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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 30, 2022
Accounting Policies [Abstract]  
Assets and Liabilities Measured at Fair Value
Assets and liabilities measured at fair value on a recurring basis and fair value measurement level were as follows (in thousands):
Level20222021
Assets
Cash surrender value of life insurance2$19,192 $23,147 
Liabilities
Contingent consideration3$14,914 $12,274 
Deferred compensation25,842 5,962 
Forward exchange contracts2520 111 
Total liabilities at fair value$21,276 $18,347 
Accounts Receivable, Allowance for Credit Loss
Following is a summary of activity in the allowance for credit losses (in thousands):
202220212020
Balance, beginning$3,254 $3,745 $4,828 
Additions (reversals) charged to costs and expenses3,567 (27)647 
Deductions from reserves (1)
(633)(676)(2,732)
Other additions (deductions) (2)
(58)212 1,002 
Balance, ending$6,130 $3,254 $3,745 
(1)    Represents amounts determined to be uncollectible and charged against reserves, net of collections on accounts previously charged against reserves.
(2)     Includes effects of foreign currency translation.
Other Current Assets Amounts included in other current assets were (in thousands):
20222021
Prepaid income taxes$18,702 $10,485 
Prepaid expenses and other24,922 21,401 
Total$43,624 $31,886 
Property, Plant and Equipment For financial reporting purposes, plant and equipment are depreciated over their estimated useful lives, primarily by using the straight-line method as follows:
Buildings and improvements10 to 30 years
Leasehold improvementslesser of 5 to 10 years or life of lease
Manufacturing equipmentlesser of 5 to 10 years or life of equipment
Office, warehouse and automotive equipment3 to 10 years
Schedule of Goodwill Changes in the carrying amounts of goodwill for each reportable segment were (in thousands):
IndustrialProcessContractorTotal
Balance, December 25, 2020$140,997 $141,513 $65,093 $347,603 
Additions, adjustments from business acquisitions— — 13,321 13,321 
Foreign currency translation(3,842)(209)(618)(4,669)
Balance, December 31, 2021137,155 141,304 77,796 356,255 
Additions, adjustments from business acquisitions— 16,994 — 16,994 
Foreign currency translation(2,384)(1,932)(762)(5,078)
Balance, December 30, 2022$134,771 $156,366 $77,034 $368,171 
Intangible Assets
Components of other intangible assets were (dollars in thousands):
Finite LifeIndefinite Life
Customer
Relationships		Patents and
Proprietary
Technology		Trademarks,
Trade Names
and Other		Trade
Names		Total
As of December 30, 2022
Cost
$202,103 $26,374 $1,300 $62,633 $292,410 
Accumulated amortization
(123,603)(18,027)(330)— (141,960)
Foreign currency translation(10,060)(894)— (1,989)(12,943)
Book value
$68,440 $7,453 $970 $60,644 $137,507 
Weighted average life in years
13106N/A
As of December 31, 2021
Cost
$194,505 $26,074 $900 $62,633 $284,112 
Accumulated amortization
(108,657)(15,734)(452)— (124,843)
Foreign currency translation(7,710)(707)— (1,112)(9,529)
Book value
$78,138 $9,633 $448 $61,521 $149,740 
Weighted average life in years
13105N/A
Future Amortization Expense Estimated future annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):
20232024202520262027Thereafter
Estimated Amortization Expense$17,397 $16,169 $15,704 $8,972 $6,291 $12,330 
Components of Other Assets Components of other assets were (in thousands):
20222021
Cash surrender value of life insurance$19,192 $23,147 
Capitalized software2,189 2,394 
Equity method investment8,767 7,541 
Deposits and other2,970 3,607 
Total$33,118 $36,689 
Components of Other Current Liabilities Components of other current liabilities were (in thousands):
20222021
Accrued self-insurance retentions$9,338 $9,303 
Accrued warranty and service liabilities14,674 14,463 
Accrued trade promotions13,799 15,872 
Payable for employee stock purchases16,497 15,746 
Customer advances and deferred revenue50,747 60,554 
Income taxes payable15,987 5,200 
Tax payable, other9,614 8,295 
Operating lease liabilities, current9,555 9,096 
Right of return refund liability18,449 18,614 
Other32,133 34,016 
Total$190,793 $191,159 
Accrued Warranty Liability Activity Following is a summary of activity in accrued warranty and service liabilities (in thousands):
20222021
Balance, beginning of year$14,463 $13,082 
Assumed in business acquisition38 23 
Charged to expense8,946 10,764 
Margin on parts sales reversed3,292 3,475 
Reductions for claims settled(12,065)(12,881)
Balance, end of year$14,674 $14,463 
Fair Market Value and Classification of Derivative Instruments Net derivative assets are reported on the balance sheet in accounts receivable and net derivative liabilities are reported as other current liabilities. The fair market value of such instruments follows (in thousands):
20222021
Foreign Currency Contracts
Assets$157 $239 
Liabilities(677)(350)
Net Assets (Liabilities)$(520)$(111)