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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 26, 2015
Acquisitions and Dispositions [Abstract] |
Schedule of final valuation of the long-lived assets | The following table summarizes the allocation of the purchase price to acquire these businesses, which was financed by available cash balances, as well as the assets acquired and liabilities assumed at the respective acquisition dates. For the Great Lakes, Sherwood, and Turbotec acquisitions, the purchase price allocations are provisional as of December 26, 2015 and subject to change upon completion of the final valuation of the long-lived assets during their respective measurement periods.
(in thousands) |  | Great Lakes |  |  | Sherwood |  |  | Turbotec |  |  | Yorkshire |  |  | Howell |  |  |
Total consideration |  | $ | 70,011 |  |  | $ | 21,795 |  |  | $ | 14,138 |  |  | $ | 30,137 |  |  | $ | 55,276 |  |  |
Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | 26,079 |  |  |  | 6,490 |  |  |  | 1,936 |  |  |  | — |  |  |  | 14,564 |  |  |
Inventories |  |  | 15,233 |  |  |  | 11,892 |  |  |  | 3,247 |  |  |  | 17,579 |  |  |  | 27,615 |  |  |
Other current assets |  |  | 22 |  |  |  | 260 |  |  |  | 72 |  |  |  | 1,034 |  |  |  | 571 |  |  |
Property, plant, and equipment |  |  | 22,771 |  |  |  | 10,327 |  |  |  | 9,080 |  |  |  | 2,103 |  |  |  | 20,293 |  |  |
Goodwill(1) |  |  | 19,087 |  | (1) |  | — |  |  |  | 2,088 |  |  |  | 8,075 |  | (1) |  | 1,358 |  |  | (1)
Intangible assets |  |  | 27,468 |  |  |  | (38 | ) |  |  | 880 |  |  |  | 16,937 |  |  |  | 2,320 |  |  |
Other assets |  |  | 1,413 |  |  |  | — |  |  |  | 59 |  |  |  | — |  |  |  | — |  |  |
Total assets acquired |  |  | 112,073 |  |  |  | 28,931 |  |  |  | 17,362 |  |  |  | 45,728 |  |  |  | 66,721 |  |  |
Accounts payable |  |  | 36,026 |  |  |  | 6,022 |  |  |  | 1,603 |  |  |  | 10,188 |  |  |  | 9,208 |  |  |
Accrued wages & other employee costs |  |  | — |  |  |  | 471 |  |  |  | 356 |  |  |  | 1,167 |  |  |  | 703 |  |  |
Other current liabilities |  |  | 381 |  |  |  | 487 |  |  |  | 51 |  |  |  | 4,236 |  |  |  | 1,534 |  |  |
Postretirement benefits other than pensions |  |  | 5,655 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |
Other noncurrent liabilities |  |  | — |  |  |  | 156 |  |  |  | 1,214 |  |  |  | — |  |  |  | — |  |  |
Total liabilities assumed |  |  | 42,062 |  |  |  | 7,136 |  |  |  | 3,224 |  |  |  | 15,591 |  |  |  | 11,445 |  |  |
Net assets acquired |  | $ | 70,011 |  |  | $ | 21,795 |  |  | $ | 14,138 |  |  | $ | 30,137 |  |  | $ | 55,276 |  |  |
(1) Tax-deductible goodwill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible assets identified in the allocation of the purchase price | The gross and net book value of other intangible assets included in other assets at December 26, 2015 was as follows:
(In thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 30,882 |  |  | $ | (1,488 | ) |  | $ | 29,394 |
Non-compete agreements |  |  | 6,534 |  |  |  | (2,838 | ) |  |  | 3,696 |
Patents and technology |  |  | 9,798 |  |  |  | (5,323 | ) |  |  | 4,475 |
Trade names and licenses |  |  | 4,160 |  |  |  | (574 | ) |  |  | 3,586 |
Other |  |  | 213 |  |  |  | (728 | ) |  |  | (515 | )
Other intangible assets |  | $ | 51,587 |  |  | $ | (10,951 | ) |  | $ | 40,636 |
The carrying amount of intangible assets at December 27, 2014 was as follows:
(In thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 11,852 |  |  | $ | (526 | ) |  | $ | 11,326 |
Non-compete agreements |  |  | 4,495 |  |  |  | (1,307 | ) |  |  | 3,188 |
Patents and technology |  |  | 6,852 |  |  |  | (4,744 | ) |  |  | 2,108 |
Trade names and licenses |  |  | 1,670 |  |  |  | (252 | ) |  |  | 1,418 |
Other |  |  | 877 |  |  |  | (453 | ) |  |  | 424 |
Other intangible assets |  | $ | 25,746 |  |  | $ | (7,282 | ) |  | $ | 18,464 |

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