Aqcuisitions and Purchase Accounting (Tables)

12 Months Ended

Dec. 28, 2019

Taylor

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The final allocation of consideration paid for the Taylor acquisition is summarized as follows (in thousands):

	(as initially reported) June 22, 2018			Measurement Period Adjustments			(as adjusted) June 22, 2018
Cash	$	2,551		$	64		$	2,615
Current assets	71,162			(2,011		)	69,151
Property, plant and equipment	21,187			(556		)	20,631
Goodwill	491,339			(120,497		)	370,842
Other intangibles	484,210			119,550			603,760
Other assets	—			361			361
Long-term deferred tax asset	—			227			227
Current liabilities	(48,417		)	(4,099		)	(52,516		)
Other non-current liabilities	(8,161		)	(648		)	(8,809		)
Net assets acquired and liabilities assumed	$	1,013,871		$	(7,609	)	$	1,006,262

Standex

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):

	(as initially reported) April 1, 2019			Preliminary Measurement Period Adjustments			(as adjusted) April 1, 2019
Cash	$	843		$	—		$	843
Current assets	33,666			(1,325		)	32,341
Property, plant and equipment	15,959			(243		)	15,716
Goodwill	31,207			5,327			36,534
Other intangibles	53,450			(5,850		)	47,600
Other assets	—			1,470			1,470
Current liabilities	(15,130		)	(368		)	(15,498		)
Long-term deferred tax liability	(13,082		)	2,226			(10,856		)
Other non-current liabilities	—			(1,163		)	(1,163		)
Net assets acquired and liabilities assumed	$	106,913		$	74		$	106,987

2018 acquisitions

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The final allocation of consideration paid for the other 2018 acquisitions is summarized as follows (in thousands):

	Preliminary Opening Balance Sheet			Measurement Period Adjustments			Adjusted Opening Balance Sheet
Cash	$	16,293		$	(37	)	$	16,256
Current assets	38,048			115			38,163
Property, plant and equipment	22,340			3,658			25,998
Goodwill	126,647			(14,312		)	112,335
Other intangibles	46,902			15,900			62,802
Other assets	14			—			14
Current portion of long term debt	(3,329		)	—			(3,329		)
Current liabilities	(23,606		)	(1,521		)	(25,127		)
Long term debt	(2,677		)	—			(2,677		)
Long-term deferred tax liability	(8,937		)	(4,923		)	(13,860		)
Other non-current liabilities	(3,699		)	—			(3,699		)
Consideration paid at closing	$	207,996		$	(1,120	)	$	206,876
Contingent consideration	3,454			—			3,454
Net assets acquired and liabilities assumed	$	211,450		$	(1,120	)	$	210,330

2019 acquisitions

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):

	Preliminary Opening Balance Sheet			Measurement Period Adjustments			Adjusted Opening Balance Sheet
Cash	$	2,683		$	(10	)	$	2,673
Current assets	21,525			980			22,505
Property, plant and equipment	8,920			18			8,938
Goodwill	99,838			(3,096		)	96,742
Other intangibles	64,019			199			64,218
Long-term deferred tax asset	1,288			1,478			2,766
Other assets	137			854			991
Current liabilities	(20,437		)	(535		)	(20,972		)
Other non-current liabilities	(6,170		)	(529		)	(6,699		)
Consideration paid at closing	$	171,803		$	(641	)	$	171,162
Deferred payments	2,404			—			2,404
Contingent consideration	4,258			—			4,258
Net assets acquired and liabilities assumed	$	178,465		$	(641	)	$	177,824