XML 39 R24.htm IDEA: XBRL DOCUMENT v3.20.4
Aqcuisitions and Purchase Accounting (Tables)
 12 Months Ended
Jan. 02, 2021
Business Acquisition [Line Items]  
Schedule of Business Acquisition Pro Forma Information The following pro forma results include adjustments to reflect amortization of intangibles associated with the acquisition and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data):  
Twelve Months Ended
 January 2, 2021December 28, 2019
Net sales$2,563,195 $3,119,550 
Net earnings213,866 338,343 
Net earnings per share:  
Basic$3.88 $6.08 
Diluted$3.88 $6.08 
Standex  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition :
Preliminary Opening Balance SheetMeasurement
Period
Adjustments		Adjusted Opening Balance Sheet
Cash$843 $— $843 
Current assets33,666 (1,625)32,041 
Property, plant and equipment15,959 (58)15,901 
Goodwill31,207 6,330 37,537 
Other intangibles53,450 (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 final allocation of consideration paid for the other 2019 acquisitions is summarized as follows (in thousands):
Preliminary Opening Balance SheetMeasurement
Period
Adjustments		Adjusted Opening Balance Sheet
Cash$2,683 $(10)$2,673 
Current assets21,525 920 22,445 
Property, plant and equipment8,920 (166)8,754 
Goodwill99,838 (11,117)88,721 
Other intangibles64,019 11,363 75,382 
Long-term deferred tax asset1,288 1,428 2,716 
Other assets137 854 991 
Current liabilities(20,437)(348)(20,785)
Other non-current liabilities(6,170)(4,129)(10,299)
Consideration paid at closing$171,803 $(1,205)$170,598 
Deferred payments2,404 — 2,404 
Contingent consideration4,258 3,600 7,858 
Net assets acquired and liabilities assumed$178,465 $2,395 $180,860 
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 SheetPreliminary Measurement
Period
Adjustments		Adjusted Opening Balance Sheet
Cash$14,647 $— $14,647 
Current assets43,670 (13,674)29,996 
Property, plant and equipment3,014 (241)2,773 
Goodwill55,335 1,438 56,773 
Other intangibles63,201 — 63,201 
Other assets6,121 — 6,121 
Current liabilities(54,478)12,477 (42,001)
Long-term deferred tax liability(123)— (123)
Other non-current liabilities(21,902)— (21,902)
Consideration paid at closing$109,485 $— $109,485 
Deferred payments8,666 — 8,666 
Contingent consideration16,144 — 16,144 
Net assets acquired and liabilities assumed$134,295 $— $134,295