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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 29, 2023
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):
Level20232022
Assets
Cash surrender value of life insurance2$22,255 $19,192 
Liabilities
Contingent consideration3$1,375 $14,914 
Deferred compensation26,445 5,842 
Forward exchange contracts2422 520 
Total liabilities at fair value$8,242 $21,276 
Accounts Receivable, Allowance for Credit Loss
Following is a summary of activity in the allowance for credit losses (in thousands):
202320222021
Balance, beginning$6,130 $3,254 $3,745 
Additions (reversals) charged to costs and expenses1,125 3,567 (27)
Deductions from reserves (1)
(2,711)(633)(676)
Other additions (deductions) (2)
111 (58)212 
Balance, ending$4,655 $6,130 $3,254 
(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):
20232022
Prepaid income taxes$14,546 $18,702 
Prepaid expenses and other20,524 24,922 
Total$35,070 $43,624 
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
Property, plant and equipment were as follows (in thousands):
20232022
Land and improvements$70,382 $65,066 
Buildings and improvements500,373 376,115 
Manufacturing equipment441,824 439,109 
Office, warehouse and automotive equipment61,594 59,988 
Additions in progress132,609 126,198 
Total property, plant and equipment1,206,782 1,066,476 
Accumulated depreciation(465,069)(458,867)
Net property, plant and equipment$741,713 $607,609 
Schedule of Goodwill Changes in the carrying amounts of goodwill for each reportable segment were (in thousands):
IndustrialProcessContractorTotal
Balance, January 1, 2022$137,155 $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, 2022134,771 156,366 77,034 368,171 
Additions, adjustments from business acquisitions— — — — 
Impairment— (7,800)— (7,800)
Foreign currency translation8,361 988 508 9,857 
Balance, December 29, 2023$143,132 $149,554 $77,542 $370,228 
Intangible Assets
Components of other intangible assets, net were (dollars in thousands):
Finite LifeIndefinite Life
Customer
Relationships		Patents and
Proprietary
Technology		Trademarks,
Trade Names
and Other		Trade
Names		Total
As of December 29, 2023
Cost
$191,417 $14,174 $1,300 $62,633 $269,524 
Accumulated amortization
(128,248)(8,547)(561)— (137,356)
Foreign currency translation(7,591)(344)— 2,025 (5,910)
Book value
$55,578 $5,283 $739 $64,658 $126,258 
Weighted average life in years
1396N/A
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
Future Amortization Expense Estimated future annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):
20242025202620272028Thereafter
Estimated Amortization Expense$16,929 $16,459 $9,247 $6,423 $4,258 $8,284 
Components of Other Assets Components of other assets were (in thousands):
20232022
Cash surrender value of life insurance$22,255 $19,192 
Capitalized software2,602 2,189 
Equity method investment9,661 8,767 
Deposits and other3,332 2,970 
Total$37,850 $33,118 
Components of Other Current Liabilities Components of other current liabilities were (in thousands):
20232022
Accrued self-insurance retentions$8,654 $9,338 
Accrued warranty and service liabilities15,408 14,674 
Accrued trade promotions14,312 13,799 
Payable for employee stock purchases16,639 16,497 
Customer advances and deferred revenue51,578 50,747 
Income taxes payable9,837 15,987 
Tax payable, other12,289 9,614 
Operating lease liabilities, current8,242 9,555 
Right of return refund liability17,826 18,449 
Other30,574 32,133 
Total$185,359 $190,793 
Accrued Warranty Liability Activity Following is a summary of activity in accrued warranty and service liabilities (in thousands):
20232022
Balance, beginning of year$14,674 $14,463 
Assumed in business acquisition— 38 
Charged to expense11,128 8,946 
Margin on parts sales reversed3,875 3,292 
Reductions for claims settled(14,269)(12,065)
Balance, end of year$15,408 $14,674 
Fair Market Value and Classification of Derivative Instruments The fair market value of such instruments follows (in thousands):
20232022
Foreign Currency Contracts
Assets$26 $157 
Liabilities(448)(677)
Net Assets (Liabilities)$(422)$(520)