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Aqcuisitions and Purchase Accounting (Tables) | 12 Months Ended
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Jan. 02, 2016
Business Acquisition [Line Items] |
Schedule of Business Acquisition Pro Forma Information | Viking Distributors 2013 Subsequent to the acquisition of Viking, the company, through Viking, purchased certain assets of four of Viking's former distributors ("Viking Distributors 2013"). The aggregate purchase price of these transactions as of June 29, 2013 was approximately $23.6 million. This included $8.7 million in forgiveness of liabilities owed to Viking resulting from pre-existing relationships with Viking. The final allocation of cash paid for the Viking Distributors 2013 is summarized as follows (in thousands):
| (as initially reported) Jun 29, 2013 |  | Measurement Period Adjustments |  | (as adjusted) Jun 29, 2013
Current assets | $ | 21,390 |  |  | $ | (3,599 | ) |  | $ | 17,791 |
Property, plant and equipment | 1,318 |  |  | — |  |  | 1,318 |
Goodwill | 1,709 |  |  | 3,599 |  |  | 5,308 |
Current liabilities | (804 | ) |  | — |  |  | (804 | )
Net assets acquired and liabilities assumed | $ | 23,613 |  |  | $ | — |  |  | $ | 23,613 |
Forgiveness of liabilities owed to Viking | (8,697 | ) |  | — |  |  | (8,697 | )
Consideration paid at closing | $ | 14,916 |  |  | $ | — |  |  | $ | 14,916 |
The goodwill is subject to the non-amortization provisions of ASC 350 and is allocated to the Residential Kitchen Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes. Celfrost On October 15, 2013, the company completed its acquisition of substantially all of the assets of Celfrost Innovations Pvt. Ltd. ("Celfrost"), a preferred commercial foodservice equipment supplier in India with a broad line of cold side products such as professional refrigerators, coldrooms, ice machines and freezers marketed under the Celfrost brand for a purchase price of approximately $11.2 million. Additional deferred payments totaling $0.8 million were made in the fourth quarter of 2014 and 2015, as provided for in the purchase agreement. Additional deferred payments of approximately $0.3 million in aggregate are also due to the seller in equal installments on the second and third anniversary of the acquisition. The final allocation of cash paid for the Celfrost acquisition is summarized as follows (in thousands):
| (as initially reported) Oct 15, 2013 |  | Measurement Period Adjustments |  | (as adjusted) Oct 15, 2013
Current assets | $ | 5,638 |  |  | $ | (124 | ) |  | $ | 5,514 |
Property, plant and equipment | 182 |  |  | — |  |  | 182 |
Goodwill | 5,943 |  |  | 1,718 |  |  | 7,661 |
Other intangibles | 4,333 |  |  | — |  |  | 4,333 |
Other assets | 4 |  |  | — |  |  | 4 |
Current liabilities | (3,979 | ) |  | (1,594 | ) |  | (5,573 | )
Other non-current liabilities | (875 | ) |  | — |  |  | (875 | )
Consideration paid at closing | $ | 11,246 |  |  | $ | — |  |  | $ | 11,246 |
Deferred payments | 1,067 |  |  | — |  |  | 1,067 |
Net assets acquired and liabilities assumed | $ | 12,313 |  |  | $ | — |  |  | $ | 12,313 |
The goodwill and $2.3 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $1.9 million allocated to customer relationships and $0.1 million allocated to backlog which are being amortized over periods of 7 years and 3 months, respectively. Goodwill and other intangibles of Celfrost are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes. Wunder-Bar On December 17, 2013, the company completed its acquisition of all of the capital stock of Automatic Bar Controls, Inc. ("Wunder-Bar") a leading manufacturer of beverage dispensing systems for the commercial foodservice industry, for a purchase price of approximately $74.1 million, net of cash acquired. During the third quarter of 2014, the company finalized the working capital provision provided by the purchase agreement resulting in a return from the seller of $0.1 million. In 2014, the company purchased additional assets related to Wunder-Bar for approximately $0.8 million. An additional deferred payment of $0.6 million is also payable to the seller pursuant to the purchase agreement. The final allocation of cash paid for the Wunder-Bar acquisition is summarized as follows (in thousands):
| (as initially reported) Dec 17, 2013 |  | Measurement Period Adjustments |  | (as adjusted) Dec 17, 2013
Cash | $ | 857 |  |  | $ | — |  |  | $ | 857 |
Current deferred tax asset | 50 |  |  | 188 |  |  | 238 |
Current assets | 13,127 |  |  | 656 |  |  | 13,783 |
Property, plant and equipment | 1,735 |  |  | (312 | ) |  | 1,423 |
Goodwill | 45,056 |  |  | (3,251 | ) |  | 41,805 |
Other intangibles | 30,000 |  |  | 3,060 |  |  | 33,060 |
Other assets | — |  |  | 290 |  |  | 290 |
Current liabilities | (5,013 | ) |  | 865 |  |  | (4,148 | )
Long-term deferred tax liability | (10,811 | ) |  | (1,280 | ) |  | (12,091 | )
Other non-current liabilities | (1 | ) |  | (365 | ) |  | (366 | )
Consideration paid at closing | $ | 75,000 |  |  | $ | (149 | ) |  | $ | 74,851 |
Additional assets acquired post closing | — |  |  | 848 |  |  | 848 |
Deferred payments | — |  |  | 586 |  |  | 586 |
Net assets acquired and liabilities assumed | $ | 75,000 |  |  | $ | 1,285 |  |  | $ | 76,285 |
The current deferred tax assets and long term deferred tax liabilities amounted to $0.2 million and $12.1 million, respectively. These net assets are comprised of $0.2 million of assets arising from the difference between the book and tax basis of tangible asset and liability accounts, net of $12.1 million of deferred tax liabilities related to difference between the book and tax basis of identifiable intangible assets. The goodwill and $12.7 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $20.2 million allocated to customer relationships and $0.2 million allocated to backlog which are to be amortized over a period of 14 years and 3 months, respectively. Goodwill and other intangibles of Wunder-Bar are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes. Market Forge On January 7, 2014, the company completed its acquisition of certain assets of Market Forge Industries, Inc. (“Market Forge”), a leading manufacturer of steam cooking equipment for the commercial foodservice industry, for a purchase price of approximately $7.0 million. During the first quarter of 2014, the company finalized the working capital provision provided for by the purchase agreement resulting in an additional payment to the seller of $0.2 million. Additional deferred payments of $3.0 million in aggregate were paid to the seller during the second and third quarters of 2014. An additional contingent payment of $1.5 million was paid to the seller during the first quarter of 2015 upon the achievement of certain financial targets for the fiscal year 2014. The final allocation of cash paid for the Market Forge acquisition is summarized as follows (in thousands):
| (as initially reported) Jan 7, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Jan 7, 2014
Current assets | $ | 2,051 |  |  | $ | (100 | ) |  | $ | 1,951 |
Property, plant and equipment | 120 |  |  | — |  |  | 120 |
Goodwill | 5,252 |  |  | 654 |  |  | 5,906 |
Other intangibles | 4,191 |  |  | — |  |  | 4,191 |
Current liabilities | (4,374 | ) |  | (554 | ) |  | (4,928 | )
Consideration paid at closing | $ | 7,240 |  |  | $ | — |  |  | $ | 7,240 |
Deferred payments | 3,000 |  |  | — |  |  | 3,000 |
Contingent consideration | 1,374 |  |  | 126 |  |  | 1,500 |
Net assets acquired and liabilities assumed | $ | 11,614 |  |  | $ | 126 |  |  | $ | 11,740 |
The goodwill and $2.9 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $1.1 million allocated to customer relationships, $0.2 million allocated to developed technology and less than $0.1 million allocated to backlog, which are to be amortized over periods of 4 years, 5 years and 3 months, respectively. Goodwill and other intangibles of Market Forge are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes. Viking Distributors 2014 The company, through Viking, purchased certain assets of two of Viking's former distributors ("Viking Distributors 2014"). The aggregate purchase price of these transactions as of January 31, 2014 was approximately $44.5 million. This included $6.0 million in forgiveness of liabilities owed to Viking resulting from pre-existing relationships with Viking. The final allocation of cash paid for the Viking Distributors 2014 acquisition is summarized as follows (in thousands):
| (as initially reported) Jan 31, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Jan 31, 2014
Current assets | $ | 35,909 |  |  | $ | (8,101 | ) |  | $ | 27,808 |
Property, plant and equipment | 2,000 |  |  | (291 | ) |  | 1,709 |
Goodwill | 7,552 |  |  | 8,647 |  |  | 16,199 |
Current liabilities | (1,005 | ) |  | (255 | ) |  | (1,260 | )
Net assets acquired and liabilities assumed | $ | 44,456 |  |  | $ | — |  |  | $ | 44,456 |
Forgiveness of liabilities owed to Viking | (5,971 | ) |  | — |  |  | (5,971 | )
Consideration paid at closing | $ | 38,485 |  |  | $ | — |  |  | $ | 38,485 |
The goodwill is subject to the non-amortization provisions of ASC 350 and is allocated to the Residential Kitchen Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes. Processing Equipment Solutions On March 31, 2014, the company completed its acquisition of substantially all of the assets of Processing Equipment Solutions, Inc. ("PES"), a leading manufacturer of water jet cutting equipment for the food processing industry, for a purchase price of approximately $15.0 million. An additional payment is also due upon the achievement of certain financial targets. During the third quarter of 2014, the company finalized the working capital provision provided by the purchase agreement resulting in no adjustment to the original purchase price. The final allocation of cash paid for the PES acquisition is summarized as follows (in thousands):
| (as initially reported) Mar 31, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Mar 31, 2014
Current assets | $ | 2,211 |  |  | $ | (153 | ) |  | $ | 2,058 |
Property, plant and equipment | 3,493 |  |  | — |  |  | 3,493 |
Goodwill | 10,792 |  |  | 332 |  |  | 11,124 |
Other intangibles | 1,600 |  |  | 18 |  |  | 1,618 |
Other assets | 21 |  |  | (21 | ) |  | — |
Current liabilities | (816 | ) |  | — |  |  | (816 | )
Consideration paid at closing | $ | 15,000 |  |  | $ | — |  |  | $ | 15,000 |
Contingent consideration | 2,301 |  |  | 176 |  |  | 2,477 |
Net assets acquired and liabilities assumed | $ | 17,301 |  |  | $ | 176 |  |  | $ | 17,477 |
The goodwill is subject to the non-amortization provisions of ASC 350. Other intangibles includes $1.0 million allocated to customer relationships, $0.6 million allocated to developed technology and less than $0.1 million allocated to backlog, which are being amortized over periods of 5 years, 5 years and 3 months, respectively. Goodwill and other intangibles of PES are allocated to the Food Processing Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes. The PES purchase agreement includes an earnout provision providing for a contingent payment due to the sellers to the extent certain financial targets are exceeded. This earnout is payable within the first quarter of 2017 if PES exceeds certain sales targets for fiscal 2014, 2015 and 2016. The contractual obligation associated with the contingent earnout provision recognized on the acquisition date is $2.5 million. Concordia On September 8, 2014, the company completed its acquisition of all of the capital stock of Concordia Coffee Company, Inc. ("Concordia"), a leading manufacturer of automated and self-service coffee and espresso machines for the commercial foodservice industry, for a purchase price of approximately $12.5 million, net of cash acquired. An additional payment is also due upon the achievement of certain financial targets. During the first quarter of 2015, the company finalized the working capital provision provided by the purchase agreement resulting in a return from the seller of $0.1 million. The final allocation of cash paid for the Concordia acquisition is summarized as follows (in thousands):
| (as initially reported) Sep 8, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Sep 8, 2014
Cash | $ | 345 |  |  | $ | — |  |  | $ | 345 |
Current deferred tax asset | — |  |  | 726 |  |  | 726 |
Current assets | 3,767 |  |  | (497 | ) |  | 3,270 |
Goodwill | 11,255 |  |  | (5,720 | ) |  | 5,535 |
Other intangibles | 4,500 |  |  | (1,200 | ) |  | 3,300 |
Long-term deferred tax asset | — |  |  | 3,264 |  |  | 3,264 |
Current liabilities | (2,296 | ) |  | (842 | ) |  | (3,138 | )
Other non-current liabilities | (4,710 | ) |  | 4,189 |  |  | (521 | )
Consideration paid at closing | $ | 12,861 |  |  | $ | (80 | ) |  | $ | 12,781 |
Contingent consideration | 4,710 |  |  | (4,189 | ) |  | 521 |
Net assets acquired and liabilities assumed | $ | 17,571 |  |  | $ | (4,269 | ) |  | $ | 13,302 |
The current and long term deferred tax assets amounted to $0.7 million and $3.3 million, respectively. These net assets are comprised of $4.1 million related to federal net operating loss carry forwards, $1.1 million of assets arising from the difference between the book and tax basis of tangible asset and liability accounts, net of $1.2 million of deferred tax liabilities related to the difference between the book and tax basis of identifiable intangible assets. Federal net operating loss carry forwards are subject to carry forward limitations for income tax purposes. The goodwill and $1.1 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles includes $2.2 million allocated to customer relationships, which is being amortized over a period of 10 years. Goodwill and other intangibles of Concordia are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes. The Concordia purchase agreement includes an earnout provision providing for a contingent payment due to the sellers to the extent certain financial targets are exceeded. This earnout is payable within the first quarter of 2017 if Concordia exceeds certain sales targets for fiscal 2015 and 2016. The contractual obligation associated with the contingent earnout provision recognized on the acquisition date is $0.5 million. U-Line On November 5, 2014, the company completed its acquisition of all of the capital stock of U-Line Corporation ("U-Line"), a leading manufacturer of premium residential built-in modular ice making, refrigeration and wine preservation products for the residential industry, for a purchase price of approximately $142.0 million, net of cash acquired. During the first quarter of 2015, the company finalized the working capital provision provided by the purchase agreement resulting in a return from the seller of $0.3 million. The final allocation of cash paid for the U-Line acquisition is summarized as follows (in thousands):
| (as initially reported) Nov 5, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Nov 5, 2014
Cash | $ | 12,764 |  |  | $ | — |  |  | $ | 12,764 |
Current deferred tax asset | 657 |  |  | 114 |  |  | 771 |
Current assets | 12,237 |  |  | — |  |  | 12,237 |
Property, plant and equipment | 3,376 |  |  | — |  |  | 3,376 |
Goodwill | 89,501 |  |  | (8,000 | ) |  | 81,501 |
Other intangibles | 57,500 |  |  | 17,700 |  |  | 75,200 |
Current liabilities | (6,032 | ) |  | (1,973 | ) |  | (8,005 | )
Long-term deferred tax liability | (13,095 | ) |  | (4,657 | ) |  | (17,752 | )
Other non-current liabilities | (2,111 | ) |  | (3,459 | ) |  | (5,570 | )
Net assets acquired and liabilities assumed | $ | 154,797 |  |  | $ | (275 | ) |  | $ | 154,522 |
The current deferred tax assets and long term deferred tax liabilities amounted to $0.8 million and $17.8 million, respectively. These net assets are comprised of $5.7 million related to federal and state net operating loss carry forwards, $1.5 million of assets arising from the difference between the book and tax basis of tangible asset and liability accounts, net of $24.2 million of deferred tax liabilities related to the difference between the book and tax basis of identifiable intangible assets. Federal and state net operating loss carry forwards are subject to carry forward limitations for income tax purposes. The goodwill and $52.7 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles includes $20.7 million allocated to customer relationships and $1.8 million allocated to backlog, which are being amortized over a period of 6 years and 5 months, respectively. Goodwill and other intangibles of U-Line are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes. Desmon On January 7, 2015, the company completed its acquisition of all of the capital stock of Desmon Food Service Equipment Company ("Desmon"), a leading manufacturer of blast chillers and refrigeration for the commercial foodservice industry located in Nusco, Italy, for a purchase price of approximately $13.5 million, net of cash acquired. An additional payment is also due upon the achievement of certain financial targets. During the fourth quarter of 2015, the company finalized the working capital provision provided by the purchase agreement resulting in a return from the seller of $0.4 million. The final allocation of cash paid for the Desmon acquisition is summarized as follows (in thousands):
| (as initially reported) Jan 7, 2015 |  | Measurement Period Adjustments |  | (as adjusted) Jan 7, 2015
Cash | $ | 441 |  |  | $ | (12 | ) |  | $ | 429 |
Current deferred tax asset | 535 |  |  | — |  |  | 535 |
Current assets | 8,639 |  |  | (1,105 | ) |  | 7,534 |
Property, plant and equipment | 7,989 |  |  | — |  |  | 7,989 |
Goodwill | 7,175 |  |  | 53 |  |  | 7,228 |
Other intangibles | 3,129 |  |  | (899 | ) |  | 2,230 |
Current liabilities | (8,668 | ) |  | 998 |  |  | (7,670 | )
Long-term deferred tax liability | (2,389 | ) |  | 282 |  |  | (2,107 | )
Other non-current liabilities | (2,463 | ) |  | 269 |  |  | (2,194 | )
Consideration paid at closing | $ | 14,388 |  |  | $ | (414 | ) |  | $ | 13,974 |
Contingent consideration | 2,416 |  |  | (269 | ) |  | 2,147 |
Net assets acquired and liabilities assumed | $ | 16,804 |  |  | $ | (683 | ) |  | $ | 16,121 |
The current deferred tax assets and long term deferred tax liabilities amounted to $0.5 million and $2.1 million, respectively. These net liabilities are comprised of $0.7 million of deferred tax liabilities related to the difference between the book and tax basis of identifiable intangible assets, $1.1 million of liabilities arising from the difference between the book and tax basis of tangible asset and liability accounts, net of $0.2 million of assets related to foreign net operating loss carry forwards. The goodwill and $1.3 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $0.6 million allocated to customer relationships and $0.3 million allocated to developed technology, which are to be amortized over periods of 9 years and 7 years, respectively. Goodwill and other intangibles of Desmon are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes. The Desmon purchase agreement includes an earnout provision providing for a contingent payment due to the sellers to the extent certain financial targets are exceeded. This earnout is payable within the second quarter of each of the fiscal years 2016, 2017 and 2018, respectively, if Desmon exceeds certain sales targets for fiscal 2015, 2016 and 2017, respectively. The contractual obligation associated with the contingent earnout provision recognized on the acquisition date is $2.1 million. Goldstein Eswood On January 30, 2015, the company completed its acquisition of substantially all of the assets of J. Goldstein & Co. Pty. Ltd. ("Goldstein") and Eswood Australia Pty. Ltd. ("Eswood" and together with Goldstein, "Goldstein Eswood") for a purchase price of approximately $27.4 million. Goldstein is a leading manufacturer of cooking equipment including ranges, ovens, griddles, fryers and warming equipment and Eswood is a leading manufacturer of dishwashing equipment, both for the commercial foodservice industry and located in Smithfield, Australia. An additional payment is also due upon the achievement of certain financial targets. During the third quarter of 2015, the company finalized the working capital provision provided by the purchase agreement resulting in no adjustment to the original purchase price. The final allocation of cash paid for the Goldstein acquisition is summarized as follows (in thousands):
| (as initially reported) Jan 30, 2015 |  | Measurement Period Adjustments |  | (as adjusted) Jan 30, 2015
Current assets | $ | 8,036 |  |  | $ | — |  |  | $ | 8,036 |
Property, plant and equipment | 8,690 |  |  | — |  |  | 8,690 |
Goodwill | 8,493 |  |  | (2,727 | ) |  | 5,766 |
Other intangibles | 5,648 |  |  | 3,113 |  |  | 8,761 |
Current liabilities | (1,806 | ) |  | (202 | ) |  | (2,008 | )
Other non-current liabilities | (1,655 | ) |  | (184 | ) |  | (1,839 | )
Consideration paid at closing | $ | 27,406 |  |  | $ | — |  |  | $ | 27,406 |
Contingent consideration | 1,655 |  |  | 183 |  |  | 1,838 |
Net assets acquired and liabilities assumed | $ | 29,061 |  |  | $ | 183 |  |  | $ | 29,244 |
The goodwill and $2.8 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $5.9 million allocated to customer relationships, and less than $0.1 million allocated to backlog, which are to be amortized over periods of 7 years and 3 months, respectively. Goodwill and other intangibles of Goldstein Eswood are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes. The Goldstein Eswood purchase agreement includes an earnout provision providing for a contingent payment due to the sellers to the extent certain financial targets are exceeded. This earnout is payable within the second quarter of each of the fiscal years 2016 and 2017, respectively, if Goldstein Eswood exceeds certain sales targets for fiscal 2015 and 2016, respectively. The contractual obligation associated with the contingent earnout provision recognized on the acquisition date is $1.8 million. Marsal On February 10, 2015, the company completed its acquisition of certain assets of Marsal & Sons, Inc. ("Marsal"), a leading manufacturer of deck ovens for the commercial foodservice industry, for a purchase price of approximately $5.5 million. The purchase price is subject to adjustment based upon a working capital provision provided by the purchase agreement. During the second quarter of 2015, the company finalized the working capital provision provided by the purchase agreement resulting in no adjustment to the purchase price. The final allocation of cash paid for the Marsal acquisition is summarized as follows (in thousands) :
| (as initially reported) Feb 10, 2015 |  | Measurement Period Adjustments |  | (as adjusted) Feb 10, 2015
Current assets | $ | 455 |  |  | $ | — |  |  | $ | 455 |
Property, plant and equipment | 201 |  |  | (6 | ) |  | 195 |
Goodwill | 3,012 |  |  | 6 |  |  | 3,018 |
Other intangibles | 2,027 |  |  | — |  |  | 2,027 |
Current liabilities | (195 | ) |  | — |  |  | (195 | )
Net assets acquired and liabilities assumed | $ | 5,500 |  |  | $ | — |  |  | $ | 5,500 |
The goodwill and $1.3 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $0.5 million allocated to customer relationships, $0.1 million allocated to developed technology and less than $0.1 million allocated to backlog, which are to be amortized over periods of 4 years, 5 years and 3 months, respectively. Goodwill and other intangibles of Marsal are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes. Thurne On April 7, 2015, the company completed its acquisition of certain assets of the High Speed Slicing business unit of Marel ("Thurne"), a leading manufacturer of slicing equipment for the food processing industry located in Norwich, United Kingdom, for a purchase price of approximately $12.6 million. During the second quarter of 2015, the company finalized the working capital provision provided for by the purchase agreement resulting in a refund from the seller of $2.7 million. 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) Apr 7, 2015 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) Apr 7, 2015
Current assets | $ | 3,419 |  |  | $ | (275 | ) |  | $ | 3,144 |
Property, plant and equipment | 3,334 |  |  | — |  |  | 3,334 |
Goodwill | 609 |  |  | 2,378 |  |  | 2,987 |
Other intangibles | 3,625 |  |  | (2,024 | ) |  | 1,601 |
Current liabilities | (1,115 | ) |  | — |  |  | (1,115 | )
Net assets acquired and liabilities assumed | $ | 9,872 |  |  | $ | 79 |  |  | $ | 9,951 |
The goodwill and $0.4 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $0.6 million allocated to customer relationships, $0.6 million allocated to developed technology and less than $0.1 million allocated to backlog, which are to be amortized over periods of 9 years, 7 years, and 3 months, respectively. Goodwill and other intangibles of Thurne are allocated to the Food Processing Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes. The company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed but the company is waiting for additional information necessary to finalize those fair values. Thus, the provisional measurements of fair value set forth above are subject to change. The company expects to complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. Induc On May 30, 2015, the company completed its acquisition of certain assets of the Induc Commercial Electronics Co. Ltd. ("Induc"), a leading manufacturer of induction cooking equipment for the commercial foodservice industry located in Qingdao, China, for a purchase price of approximately $10.6 million. An additional deferred payment of approximately $1.4 million is also due to the seller on the second anniversary of the acquisition. An additional payment is also due upon the achievement of certain financial targets. The purchase price is subject to adjustment based upon a working capital provision provided by the purchase agreement. The company expects to finalize this in the first quarter of 2016. 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) May 30, 2015 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) May 30, 2015
Current assets | $ | 1,705 |  |  | $ | (342 | ) |  | $ | 1,363 |
Property, plant and equipment | 536 |  |  | 255 |  |  | 791 |
Goodwill | 13,496 |  |  | (476 | ) |  | 13,020 |
Other intangibles | 1,500 |  |  | (300 | ) |  | 1,200 |
Other assets | 32 |  |  | (32 | ) |  | — |
Current liabilities | (854 | ) |  | 854 |  |  | — |
Other non-current liabilities | (5,793 | ) |  | 41 |  |  | (5,752 | )
Consideration paid at closing | $ | 10,622 |  |  | $ | — |  |  | $ | 10,622 |
Deferred payment | 1,516 |  |  | (125 | ) |  | 1,391 |
Contingent consideration | 4,276 |  |  | 84 |  |  | 4,360 |
Net assets acquired and liabilities assumed | $ | 16,414 |  |  | $ | (41 | ) |  | $ | 16,373 |
The goodwill and $0.5 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $0.7 million allocated to customer relationships, which is to be amortized over a period of 9 years, Goodwill and other intangibles of Induc are allocated to the Commercial Foodservice Equipment Group for segment reporting purposes. These assets are expected to be deductible for tax purposes. The Induc purchase agreement includes an earnout provision providing for a contingent payment due to the sellers to the extent certain financial targets are exceeded. This earnout is payable within the first quarter of each of the fiscal years 2018, 2019 and 2020, respectively, if Induc exceeds certain sales and earnings targets for fiscal 2017, 2018 and 2019, respectively. The contractual obligation associated with the contingent earnout provision recognized on the acquisition date is $4.4 million. The company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed but the company is waiting for additional information necessary to finalize those fair values. Thus, the provisional measurements of fair value set forth above are subject to change. The company expects to complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. AGA On September 23, 2015, the company completed its acquisition of all of the capital stock of AGA Rangemaster Group plc ("AGA") a leading manufacturer of residential kitchen equipment including cookers, ranges, ovens and refrigeration for a purchase price of approximately $184.7 million, net of cash acquired. AGA is headquartered in Leamington Spa, United Kingdom. Additionally, the company incurred $7.3 million of transaction expenses, which are reflected in the general and administrative expenses in the consolidated statements of earnings for such period. During the fourth quarter of 2015, the company completed the purchase of the minority interest of an AGA subsidiary for approximately $4.3 million. 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) Sep 23, 2015 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) Sep 23, 2015
Cash | $ | 15,316 |  |  | $ | 984 |  |  | $ | 16,300 |
Current assets | 163,216 |  |  | (9,723 | ) |  | 153,493 |
Property, plant and equipment | 61,423 |  |  | (2,688 | ) |  | 58,735 |
Goodwill | 144,645 |  |  | (20,373 | ) |  | 124,272 |
Other intangibles | 190,000 |  |  | 30,000 |  |  | 220,000 |
Deferred tax asset | 5,306 |  |  | (5,306 | ) |  | — |
Other assets | 1,573 |  |  | 289 |  |  | 1,862 |
Current portion long-term debt | (30,703 | ) |  | — |  |  | (30,703 | )
Current liabilities | (147,279 | ) |  | (5,726 | ) |  | (153,005 | )
Long term debt | (138 | ) |  | — |  |  | (138 | )
Long-term deferred tax liability | — |  |  | (143 | ) |  | (143 | )
Other non-current liabilities | (202,312 | ) |  | 12,686 |  |  | (189,626 | )
Net assets acquired and liabilities assumed | $ | 201,047 |  |  | $ | — |  |  | $ | 201,047 |
The long-term deferred tax liabilities amounted to $0.1 million. These net liabilities are comprised of $33.6 million of assets related to pension liabilities, $0.9 million of assets related to foreign net operating loss, $1.7 million of assets related to federal net operating loss carry forwards and $5.2 million of assets related to the difference between the book and tax basis of tangible assets and liability accounts, net of $41.5 million of deferred tax liabilities related to the difference between the book and tax basis of identifiable intangible assets. Net operating loss carryforwards are subject to carryforward limitations. The goodwill and $145.0 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $75.0 million allocated to customer relationships, which is to be amortized over a period of 8 years. Goodwill and other intangibles of AGA are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes. The company estimated the fair value of the assets and liabilities of AGA on a preliminary basis at the time of acquisition based on third-party appraisals used to assist in determining the fair market value for acquired tangible and intangible assets. Changes to these allocations will occur as additional information becomes available. The company is in the process of obtaining third-party valuations related to the fair value of tangible and intangible assets, in addition to determining and recording the tax effects of the transaction to include all assets/liabilities since those are recorded at fair value. Acquired goodwill represents the premium paid over the fair value of assets acquired and liabilities assumed. Lynx On December 15, 2015, the company completed its acquisition of all of the capital stock of Lynx Grills, Inc. ("Lynx"), a leading manufacturer of premium residential outdoor equipment located in Downey, California, for a purchase price of approximately $83.8 million, net of cash acquired. The purchase price is subject to adjustment based upon a working capital provision provided by the purchase agreement. The company expects to finalize this in the second quarter of 2016. 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 15, 2015
Cash | $ | 276 |
Current deferred tax asset | 467 |
Current assets | 18,630 |
Property, plant and equipment | 1,690 |
Goodwill | 42,502 |
Other intangibles | 39,800 |
Other assets | 130 |
Current liabilities | (6,208 | )
Long term deferred tax liability | (12,589 | )
Other non-current liabilities | (666 | )
Net assets acquired and liabilities assumed | $ | 84,032 |
The current deferred tax assets and long term deferred tax liabilities amounted to $0.5 million and $12.6 million, respectively. These net liabilities are comprised of $14.0 million of deferred tax liabilities related to the difference between book and tax basis of identifiable intangible assets, net of $1.6 million related to federal and state net operating loss carryforwards and $0.3 million of assets arising from the difference between the book and tax basis of tangible assets and liability accounts. Federal and state net operating loss carryforwards are subject to carryforward limitations. The goodwill and $30.0 million of other intangibles associated with the trade name are subject to the non-amortization provisions of ASC 350. Other intangibles also includes $9.0 million allocated to customer relationships and $0.8 million allocated to backlog, which is to be amortized over a period of 5 years and 3 months respectively. Goodwill and other intangibles of Lynx are allocated to the Residential Kitchen Equipment Group for segment reporting purposes. These assets are not expected to be deductible for tax purposes. The company believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed but the company is waiting for additional information necessary to finalize those fair values. Thus, the provisional measurements of fair value set forth above are subject to change. The company expects to complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date. Pro forma financial information In accordance with ASC 805 “Business Combinations”, the following unaudited pro forma results of operations for the years ended January 2, 2016 and January 3, 2015, assumes the 2015 acquisitions of Desmon, Goldstein Eswood, Marsal, Induc, Thurne, AGA and Lynx and the 2014 acquisitions of PES, Concordia and U-Line were completed on December 29, 2013 (first day of fiscal 2014). The following pro forma results include adjustments to reflect additional interest expense to fund the acquisition, amortization of intangibles associated with the acquisition, and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data):
GoldsteinEswood [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The final allocation of cash paid for the Goldstein acquisition is summarized as follows (in thousands):
| (as initially reported) Jan 30, 2015 |  | Measurement Period Adjustments |  | (as adjusted) Jan 30, 2015
Current assets | $ | 8,036 |  |  | $ | — |  |  | $ | 8,036 |
Property, plant and equipment | 8,690 |  |  | — |  |  | 8,690 |
Goodwill | 8,493 |  |  | (2,727 | ) |  | 5,766 |
Other intangibles | 5,648 |  |  | 3,113 |  |  | 8,761 |
Current liabilities | (1,806 | ) |  | (202 | ) |  | (2,008 | )
Other non-current liabilities | (1,655 | ) |  | (184 | ) |  | (1,839 | )
Consideration paid at closing | $ | 27,406 |  |  | $ | — |  |  | $ | 27,406 |
Contingent consideration | 1,655 |  |  | 183 |  |  | 1,838 |
Net assets acquired and liabilities assumed | $ | 29,061 |  |  | $ | 183 |  |  | $ | 29,244 |
Marsal [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The final allocation of cash paid for the Marsal acquisition is summarized as follows (in thousands) :
| (as initially reported) Feb 10, 2015 |  | Measurement Period Adjustments |  | (as adjusted) Feb 10, 2015
Current assets | $ | 455 |  |  | $ | — |  |  | $ | 455 |
Property, plant and equipment | 201 |  |  | (6 | ) |  | 195 |
Goodwill | 3,012 |  |  | 6 |  |  | 3,018 |
Other intangibles | 2,027 |  |  | — |  |  | 2,027 |
Current liabilities | (195 | ) |  | — |  |  | (195 | )
Net assets acquired and liabilities assumed | $ | 5,500 |  |  | $ | — |  |  | $ | 5,500 |
Thurne [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 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) Apr 7, 2015 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) Apr 7, 2015
Current assets | $ | 3,419 |  |  | $ | (275 | ) |  | $ | 3,144 |
Property, plant and equipment | 3,334 |  |  | — |  |  | 3,334 |
Goodwill | 609 |  |  | 2,378 |  |  | 2,987 |
Other intangibles | 3,625 |  |  | (2,024 | ) |  | 1,601 |
Current liabilities | (1,115 | ) |  | — |  |  | (1,115 | )
Net assets acquired and liabilities assumed | $ | 9,872 |  |  | $ | 79 |  |  | $ | 9,951 |
Induc [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 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) May 30, 2015 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) May 30, 2015
Current assets | $ | 1,705 |  |  | $ | (342 | ) |  | $ | 1,363 |
Property, plant and equipment | 536 |  |  | 255 |  |  | 791 |
Goodwill | 13,496 |  |  | (476 | ) |  | 13,020 |
Other intangibles | 1,500 |  |  | (300 | ) |  | 1,200 |
Other assets | 32 |  |  | (32 | ) |  | — |
Current liabilities | (854 | ) |  | 854 |  |  | — |
Other non-current liabilities | (5,793 | ) |  | 41 |  |  | (5,752 | )
Consideration paid at closing | $ | 10,622 |  |  | $ | — |  |  | $ | 10,622 |
Deferred payment | 1,516 |  |  | (125 | ) |  | 1,391 |
Contingent consideration | 4,276 |  |  | 84 |  |  | 4,360 |
Net assets acquired and liabilities assumed | $ | 16,414 |  |  | $ | (41 | ) |  | $ | 16,373 |
Viking Range Corporation [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The final allocation of cash paid for the Viking acquisition is summarized as follows (in thousands):
| (as initially reported) Dec 31, 2012 |  | Measurement Period Adjustments |  | (as adjusted) Dec 31, 2012
Cash | $ | 6,900 |  |  | $ | (121 | ) |  | $ | 6,779 |
Current assets | 40,794 |  |  | (2,385 | ) |  | 38,409 |
Property, plant and equipment | 76,693 |  |  | (20,446 | ) |  | 56,247 |
Goodwill | 144,833 |  |  | (32,752 | ) |  | 112,081 |
Other intangibles | 152,500 |  |  | 44,500 |  |  | 197,000 |
Other assets | 12,604 |  |  | 865 |  |  | 13,469 |
Current liabilities | (52,202 | ) |  | (886 | ) |  | (53,088 | )
Other non-current liabilities | (2,386 | ) |  | (1 | ) |  | (2,387 | )
Net assets acquired and liabilities assumed | $ | 379,736 |  |  | $ | (11,226 | ) |  | $ | 368,510 |
Distributors [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The final allocation of cash paid for the Viking Distributors 2013 is summarized as follows (in thousands):
| (as initially reported) Jun 29, 2013 |  | Measurement Period Adjustments |  | (as adjusted) Jun 29, 2013
Current assets | $ | 21,390 |  |  | $ | (3,599 | ) |  | $ | 17,791 |
Property, plant and equipment | 1,318 |  |  | — |  |  | 1,318 |
Goodwill | 1,709 |  |  | 3,599 |  |  | 5,308 |
Current liabilities | (804 | ) |  | — |  |  | (804 | )
Net assets acquired and liabilities assumed | $ | 23,613 |  |  | $ | — |  |  | $ | 23,613 |
Forgiveness of liabilities owed to Viking | (8,697 | ) |  | — |  |  | (8,697 | )
Consideration paid at closing | $ | 14,916 |  |  | $ | — |  |  | $ | 14,916 |
Celfrost [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The final allocation of cash paid for the Celfrost acquisition is summarized as follows (in thousands):
| (as initially reported) Oct 15, 2013 |  | Measurement Period Adjustments |  | (as adjusted) Oct 15, 2013
Current assets | $ | 5,638 |  |  | $ | (124 | ) |  | $ | 5,514 |
Property, plant and equipment | 182 |  |  | — |  |  | 182 |
Goodwill | 5,943 |  |  | 1,718 |  |  | 7,661 |
Other intangibles | 4,333 |  |  | — |  |  | 4,333 |
Other assets | 4 |  |  | — |  |  | 4 |
Current liabilities | (3,979 | ) |  | (1,594 | ) |  | (5,573 | )
Other non-current liabilities | (875 | ) |  | — |  |  | (875 | )
Consideration paid at closing | $ | 11,246 |  |  | $ | — |  |  | $ | 11,246 |
Deferred payments | 1,067 |  |  | — |  |  | 1,067 |
Net assets acquired and liabilities assumed | $ | 12,313 |  |  | $ | — |  |  | $ | 12,313 |
Wunder-Bar [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The final allocation of cash paid for the Wunder-Bar acquisition is summarized as follows (in thousands):
| (as initially reported) Dec 17, 2013 |  | Measurement Period Adjustments |  | (as adjusted) Dec 17, 2013
Cash | $ | 857 |  |  | $ | — |  |  | $ | 857 |
Current deferred tax asset | 50 |  |  | 188 |  |  | 238 |
Current assets | 13,127 |  |  | 656 |  |  | 13,783 |
Property, plant and equipment | 1,735 |  |  | (312 | ) |  | 1,423 |
Goodwill | 45,056 |  |  | (3,251 | ) |  | 41,805 |
Other intangibles | 30,000 |  |  | 3,060 |  |  | 33,060 |
Other assets | — |  |  | 290 |  |  | 290 |
Current liabilities | (5,013 | ) |  | 865 |  |  | (4,148 | )
Long-term deferred tax liability | (10,811 | ) |  | (1,280 | ) |  | (12,091 | )
Other non-current liabilities | (1 | ) |  | (365 | ) |  | (366 | )
Consideration paid at closing | $ | 75,000 |  |  | $ | (149 | ) |  | $ | 74,851 |
Additional assets acquired post closing | — |  |  | 848 |  |  | 848 |
Deferred payments | — |  |  | 586 |  |  | 586 |
Net assets acquired and liabilities assumed | $ | 75,000 |  |  | $ | 1,285 |  |  | $ | 76,285 |
Market Forge [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | (in thousands):
| (as initially reported) Jan 7, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Jan 7, 2014
Current assets | $ | 2,051 |  |  | $ | (100 | ) |  | $ | 1,951 |
Property, plant and equipment | 120 |  |  | — |  |  | 120 |
Goodwill | 5,252 |  |  | 654 |  |  | 5,906 |
Other intangibles | 4,191 |  |  | — |  |  | 4,191 |
Current liabilities | (4,374 | ) |  | (554 | ) |  | (4,928 | )
Consideration paid at closing | $ | 7,240 |  |  | $ | — |  |  | $ | 7,240 |
Deferred payments | 3,000 |  |  | — |  |  | 3,000 |
Contingent consideration | 1,374 |  |  | 126 |  |  | 1,500 |
Net assets acquired and liabilities assumed | $ | 11,614 |  |  | $ | 126 |  |  | $ | 11,740 |
Distributors 2014 [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
| (as initially reported) Jan 31, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Jan 31, 2014
Current assets | $ | 35,909 |  |  | $ | (8,101 | ) |  | $ | 27,808 |
Property, plant and equipment | 2,000 |  |  | (291 | ) |  | 1,709 |
Goodwill | 7,552 |  |  | 8,647 |  |  | 16,199 |
Current liabilities | (1,005 | ) |  | (255 | ) |  | (1,260 | )
Net assets acquired and liabilities assumed | $ | 44,456 |  |  | $ | — |  |  | $ | 44,456 |
Forgiveness of liabilities owed to Viking | (5,971 | ) |  | — |  |  | (5,971 | )
Consideration paid at closing | $ | 38,485 |  |  | $ | — |  |  | $ | 38,485 |
PES [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
| (as initially reported) Mar 31, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Mar 31, 2014
Current assets | $ | 2,211 |  |  | $ | (153 | ) |  | $ | 2,058 |
Property, plant and equipment | 3,493 |  |  | — |  |  | 3,493 |
Goodwill | 10,792 |  |  | 332 |  |  | 11,124 |
Other intangibles | 1,600 |  |  | 18 |  |  | 1,618 |
Other assets | 21 |  |  | (21 | ) |  | — |
Current liabilities | (816 | ) |  | — |  |  | (816 | )
Consideration paid at closing | $ | 15,000 |  |  | $ | — |  |  | $ | 15,000 |
Contingent consideration | 2,301 |  |  | 176 |  |  | 2,477 |
Net assets acquired and liabilities assumed | $ | 17,301 |  |  | $ | 176 |  |  | $ | 17,477 |
Concordia [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
| (as initially reported) Sep 8, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Sep 8, 2014
Cash | $ | 345 |  |  | $ | — |  |  | $ | 345 |
Current deferred tax asset | — |  |  | 726 |  |  | 726 |
Current assets | 3,767 |  |  | (497 | ) |  | 3,270 |
Goodwill | 11,255 |  |  | (5,720 | ) |  | 5,535 |
Other intangibles | 4,500 |  |  | (1,200 | ) |  | 3,300 |
Long-term deferred tax asset | — |  |  | 3,264 |  |  | 3,264 |
Current liabilities | (2,296 | ) |  | (842 | ) |  | (3,138 | )
Other non-current liabilities | (4,710 | ) |  | 4,189 |  |  | (521 | )
Consideration paid at closing | $ | 12,861 |  |  | $ | (80 | ) |  | $ | 12,781 |
Contingent consideration | 4,710 |  |  | (4,189 | ) |  | 521 |
Net assets acquired and liabilities assumed | $ | 17,571 |  |  | $ | (4,269 | ) |  | $ | 13,302 |
ULine [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
| (as initially reported) Nov 5, 2014 |  | Measurement Period Adjustments |  | (as adjusted) Nov 5, 2014
Cash | $ | 12,764 |  |  | $ | — |  |  | $ | 12,764 |
Current deferred tax asset | 657 |  |  | 114 |  |  | 771 |
Current assets | 12,237 |  |  | — |  |  | 12,237 |
Property, plant and equipment | 3,376 |  |  | — |  |  | 3,376 |
Goodwill | 89,501 |  |  | (8,000 | ) |  | 81,501 |
Other intangibles | 57,500 |  |  | 17,700 |  |  | 75,200 |
Current liabilities | (6,032 | ) |  | (1,973 | ) |  | (8,005 | )
Long-term deferred tax liability | (13,095 | ) |  | (4,657 | ) |  | (17,752 | )
Other non-current liabilities | (2,111 | ) |  | (3,459 | ) |  | (5,570 | )
Net assets acquired and liabilities assumed | $ | 154,797 |  |  | $ | (275 | ) |  | $ | 154,522 |
Desmon [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The final allocation of cash paid for the Desmon acquisition is summarized as follows (in thousands):
| (as initially reported) Jan 7, 2015 |  | Measurement Period Adjustments |  | (as adjusted) Jan 7, 2015
Cash | $ | 441 |  |  | $ | (12 | ) |  | $ | 429 |
Current deferred tax asset | 535 |  |  | — |  |  | 535 |
Current assets | 8,639 |  |  | (1,105 | ) |  | 7,534 |
Property, plant and equipment | 7,989 |  |  | — |  |  | 7,989 |
Goodwill | 7,175 |  |  | 53 |  |  | 7,228 |
Other intangibles | 3,129 |  |  | (899 | ) |  | 2,230 |
Current liabilities | (8,668 | ) |  | 998 |  |  | (7,670 | )
Long-term deferred tax liability | (2,389 | ) |  | 282 |  |  | (2,107 | )
Other non-current liabilities | (2,463 | ) |  | 269 |  |  | (2,194 | )
Consideration paid at closing | $ | 14,388 |  |  | $ | (414 | ) |  | $ | 13,974 |
Contingent consideration | 2,416 |  |  | (269 | ) |  | 2,147 |
Net assets acquired and liabilities assumed | $ | 16,804 |  |  | $ | (683 | ) |  | $ | 16,121 |
Aga [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 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) Sep 23, 2015 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) Sep 23, 2015
Cash | $ | 15,316 |  |  | $ | 984 |  |  | $ | 16,300 |
Current assets | 163,216 |  |  | (9,723 | ) |  | 153,493 |
Property, plant and equipment | 61,423 |  |  | (2,688 | ) |  | 58,735 |
Goodwill | 144,645 |  |  | (20,373 | ) |  | 124,272 |
Other intangibles | 190,000 |  |  | 30,000 |  |  | 220,000 |
Deferred tax asset | 5,306 |  |  | (5,306 | ) |  | — |
Other assets | 1,573 |  |  | 289 |  |  | 1,862 |
Current portion long-term debt | (30,703 | ) |  | — |  |  | (30,703 | )
Current liabilities | (147,279 | ) |  | (5,726 | ) |  | (153,005 | )
Long term debt | (138 | ) |  | — |  |  | (138 | )
Long-term deferred tax liability | — |  |  | (143 | ) |  | (143 | )
Other non-current liabilities | (202,312 | ) |  | 12,686 |  |  | (189,626 | )
Net assets acquired and liabilities assumed | $ | 201,047 |  |  | $ | — |  |  | $ | 201,047 |
Lynx [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 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 15, 2015
Cash | $ | 276 |
Current deferred tax asset | 467 |
Current assets | 18,630 |
Property, plant and equipment | 1,690 |
Goodwill | 42,502 |
Other intangibles | 39,800 |
Other assets | 130 |
Current liabilities | (6,208 | )
Long term deferred tax liability | (12,589 | )
Other non-current liabilities | (666 | )
Net assets acquired and liabilities assumed | $ | 84,032 |

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