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Acquisitions and Purchase Accounting (Tables) | 6 Months Ended
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Jun. 30, 2018
Business Acquisition [Line Items] |
Business Acquisition, Pro Forma Information [Table Text Block] | The following pro forma results include adjustments to reflect additional interest expense to fund the acquisitions, amortization of intangibles associated with the acquisitions, and the effects of adjustments made to the carrying value of certain assets (in thousands, except per share data):
| Six Months Ended
| June 30, 2018 |  | July 1, 2017
Net sales | $ | 1,415,669 |  |  | $ | 1,432,093 |
Net earnings | 142,566 |  |  | 129,622 |
Net earnings per share: |  |  |  |  |
Basic | $ | 2.57 |  |  | $ | 2.27 |
Diluted | 2.57 |  |  | 2.27 |
CVP Systems [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The final allocation of consideration paid for the CVP Systems acquisition is summarized as follows (in thousands):
| (as initially reported) June 30, 2017 |  | Measurement Period Adjustments |  | (as adjusted) June 30, 2017
Cash | $ | 621 |  |  | $ | — |  |  | $ | 621 |
Current assets | 5,973 |  |  | (1,435 | ) |  | 4,538 |
Property, plant and equipment | 238 |  |  | (91 | ) |  | 147 |
Goodwill | 20,297 |  |  | (695 | ) |  | 19,602 |
Other intangibles | 8,700 |  |  | 4,350 |  |  | 13,050 |
Current liabilities | (1,532 | ) |  | (581 | ) |  | (2,113 | )
Long term deferred tax liability | (3,168 | ) |  | (443 | ) |  | (3,611 | )
Other non-current liabilities | — |  |  | (1,833 | ) |  | (1,833 | )
Net assets acquired and liabilities assumed | $ | 31,129 |  |  | $ | (728 | ) |  | $ | 30,401 |
Sveba Dahlen [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition |
| (as initially reported) June 30, 2017 |  | Measurement Period Adjustments |  | (as adjusted) June 30, 2017
Cash | $ | 4,569 |  |  | $ | — |  |  | $ | 4,569 |
Current assets | 22,686 |  |  | (997 | ) |  | 21,689 |
Property, plant and equipment | 9,128 |  |  | (431 | ) |  | 8,697 |
Goodwill | 33,785 |  |  | 4,330 |  |  | 38,115 |
Other intangibles | 34,175 |  |  | 225 |  |  | 34,400 |
Other assets | 1,170 |  |  | (280 | ) |  | 890 |
Current portion of long-term debt | — |  |  | (14 | ) |  | (14 | )
Current liabilities | (11,782 | ) |  | (342 | ) |  | (12,124 | )
Long-term debt | — |  |  | (140 | ) |  | (140 | )
Long term deferred tax liability | (7,751 | ) |  | (626 | ) |  | (8,377 | )
Other non-current liabilities | (42 | ) |  | (1,725 | ) |  | (1,767 | )
Net assets acquired and liabilities assumed | $ | 85,938 |  |  | $ | — |  |  | $ | 85,938 |
QualServ [Member] |
Business Acquisition [Line Items] |
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) August 31, 2017 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) August 31, 2017
Cash | $ | 1,130 |  |  | $ | — |  |  | $ | 1,130 |
Current assets | 18,031 |  |  | (64 | ) |  | 17,967 |
Property, plant and equipment | 4,785 |  |  | — |  |  | 4,785 |
Goodwill | 14,590 |  |  | (59 | ) |  | 14,531 |
Other intangibles | 9,600 |  |  | — |  |  | 9,600 |
Current liabilities | (6,810 | ) |  | (130 | ) |  | (6,940 | )
Net assets acquired and liabilities assumed | $ | 41,326 |  |  | $ | (253 | ) |  | $ | 41,073 |
Globe [Member] |
Business Acquisition [Line Items] |
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) October 17, 2017 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) October 17, 2017
Cash | $ | 3,420 |  |  | $ | — |  |  | $ | 3,420 |
Current assets | 17,197 |  |  | — |  |  | 17,197 |
Property, plant and equipment | 1,120 |  |  | — |  |  | 1,120 |
Goodwill | 67,176 |  |  | (8,083 | ) |  | 59,093 |
Other intangibles | 43,444 |  |  | 14,086 |  |  | 57,530 |
Current liabilities | (5,994 | ) |  | (398 | ) |  | (6,392 | )
Long term deferred tax liability | (16,456 | ) |  | (4,971 | ) |  | (21,427 | )
Other non-current liabilities | (1,907 | ) |  | (193 | ) |  | (2,100 | )
Net assets acquired and liabilities assumed | $ | 108,000 |  |  | $ | 441 |  |  | $ | 108,441 |
The long term deferred tax liability amounted to $21.4 million. The net liability is comprised of $21.6 million of deferred tax liability related to the difference between the book and tax basis of identifiable intangible assets and $0.2 million of deferred tax asset related to the difference between the book and tax basis on identifiable tangible asset and liability accounts.
Scanico [Member] |
Business Acquisition [Line Items] |
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) December 7, 2017 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) December 7, 2017
Cash | $ | 6,766 |  |  | $ | — |  |  | $ | 6,766 |
Current assets | 3,428 |  |  | (111 | ) |  | 3,317 |
Property, plant and equipment | 447 |  |  | (27 | ) |  | 420 |
Goodwill | 30,072 |  |  | 470 |  |  | 30,542 |
Other intangibles | 11,491 |  |  | — |  |  | 11,491 |
Current liabilities | (7,987 | ) |  | (28 | ) |  | (8,015 | )
Long term deferred tax liability | (3,305 | ) |  | 30 |  |  | (3,275 | )
Consideration paid at closing | $ | 40,912 |  |  | $ | 334 |  |  | $ | 41,246 |
Contingent consideration | 751 |  |  | — |  |  | 751 |
Net assets acquired and liabilities assumed | $ | 41,663 |  |  | $ | 334 |  |  | $ | 41,997 |
Hinds-Bock [Member] |
Business Acquisition [Line Items] |
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) February 16, 2018 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) February 16, 2018
Cash | $ | 5 |  |  | $ | — |  |  | $ | 5 |
Current assets | 5,301 |  |  | — |  |  | 5,301 |
Property, plant and equipment | 3,557 |  |  | — |  |  | 3,557 |
Goodwill | 12,686 |  |  | — |  |  | 12,686 |
Other intangibles | 8,081 |  |  | — |  |  | 8,081 |
Current liabilities | (3,800 | ) |  | — |  |  | (3,800 | )
Net assets acquired and liabilities assumed | $ | 25,830 |  |  | $ | — |  |  | $ | 25,830 |
VeMaC [Member] |
Business Acquisition [Line Items] |
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) April 3, 2018
Cash | $ | 1,833 |
Current assets | 10,722 |
Property, plant and equipment | 389 |
Goodwill | 7,278 |
Other intangibles | 2,584 |
Other assets | 12 |
Current portion of long-term debt | (1,901 | )
Current liabilities | (8,076 | )
Long term deferred tax liability | (340 | )
Other non-current liabilities | (212 | )
Net assets acquired and liabilities assumed | $ | 12,289 |
Firex [Member] |
Business Acquisition [Line Items] |
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) April 27, 2018
Cash | $ | 10,652 |
Current assets | 7,656 |
Property, plant and equipment | 2,447 |
Goodwill | 36,706 |
Other intangibles | 19,806 |
Current portion of long-term debt | (1,210 | )
Current liabilities | (4,099 | )
Long term deferred tax liability | (4,995 | )
Long-term debt | (1,069 | )
Other non-current liabilities | (1,318 | )
Net assets acquired and liabilities assumed | $ | 64,576 |
Josper [Member] |
Business Acquisition [Line Items] |
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) May 10, 2018
Cash | $ | 3,308 |
Current assets | 6,579 |
Property, plant and equipment | 4,739 |
Goodwill | 27,140 |
Other intangibles | 13,136 |
Other assets | 2 |
Current portion of long-term debt | (217 | )
Current liabilities | (5,146 | )
Long-term debt | (1,608 | )
Long term deferred tax liability | (2,934 | )
Other non-current liabilities | (2,169 | )
Consideration paid at closing | $ | 42,830 |
Contingent consideration | $ | 3,454 |
Net assets acquired and liabilities assumed | $ | 46,284 |

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