Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables)

9 Months Ended

Oct. 01, 2022

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The 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): 

	Nine Months Ended
	October 1, 2022		October 2, 2021
Net sales	$	3,056,246	$	2,845,214
Net earnings	332,195		375,112
Net earnings per share:
Basic	$	6.13	$	6.79
Diluted	$	6.03	$	6.64

Kamado Joe and Masterbuilt

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 values of assets acquired and liabilities assumed (in thousands):

	Preliminary Opening Balance Sheet		Preliminary Measurement Period Adjustments		Adjusted Opening Balance Sheet
Cash	$	5,381	$	(70)	$	5,311
Current assets	137,826		(5,263)		132,563
Property, plant and equipment	7,773		(1,678)		6,095
Goodwill	110,052		45,511		155,563
Other intangibles	215,577		(28,677)		186,900
Other assets	2,143		(1,174)		969
Current liabilities	(54,865)		(6,774)		(61,639)
Long-term deferred tax liability	(15,907)		—		(15,907)
Other non-current liabilities	(1,914)		946		(968)
Net assets acquired and liabilities assumed	$	406,066	$	2,821	$	408,887

2021 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 other 2021 acquisitions and are summarized as follows (in thousands):

	Preliminary Opening Balance Sheet		Preliminary Measurement Period Adjustments		Adjusted Opening Balance Sheet
Cash	$	6,414	$	—	$	6,414
Current assets	76,077		477		76,554
Property, plant and equipment	19,561		(187)		19,374
Goodwill	85,270		8,485		93,755
Other intangibles	158,725		(9,193)		149,532
Other assets	2,101		31		2,132
Current liabilities	(33,910)		53		(33,857)
Long-term deferred tax asset (liability)	(3,010)		3,457		447
Other non-current liabilities	(7,092)		(3,397)		(10,489)
Consideration paid at closing	$	304,136	$	(274)	$	303,862
Contingent consideration	9,404		(200)		9,204
Net assets acquired and liabilities assumed	$	313,540	$	(474)	$	313,066

2022 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 other 2022 acquisitions and are summarized as follows (in thousands):

	Preliminary Opening Balance Sheet		Preliminary Measurement Period Adjustments		Adjusted Opening Balance Sheet
Cash	$	19,175	$	187	$	19,362
Current assets	89,245		200		89,445
Property, plant and equipment	39,610		(219)		39,391
Goodwill	91,560		2,488		94,048
Other intangibles	66,738		2,112		68,850
Long-term deferred tax asset	426		104		530
Other assets	526		(344)		182
Current portion of long-term debt	(22,072)		2,154		(19,918)
Current liabilities	(42,462)		736		(41,726)
Long term debt	(4,522)		(2,320)		(6,842)
Long-term deferred tax liability	(17,368)		85		(17,283)
Other non-current liabilities	(4,075)		(3,394)		(7,469)
Consideration paid at closing	$	216,781	$	1,789	$	218,570
Contingent consideration	2,990		3,394		6,384
Net assets acquired and liabilities assumed	$	219,771	$	5,183	$	224,954