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Business Acquisitions
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6 Months Ended |
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Jun. 29, 2013
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| Business Combinations [Abstract] | |
| Business Acquisitions | Note 7 – Business Acquisitions
The operating results of all acquisitions are reflected in our financial statements from their respective acquisition dates.
We completed certain acquisitions during the six months ended June 29, 2013. Such acquisitions were immaterial to our financial statements individually and in the aggregate.
Some prior owners of such acquired subsidiaries are eligible to receive additional purchase price cash consideration if certain financial targets are met. For acquisitions completed prior to 2009, we accrue liabilities that may arise from these transactions when we believe that the outcome of the contingency is determinable beyond a reasonable doubt. For acquisitions completed in subsequent periods, we have accrued liabilities for the estimated fair value of additional purchase price consideration at the time of the acquisition. Any adjustments to these accrual amounts are recorded in our consolidated statements of income. For the six months ended June 29, 2013 and June 30, 2012, there were no material adjustments recorded in our consolidated statement of income relating to changes in estimated contingent purchase price liabilities. |