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Acquisitions (Tables)

12 Months Ended

Dec. 27, 2024

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

Schedule of Business Acquisitions, by Acquisition

The total purchase consideration consisted of the following (in thousands):

Cash paid			$	265,301
Acquisition-related consideration payable			10,339
Contingent consideration			14,607
Total purchase consideration			$	290,247

Preliminary purchase consideration was allocated to assets acquired and liabilities assumed based on estimated fair values as follows (in thousands):

Cash and cash equivalents			$	30,899
Accounts receivable			28,120
Inventories			26,375
Other current assets			17,915
Property, plant and equipment			16,619
Other non-current assets			5,854
Identifiable intangible assets			131,564
Goodwill			126,101
Current liabilities			(52,544)
Deferred income taxes, net			(33,166)
Other non-current liabilities			(7,490)
Total net assets acquired			$	290,247

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The total purchase consideration consisted of the following (in thousands):

Cash paid			$	265,301
Acquisition-related consideration payable			10,339
Contingent consideration			14,607
Total purchase consideration			$	290,247

Preliminary purchase consideration was allocated to assets acquired and liabilities assumed based on estimated fair values as follows (in thousands):

Cash and cash equivalents			$	30,899
Accounts receivable			28,120
Inventories			26,375
Other current assets			17,915
Property, plant and equipment			16,619
Other non-current assets			5,854
Identifiable intangible assets			131,564
Goodwill			126,101
Current liabilities			(52,544)
Deferred income taxes, net			(33,166)
Other non-current liabilities			(7,490)
Total net assets acquired			$	290,247

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Identifiable intangible assets and estimated useful life are as follows (in thousands):

									Estimated Life (years)
Trade name			$	32,458					Indefinite
Customer relationship			76,493						15
Developed technology			20,557						10
Backlog			2,056						0.5
Total identifiable intangibles assets			$	131,564

Schedule of Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Identifiable intangible assets and estimated useful life are as follows (in thousands):

									Estimated Life (years)
Trade name			$	32,458					Indefinite
Customer relationship			76,493						15
Developed technology			20,557						10
Backlog			2,056						0.5
Total identifiable intangibles assets			$	131,564

Business Acquisition, Pro Forma Information

The following unaudited pro forma information provides the results of operations for the years ended December 27, 2024 and December 29, 2023, as if the acquisition had been completed at the beginning of fiscal year 2023 (in thousands, except per share amounts):

			2024						2023
Net sales			$	2,218,982					$	2,316,030
Net earnings			489,109						501,114
Earnings per share
Basic			$2.90						$2.97
Diluted			$2.84						$2.91

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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