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Subsequent Event | 12 Months Ended
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Dec. 29, 2012
Subsequent Events [Abstract] |
Subsequent Event | SUBSEQUENT EVENT On December 31, 2012, subsequent to the company's fiscal 2012 year end, the company completed its acquisition of Viking Range Corporate (“Viking”) for $380.0 million in cash. The transaction was funded from borrowing under the company's senior secured revolving credit facility. Viking is a leading manufacturer of premium residential cooking ranges, ovens and kitchen appliances. Headquartered in Greenwood, Mississippi, Viking has approximately $200.0 million in annual revenues. The financial results of Viking had no impact on the company's 2012 financial position, results of operations or cash flows. The company is currently assessing the fair value of assets acquired and liabilities assumed. On a preliminary basis, the company anticipates that the identifiable intangibles will be approximately $152.5 million primarily related to the tradename. The preliminary estimate of excess purchase price over net assets and liabilities assumed which is to be allocated to goodwill is approximately $180.0 million. In future periods, the financial results, goodwill and other intangibles of Viking will be allocated to a separate business segment. These assets are expected to be deductible for tax purposes. Preliminary pro forma results of operations for the nine months ended September 29, 2012 and the full year ended December 31, 2011 for the Viking acquisition assumes the acquisition was completed on January 1, 2011 are as follows:
| September 29, 2012 | December 31, 2011
Net sales | 920,232 |  | 1,075,278 |
Net earnings | 70,217 |  | 79,665 |
Net earnings per share | 3.79 |  | 4.30 |
Basic | 18,237 |  | 17,998 |
Diluted | 18,539 |  | 18,534 |

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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