Acquisitions (Tables)

9 Months Ended

Sep. 28, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Summary of the Fair Value of Net Assets Acquired

The following table summarizes the provisional fair value of net assets acquired:

	Fair Value
Cash and cash equivalent	$	18,074
Accounts receivable	10,346
Inventories	126,507
Property, plant and equipment	190,383
Goodwill	137,421
Trade name and customer relationship intangibles	88,000
Equity investment	11,000
Other assets	5,803
Total assets acquired	587,534
Accounts payable and other liabilities assumed	6,172
Employee related liabilities	7,509
Rebates and customer related liabilities	17,698
Deferred income tax liabilities	59,099
Total liabilities assumed	90,478
Net assets acquired	$	497,056

The following table summarizes the provisional fair value of net assets acquired:

	Fair Value
Cash and cash equivalent	$	10,423
Accounts receivable	27,395
Inventories	20,251
Property, plant and equipment	47,478
Lease right-of-use assets	126,609
Goodwill	175,871
Trade name and customer relationship intangibles	246,000
Other assets	14,991
Total assets acquired	669,018
Accounts payable and other liabilities assumed	36,448
Employee related liabilities	6,230
Lease liabilities	106,613
Deferred income tax liabilities	59,065
Total liabilities assumed	208,356
Net assets acquired	$	460,662

Schedule of Provisional Fair Value and Weighted Average Estimated Useful Life of Identifiable Intangible Assets

The provisional fair value and expected useful life of identifiable intangible assets consists of the following:

	Fair Value		Useful Life in Years
Customer relationships	$	25,000	10
Trade names and other	63,000		11
Total	$	88,000

The provisional fair value and expected useful life of identifiable intangible assets consists of the following:

	Fair Value		Useful Life in Years
Customer relationships	$	200,000	12
Trade names and other	46,000		12
Total	$	246,000