acquired	$	341,192

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				Nine months ended
(In thousands, except per share data) (Unaudited)	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Net sales	$	398,597	$	364,881	$	1,202,552	$	1,058,330
Net income	55,609		38,861		186,224		91,894
Per share amounts:
Net income per common share - basic	$	0.39	$	0.27	$	1.32	$	0.65
Net income per common share - diluted	0.39		0.27		1.30		0.64

PSS

Business Acquisition [Line Items]

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

The following table summarizes the 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	(294		)
Accrued expenses	(2,667		)
Net assets acquired	28,493
Goodwill	8,804
Total purchase price	$	37,297