Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables)

3 Months Ended

Mar. 28, 2020

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The following pro forma results include adjustments to reflect additional interest expense to fund the acquisitions, amortization of intangibles associated with the acquisitions, and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data): 

	Three Months Ended
	March 28, 2020		March 30, 2019
Net sales	$	679,980	$	734,592
Net earnings	73,810		55,471
Net earnings per share:
Basic	$	1.33	$	1.00
Diluted	$	1.33	$	1.00

Cooking Solutions Group

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

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

	(as initially reported) April 1, 2019			Measurement Period Adjustments			(as adjusted) April 1, 2019
Cash	$	843		$	—		$	843
Current assets	33,666			(1,625		)	32,041
Property, plant and equipment	15,959			(58		)	15,901
Goodwill	31,207			6,330			37,537
Other intangibles	53,450			(5,850		)	47,600
Other assets	—			1,470			1,470
Current liabilities	(15,130		)	(1,583		)	(16,713		)
Long-term deferred tax liability	(13,082		)	2,553			(10,529		)
Other non-current liabilities	—			(1,163		)	(1,163		)
Net assets acquired and liabilities assumed	$	106,913		$	74		$	106,987

2019 Acquisitions

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2019 acquisitions and are summarized as follows (in thousands):

	Preliminary Opening Balance Sheet			Preliminary Measurement Period Adjustments			Adjusted Opening Balance Sheet
Cash	$	2,683		$	(10	)	$	2,673
Current assets	21,525			922			22,447
Property, plant and equipment	8,920			(166		)	8,754
Goodwill	99,838			(3,300		)	96,538
Other intangibles	64,019			389			64,408
Long-term deferred tax asset	1,288			1,428			2,716
Other assets	137			854			991
Current liabilities	(20,437		)	(201		)	(20,638		)
Other non-current liabilities	(6,170		)	(529		)	(6,699		)
Consideration paid at closing	$	171,803		$	(613	)	$	171,190
Deferred payments	2,404			—			2,404
Contingent consideration	4,258			—			4,258
Net assets acquired and liabilities assumed	$	178,465		$	(613	)	$	177,852

2020 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 dates for the acquisitions and are summarized as follows (in thousands):

	Preliminary Opening Balance Sheet
Cash	$	2,347
Current assets	31,089
Property, plant and equipment	1,032
Goodwill	12,776
Other intangibles	16,484
Other assets	1,708
Current liabilities	(30,005		)
Other non-current liabilities	(3,070		)
Consideration paid at closing	$	32,361
Deferred payments	1,250
Contingent consideration	1,774
Net assets acquired and liabilities assumed	$	35,385