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Acquisitions (Tables)
9 Months Ended
Sep. 26, 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 September 26, 2025 and September 27, 2024, as if the acquisition of Corob had been completed at the beginning of fiscal year 2023 (in thousands, except per share amounts):
Three Months EndedNine Months Ended
September 26,
2025
September 27,
2024
September 26,
2025
September 27,
2024
Net sales$543,358 $547,548 $1,643,448 $1,660,820 
Net earnings137,628 121,935 390,887 379,689 
Earnings per share
Basic$0.83 $0.72 $2.34 $2.25 
Diluted$0.82 $0.71 $2.30 $2.20