Acquisitions (Tables)

12 Months Ended

Jan. 01, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Asset Acquisition

The provisional purchase price allocation for Trinity and OGC, and estimated amortization periods of identified intangible assets as of the date of acquisition is as follows (dollars in thousands):

	Trinity			OGC
	Fair Value		Amortization Period	Fair Value		Amortization Period
Cash	$	—		$	331
Inventories	2,079			4,460
Receivables	4,604			1,783
Prepaid expenses and other current assets	—			1,247
Property, plant, and equipment	281			520
Accounts payable and accrued expenses	(1,726)			(2,844)
Goodwill	13,742			1,860
Customer lists	12,000		13 Years	4,945		10 Years
Trade names	—			2,500		10 Years
Total net assets	$	30,980		$	14,802

The DPG purchase price allocation, which was completed in the third quarter of 2021, and amortization periods of identified intangible assets as of the date of acquisition is as follows (dollars in thousands):

	Fair Value		Weighted Average Amortization Period
Inventories	$	1,597
Receivables	4
Prepaid expenses and other current assets	467
Accounts payable and accrued expenses	(8,035)
Goodwill	33,588
Customer lists	11,500		11 Years
Software	5,500		5 Years
Trade names	5,200		10 Years
Other intangible assets	300		3 Years
Total net assets	$	50,121