Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables)

6 Months Ended

Jul. 01, 2023

Business Acquisition [Line Items]

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): 

	Six Months Ended
	July 1, 2023		July 2, 2022
Net sales	$	2,053,062	$	2,102,303
Net earnings	217,696		189,909
Net earnings per share:
Basic	$	4.06	$	3.49
Diluted	$	4.02	$	3.42

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	$	25,860	$	159	$	26,019
Current assets	115,264		(8,053)		107,211
Property, plant and equipment	44,598		847		45,445
Goodwill	139,633		6,510		146,143
Other intangibles	93,147		7,018		100,165
Long-term deferred tax asset	426		635		1,061
Other assets	1,420		2,870		4,290
Current portion of long-term debt	(22,841)		2,154		(20,687)
Current liabilities	(57,158)		(2,098)		(59,256)
Long term debt	(5,646)		(2,320)		(7,966)
Long-term deferred tax liability	(23,137)		975		(22,162)
Other non-current liabilities	(19,061)		(6,737)		(25,798)
Consideration paid at closing	$	292,505	$	1,960	$	294,465
Contingent consideration	19,105		3,969		23,074
Net assets acquired and liabilities assumed	$	311,610	$	5,929	$	317,539

2023 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 2023 acquisitions and are summarized as follows (in thousands):

	Preliminary Opening Balance Sheet		Preliminary Measurement Period Adjustments		Adjusted Opening Balance Sheet
Cash	$	1,472	$	—	$	1,472
Current assets	7,428		—		7,428
Property, plant and equipment	10,237		—		10,237
Goodwill	23,434		(64)		23,370
Other intangibles	21,224		—		21,224
Current liabilities	(3,186)		(109)		(3,295)
Other non-current liabilities	(7,555)		—		(7,555)
Consideration paid at closing	$	53,054	$	(173)	$	52,881
Contingent consideration	10,198		—		10,198
Net assets acquired and liabilities assumed	$	63,252	$	(173)	$	63,079