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Acquisitions and Dispositions (Tables) | 9 Months Ended
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Sep. 28, 2024
Business Combinations [Abstract] |
Summary of Condensed Pro Forma Consolidated Results of Operations as if Acquisition Occurred at Beginning of Period | The following table presents condensed pro forma consolidated results of operations as if the Nehring acquisition had occurred at the beginning of the periods presented. The pro forma information does not purport to be indicative of the results that would have been obtained if the operations had actually been combined during the periods presented, and is not necessarily indicative of operating results to be expected in future periods. The most significant pro forma adjustments to the historical results of operations relate to the application of purchase accounting, the financing structure, and estimated income taxes.
|  | For the Quarter Ended | For the | For the Nine Months Ended
(In thousands, except per share data) |  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
Net sales |  | $ | 997,831 |  |  | $ | 910,348 |  |  | $ | 2,979,692 |  |  | $ | 2,991,673 |
Net income |  | 168,699 |  |  | 141,464 |  |  | 475,224 |  |  | 512,909 |
Basic earnings per share |  | $ | 1.51 |  |  | $ | 1.27 |  |  | $ | 4.27 |  |  | $ | 4.61 |
Diluted earnings per share |  | 1.48 |  |  | 1.24 |  |  | 4.17 |  |  | 4.52 |

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- 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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