Acquisitions (Tables)

3 Months Ended

Apr. 02, 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	1,901			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	14,228			2,366
Customer lists	12,000		13 Years	4,900		10 Years
Trade names	—			2,500		10 Years
Total Net Assets	$	31,288		$	15,263