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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 27, 2024
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):
Level20242023
Assets
Cash surrender value of life insurance2$24,411 $22,255 
Forward exchange contracts2116 — 
Total assets at fair value$24,527 $22,255 
Liabilities
Contingent consideration3$14,647 $1,375 
Deferred compensation28,196 6,445 
Forward exchange contracts2— 422 
Total liabilities at fair value$22,843 $8,242 
Accounts Receivable, Allowance for Credit Loss
Following is a summary of activity in the allowance for credit losses (in thousands):
202420232022
Balance, beginning$4,655 $6,130 $3,254 
Additions charged to costs and expenses930 1,125 3,567 
Additions (deductions) from reserves (1)
(383)(2,711)(633)
Other (deductions) additions(2)
(229)111 (58)
Balance, ending$4,973 $4,655 $6,130 
(1)    Additions represents amounts identified in acquisitions. Deductions represent 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):
20242023
Prepaid income taxes$25,097 $14,546 
Prepaid expenses and other29,799 20,524 
Total$54,896 $35,070 
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):
20242023
Land and improvements$73,767 $70,382 
Buildings and improvements610,580 500,373 
Manufacturing equipment481,400 441,824 
Office, warehouse and automotive equipment71,901 61,594 
Additions in progress25,205 132,609 
Total property, plant and equipment1,262,853 1,206,782 
Accumulated depreciation(491,197)(465,069)
Net property, plant and equipment$771,656 $741,713 
Schedule of Goodwill Changes in the carrying amounts of goodwill for each reportable segment were (in thousands):
ContractorIndustrialProcessTotal
Balance, December 30, 2022$77,034 $134,771 $156,366 $368,171 
Impairment— — (7,800)(7,800)
Foreign currency translation508 8,361 988 9,857 
Balance, December 29, 202377,542 143,132 149,554 370,228 
Additions, adjustments from business acquisitions126,101 — 4,022 130,123 
Foreign currency translation(5,605)(6,907)(371)(12,883)
Balance, December 27, 2024$198,038 $136,225 $153,205 $487,468 
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 27, 2024
Cost
$270,910 $34,731 $3,756 $95,091 $404,488 
Accumulated amortization
(143,689)(10,534)(1,478)— (155,701)
Foreign currency translation(12,102)(1,182)(79)(2,118)(15,481)
Book value
$115,119 $23,015 $2,199 $92,973 $233,306 
Weighted average life in years
1493N/A
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
Future Amortization Expense Estimated future annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):
20252026202720282029Thereafter
Estimated Amortization Expense$23,838 $16,996 $13,627 $11,490 $10,875 $63,507 
Components of Other Assets Components of other assets were (in thousands):
20242023
Cash surrender value of life insurance$24,411 $22,255 
Capitalized software2,853 2,602 
Equity method investment10,140 9,661 
Prepaid pension37,888 — 
Deposits and other7,461 3,332 
Total$82,753 $37,850 
Components of Other Current Liabilities Components of other current liabilities were (in thousands):
20242023
Accrued self-insurance retentions$8,240 $8,654 
Accrued warranty and service liabilities18,712 15,408 
Accrued trade promotions11,086 14,312 
Payable for employee stock purchases16,767 16,639 
Customer advances and deferred revenue52,522 51,578 
Income taxes payable8,102 9,837 
Tax payable, other14,557 12,289 
Operating lease liabilities, current7,838 8,242 
Right of return refund liability15,557 17,826 
Acquisition-related consideration payable10,339 — 
Other48,008 30,574 
Total$211,728 $185,359 
Accrued Warranty Liability Activity Following is a summary of activity in accrued warranty and service liabilities (in thousands):
20242023
Balance, beginning of year$15,408 $14,674 
Assumed in business acquisition3,861 — 
Charged to expense10,567 11,128 
Margin on parts sales reversed3,391 3,875 
Reductions for claims settled(14,515)(14,269)
Balance, end of year$18,712 $15,408 
Fair Market Value and Classification of Derivative Instruments The fair market value of such instruments follows (in thousands):
20242023
Foreign Currency Contracts
Assets$136 $26 
Liabilities(20)(448)
Net Assets (Liabilities)$116 $(422)