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Acquisitions (Tables)
 6 Months Ended
Jun. 27, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination
The total purchase consideration consisted of the following (in thousands):
Cash paid$276,188 
Contingent consideration14,498 
Total purchase consideration$290,686 

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 receivable28,120 
Inventories26,119 
Other current assets18,515 
Property, plant and equipment16,619 
Other non-current assets5,854 
Identifiable intangible assets131,240 
Goodwill127,252 
Current liabilities(52,968)
Deferred income taxes, net(33,474)
Other non-current liabilities(7,490)
Total net assets acquired$290,686 
Business Combination, Recognized Asset Acquired and Liability Assumed
The total purchase consideration consisted of the following (in thousands):
Cash paid$276,188 
Contingent consideration14,498 
Total purchase consideration$290,686 

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 receivable28,120 
Inventories26,119 
Other current assets18,515 
Property, plant and equipment16,619 
Other non-current assets5,854 
Identifiable intangible assets131,240 
Goodwill127,252 
Current liabilities(52,968)
Deferred income taxes, net(33,474)
Other non-current liabilities(7,490)
Total net assets acquired$290,686 
Business Combination, Intangible Asset, Acquired, Finite-Lived
Identifiable intangible assets and estimated useful life are as follows (in thousands):
Estimated Life (years)
Trade name$32,458 Indefinite
Customer relationship76,169 15
Developed technology20,557 10
Backlog2,056 0.5
Total identifiable intangibles assets$131,240 
Business Combination, Intangible Asset, Acquired, Indefinite-Lived
Identifiable intangible assets and estimated useful life are as follows (in thousands):
Estimated Life (years)
Trade name$32,458 Indefinite
Customer relationship76,169 15
Developed technology20,557 10
Backlog2,056 0.5
Total identifiable intangibles assets$131,240 
Business Combination, Pro Forma Information
The following unaudited pro forma information provides the results of operations for the periods ended June 27, 2025 and June 28, 2024, as if the acquisition had been completed at the beginning of fiscal year 2023 (in thousands, except per share amounts):
Three Months EndedSix Months Ended
June 27,
2025		June 28,
2024		June 27,
2025		June 28,
2024
Net sales$571,806 $588,253 $1,100,090 $1,113,273 
Net earnings128,138 134,698 253,258 257,755 
Earnings per share
Basic$0.77 $0.80 $1.51 $1.53 
Diluted$0.76 $0.78 $1.49 $1.49