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Acquisitions and Purchase Accounting (Tables) | 9 Months Ended
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Sep. 29, 2012
Beech |
Schedule of Business Acquisitions, by Acquisition | The final allocation of cash paid for the Beech acquisition is summarized as follows (in thousands):
| (as initially reported) Apr 12, 2011 |  | Measurement Period Adjustments |  | (as adjusted) Apr 12, 2011
Cash | $ | 525 |  |  | $ | — |  |  | $ | 525 |
Current assets | 1,145 |  |  | (299 | ) |  | 846 |
Property, plant and equipment | 57 |  |  | — |  |  | 57 |
Goodwill | 11,433 |  |  | (192 | ) |  | 11,241 |
Other intangibles | 2,317 |  |  | (294 | ) |  | 2,023 |
Current liabilities | (1,100 | ) |  | (41 | ) |  | (1,141 | )
Other non-current liabilities | (893 | ) |  | 826 |  |  | (67 | )
Net assets acquired and liabilities assumed | $ | 13,484 |  |  | $ | — |  |  | $ | 13,484 |
Lincat |
Schedule of Business Acquisitions, by Acquisition | The final allocation of cash paid for the Lincat acquisition is summarized as follows (in thousands):
| (as initially reported) May 27, 2011 |  | Measurement Period Adjustments |  | (as adjusted) May 27, 2011
Cash | $ | 12,392 |  |  | $ | — |  |  | $ | 12,392 |
Current assets | 16,992 |  |  | (29 | ) |  | 16,963 |
Property, plant and equipment | 14,368 |  |  | — |  |  | 14,368 |
Goodwill | 45,765 |  |  | (7,274 | ) |  | 38,491 |
Other intangibles | 31,343 |  |  | 1,976 |  |  | 33,319 |
Current liabilities | (10,924 | ) |  | 1,174 |  |  | (9,750 | )
Long-term deferred tax liability | (13,803 | ) |  | 4,153 |  |  | (9,650 | )
Other non-current liabilities | (1,611 | ) |  | — |  |  | (1,611 | )
Net assets acquired and liabilities assumed | $ | 94,522 |  |  | $ | — |  |  | $ | 94,522 |
Danfotech |
Schedule of Business Acquisitions, by Acquisition |
| (as initially reported) July 5, 2011 |  | Measurement Period Adjustments |  | (as adjusted) July 5, 2011
Cash | $ | 165 |  |  | $ | — |  |  | $ | 165 |
Deferred tax asset | — |  |  | 235 |  |  | 235 |
Current assets | 1,073 |  |  | (370 | ) |  | 703 |
Property, plant and equipment | 102 |  |  | (55 | ) |  | 47 |
Goodwill | 3,423 |  |  | 2,255 |  |  | 5,678 |
Other intangibles | 1,864 |  |  | (778 | ) |  | 1,086 |
Other assets | 4 |  |  | — |  |  | 4 |
Current liabilities | (309 | ) |  | (807 | ) |  | (1,116 | )
Long-term deferred tax liability | (46 | ) |  | (91 | ) |  | (137 | )
Other non-current liabilities | — |  |  | (750 | ) |  | (750 | )
Consideration paid at closing | $ | 6,276 |  |  | $ | (361 | ) |  | $ | 5,915 |
Additional assets acquired post closing | — |  |  | 730 |  |  | 730 |
Contingent consideration | 1,500 |  |  | — |  |  | 1,500 |
Net assets acquired and liabilities assumed | $ | 7,776 |  |  | $ | 369 |  |  | $ | 8,145 |
Maurer |
Schedule of Business Acquisitions, by Acquisition |
| (as initially reported) July 22, 2011 |  | Measurement Period Adjustments |  | (as adjusted) July 22, 2011
Current assets | $ | 1,673 |  |  | $ | (668 | ) |  | $ | 1,005 |
Property, plant and equipment | 628 |  |  | — |  |  | 628 |
Goodwill | 870 |  |  | 350 |  |  | 1,220 |
Other intangibles | 922 |  |  | — |  |  | 922 |
Current liabilities | (246 | ) |  | (264 | ) |  | (510 | )
Net assets acquired and liabilities assumed | $ | 3,847 |  |  | $ | (582 | ) |  | $ | 3,265 |
Auto-Bake |
Schedule of Business Acquisitions, by Acquisition |
| (as initially reported) Aug 1, 2011 |  | Measurement Period Adjustments |  | (as adjusted) Aug 1, 2011
Cash | $ | 110 |  |  | $ | — |  |  | $ | 110 |
Current assets | 3,209 |  |  | 47 |  |  | 3,256 |
Property, plant and equipment | 477 |  |  | — |  |  | 477 |
Goodwill | 16,259 |  |  | 1,865 |  |  | 18,124 |
Other intangibles | 6,784 |  |  | (2,726 | ) |  | 4,058 |
Other assets | 336 |  |  | (11 | ) |  | 325 |
Current liabilities | (2,506 | ) |  | 8 |  |  | (2,498 | )
Long-term deferred tax liability | (2,035 | ) |  | 817 |  |  | (1,218 | )
Net assets acquired and liabilities assumed | $ | 22,634 |  |  | $ | — |  |  | $ | 22,634 |
Drake |
Schedule of Business Acquisitions, by Acquisition | The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):
| (as initially reported) Dec 2, 2011 |  | Measurement Period Adjustments |  | (as adjusted) Dec 2, 2011
Cash | $ | 427 |  |  | $ | — |  |  | $ | 427 |
Deferred tax asset | 390 |  |  | — |  |  | 390 |
Current assets | 4,245 |  |  | — |  |  | 4,245 |
Property, plant and equipment | 1,773 |  |  | — |  |  | 1,773 |
Goodwill | 15,237 |  |  | 403 |  |  | 15,640 |
Other intangibles | 5,810 |  |  | — |  |  | 5,810 |
Other assets | 9 |  |  | — |  |  | 9 |
Current liabilities | (3,334 | ) |  | — |  |  | (3,334 | )
Long-term deferred tax liability | (2,395 | ) |  | — |  |  | (2,395 | )
Net assets acquired and liabilities assumed | $ | 22,162 |  |  | $ | 403 |  |  | $ | 22,565 |
Armor Inox |
Schedule of Business Acquisitions, by Acquisition | The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):
| (as initially reported) Dec 21, 2011 |  | Measurement Period Adjustments |  | (as adjusted) Dec 21, 2011
Cash | $ | 18,201 |  |  | $ | — |  |  | $ | 18,201 |
Current assets | 14,612 |  |  | (875 | ) |  | 13,737 |
Property, plant and equipment | 941 |  |  | 489 |  |  | 1,430 |
Goodwill | 23,789 |  |  | 386 |  |  | 24,175 |
Other intangibles | 12,155 |  |  | — |  |  | 12,155 |
Other assets | 25 |  |  | — |  |  | 25 |
Current liabilities | (18,440 | ) |  | — |  |  | (18,440 | )
Long-term deferred tax liability | (3,975 | ) |  | — |  |  | (3,975 | )
Other non-current liabilities | (450 | ) |  | — |  |  | (450 | )
Net assets acquired and liabilities assumed | $ | 46,858 |  |  | $ | — |  |  | $ | 46,858 |
Baker |
Schedule of Business Acquisitions, by Acquisition | The following estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed (in thousands):
| (as initially reported) Mar 14, 2012 |  | Measurement Period Adjustments |  | (as adjusted) Mar 14, 2012
Current assets | $ | 4,617 |  |  | $ | (736 | ) |  | $ | 3,881 |
Property, plant and equipment | 221 |  |  | — |  |  | 221 |
Goodwill | 5,797 |  |  | (14 | ) |  | 5,783 |
Other intangibles | — |  |  | 750 |  |  | 750 |
Current liabilities | (385 | ) |  | — |  |  | (385 | )
Net assets acquired and liabilities assumed | $ | 10,250 |  |  | $ | — |  |  | $ | 10,250 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Appendix F -Paragraph F4 -Subparagraph e Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1392-128463 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1486-128463 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 52 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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