Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables)

9 Months Ended

Sep. 30, 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): 

	Nine Months Ended
	September 30, 2023		October 1, 2022
Net sales	$	3,037,755	$	3,115,311
Net earnings	327,032		294,878
Net earnings per share:
Basic	$	6.10	$	5.44
Diluted	$	6.03	$	5.35

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		(8,653)		106,611
Property, plant and equipment	44,598		615		45,213
Goodwill	139,633		8,945		148,578
Other intangibles	93,147		7,018		100,165
Long-term deferred tax asset	426		635		1,061
Other assets	1,420		3,209		4,629
Current portion of long-term debt	(22,841)		2,043		(20,798)
Current liabilities	(57,158)		(2,611)		(59,769)
Long term debt	(5,646)		(3,995)		(9,641)
Long-term deferred tax liability	(23,137)		1,994		(21,143)
Other non-current liabilities	(19,061)		(7,022)		(26,083)
Consideration paid at closing	$	292,505	$	2,337	$	294,842
Contingent consideration	19,105		3,969		23,074
Net assets acquired and liabilities assumed	$	311,610	$	6,306	$	317,916

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	$	3,102	$	—	$	3,102
Current assets	9,964		542		10,506
Property, plant and equipment	21,954		—		21,954
Goodwill	38,422		1,089		39,511
Other intangibles	34,337		(713)		33,624
Current liabilities	(3,774)		(1,091)		(4,865)
Long-term deferred tax liability	(958)		—		(958)
Other non-current liabilities	(12,099)		—		(12,099)
Consideration paid at closing	$	90,948	$	(173)	$	90,775
Contingent consideration	14,743		—		14,743
Net assets acquired and liabilities assumed	$	105,691	$	(173)	$	105,518