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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 30, 2023
Business Combination and Asset Acquisition [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 were financed by available cash balances, as well as the assets acquired and liabilities assumed at the respective acquisition dates. The purchase price allocations for all acquisitions have been finalized as of December 30, 2023.
(In thousands) |  | Mueller Middle East |  |  | H&C Flex
Total consideration |  | $ | 20,017 |  |  |  | $ | 15,279
Allocated to: |  |  |  |  |
Accounts receivable |  | 10,652 |  |  |  | —
Inventories |  | 4,727 |  |  |  | 4,511
Other current assets |  | 1,744 |  |  |  | —
Property, plant, and equipment |  | 26,664 |  |  |  | 10,813
Operating lease right-of-use assets |  | 935 |  |  |  | —
Goodwill |  | 864 |  |  |  | —
Intangible assets |  | 452 |  |  |  | —
Total assets acquired |  | 46,038 |  |  |  | 15,324
Accounts payable |  | 4,593 |  |  |  | —
Other current liabilities |  | 10,941 |  |  |  | 45
Other noncurrent liabilities |  | 692 |  |  |  | —
Total liabilities assumed |  | 16,226 |  |  |  | 45
Noncontrolling interest |  | 9,795 |  |  |  | —
Net assets acquired |  | $ | 20,017 |  |  |  | $ | 15,279
Schedule of Intangible Assets Identified in the Allocation of the Purchase Price | The following details the total intangible assets identified in the allocation of the purchase price at the respective acquisition dates:
(In thousands) |  | Estimated Useful Life |  | Mueller Middle East
Intangible asset type: |  |  |  |
Customer relationships |  | 20 years |  | $ | 452 |
Total intangible assets |  |  |  | $ | 452 |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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