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ACQUISITIONS (Tables) | 12 Months Ended
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Dec. 29, 2018
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed of Convert at the date of acquisition:
|  | At August 3, 2018
Current assets |  | $ | 18,349 |
Other assets |  | 3,166 |
Patent and Proprietary Technology |  | 16,554 |
Trade name |  | 8,701 |
Goodwill |  | 34,280 |
Total fair value of assets acquired |  | $ | 81,050 |
Current liabilities |  | 5,376 |
Contingent consideration liability |  | 11,608 |
Deferred taxes |  | 6,061 |
Total fair value of liabilities assumed |  | $ | 23,045 |
Non-controlling interests |  | 14,501 |
Net assets acquired |  | $ | 43,504 |
The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed of Walpar as of the date of acquisition:
|  | At August 3, 2018
Current assets |  | $ | 13,210 |
Customer relationships |  | 32,000 |
Trade name |  | 4,300 |
Goodwill |  | 42,216 |
Total fair value of assets acquired |  | $ | 91,726 |
Current liabilities |  | 2,185 |
Deferred taxes |  | 8,654 |
Total fair value of liabilities assumed |  | $ | 10,839 |
Non-controlling interests |  | 23,082 |
Net assets acquired |  | $ | 57,805 |
Pro forma results of operations | The Company's Consolidated Statements of Earnings for the fiscal year ended December 29, 2018 included net sales of $33,973 and net earnings of $1,566 resulting from the Walpar, Convert, Torrent, and CSP Coatings acquisitions. The proforma effect of these acquisitions on the 2018 and 2017 Consolidated Statements of Earnings is as follows:
|  | Fifty-two Weeks Ended December 29, 2018 |  | Fifty-two Weeks Ended December 30, 2017
Net sales |  | $ | 2,798,705 |  |  | $ | 2,818,035 |
Net earnings |  | 97,170 |  |  | 122,407 |
Earnings per share-diluted |  | 4.32 |  |  | 5.39 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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