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Acquisitions and Purchase Accounting (Tables) | 6 Months Ended
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Jun. 29, 2019
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 29, 2019 |  | June 30, 2018
Net sales | $ | 1,480,397 |  |  | $ | 1,494,792 |
Net earnings | 160,996 |  |  | 127,715 |
Net earnings per share: |  |  |  |  |
Basic | $ | 2.89 |  |  | $ | 2.30 |
Diluted | 2.89 |  |  | 2.30 |
Hinds-Bock |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The final allocation of consideration paid for the Hinds-Bock acquisition is summarized as follows (in thousands):
| (as initially reported) February 16, 2018 |  | Measurement Period Adjustments |  | (as adjusted) February 16, 2018
Cash | $ | 5 |  |  | $ | — |  |  | $ | 5 |
Current assets | 5,301 |  |  | (3 | ) |  | 5,298 |
Property, plant and equipment | 3,557 |  |  | — |  |  | 3,557 |
Goodwill | 12,686 |  |  | (1,166 | ) |  | 11,520 |
Other intangibles | 8,081 |  |  | 1,119 |  |  | 9,200 |
Long term deferred tax asset | — |  |  | 115 |  |  | 115 |
Current liabilities | (3,800 | ) |  | (465 | ) |  | (4,265 | )
Net assets acquired and liabilities assumed | $ | 25,830 |  |  | $ | (400 | ) |  | $ | 25,430 |
VeMaC |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The final allocation of consideration paid for the Ve.Ma.C acquisition is summarized as follows (in thousands):
| (as initially reported) April 3, 2018 |  | Measurement Period Adjustments |  | (as adjusted) April 3, 2018
Cash | $ | 1,833 |  |  | $ | — |  |  | $ | 1,833 |
Current assets | 10,722 |  |  | — |  |  | 10,722 |
Property, plant and equipment | 389 |  |  | — |  |  | 389 |
Goodwill | 7,278 |  |  | (2,506 | ) |  | 4,772 |
Other intangibles | 2,584 |  |  | 3,776 |  |  | 6,360 |
Other assets | 12 |  |  | — |  |  | 12 |
Current portion of long-term debt | (1,901 | ) |  | — |  |  | (1,901 | )
Current liabilities | (8,076 | ) |  | (216 | ) |  | (8,292 | )
Long term deferred tax liability | (340 | ) |  | (1,054 | ) |  | (1,394 | )
Other non-current liabilities | (212 | ) |  | — |  |  | (212 | )
Net assets acquired and liabilities assumed | $ | 12,289 |  |  | $ | — |  |  | $ | 12,289 |
Firex |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The final allocation of consideration paid for the Firex acquisition is summarized as follows (in thousands):
| (as initially reported) April 27, 2018 |  | Measurement Period Adjustments |  | (as adjusted) April 27, 2018
Cash | $ | 10,652 |  |  | $ | (37 | ) |  | $ | 10,615 |
Current assets | 7,656 |  |  | 39 |  |  | 7,695 |
Property, plant and equipment | 2,447 |  |  | — |  |  | 2,447 |
Goodwill | 36,706 |  |  | (1,424 | ) |  | 35,282 |
Other intangibles | 19,806 |  |  | 2,294 |  |  | 22,100 |
Current portion of long-term debt | (1,210 | ) |  | — |  |  | (1,210 | )
Current liabilities | (4,099 | ) |  | (471 | ) |  | (4,570 | )
Long term deferred tax liability | (4,995 | ) |  | (652 | ) |  | (5,647 | )
Long-term debt | (1,069 | ) |  | — |  |  | (1,069 | )
Other non-current liabilities | (1,318 | ) |  | — |  |  | (1,318 | )
Net assets acquired and liabilities assumed | $ | 64,576 |  |  | $ | (251 | ) |  | $ | 64,325 |
Josper |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | (in thousands):
| (as initially reported) May 10, 2018 |  | Measurement Period Adjustments |  | (as adjusted) May 10, 2018
Cash | $ | 3,308 |  |  | $ | — |  |  | $ | 3,308 |
Current assets | 6,579 |  |  | 13 |  |  | 6,592 |
Property, plant and equipment | 4,739 |  |  | — |  |  | 4,739 |
Goodwill | 27,140 |  |  | (3,345 | ) |  | 23,795 |
Other intangibles | 13,136 |  |  | 4,754 |  |  | 17,890 |
Other assets | 2 |  |  | — |  |  | 2 |
Current portion of long-term debt | (217 | ) |  | — |  |  | (217 | )
Current liabilities | (5,146 | ) |  | (89 | ) |  | (5,235 | )
Long-term debt | (1,608 | ) |  | — |  |  | (1,608 | )
Long term deferred tax liability | (2,934 | ) |  | (1,579 | ) |  | (4,513 | )
Other non-current liabilities | (2,169 | ) |  | — |  |  | (2,169 | )
Consideration paid at closing | $ | 42,830 |  |  | $ | (246 | ) |  | $ | 42,584 |
Contingent consideration | 3,454 |  |  | — |  |  | 3,454 |
Net assets acquired and liabilities assumed | $ | 46,284 |  |  | $ | (246 | ) |  | $ | 46,038 |
Taylor |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The final allocation of consideration paid for the Taylor acquisition is summarized as follows (in thousands):
| (as initially reported) June 22, 2018 |  | Measurement Period Adjustments |  | (as adjusted) June 22, 2018
Cash | $ | 2,551 |  |  | $ | 64 |  |  | $ | 2,615 |
Current assets | 71,162 |  |  | (2,011 | ) |  | 69,151 |
Property, plant and equipment | 21,187 |  |  | (556 | ) |  | 20,631 |
Goodwill | 491,339 |  |  | (120,497 | ) |  | 370,842 |
Other intangibles | 484,210 |  |  | 119,550 |  |  | 603,760 |
Other assets | — |  |  | 361 |  |  | 361 |
Long-term deferred tax asset | — |  |  | 227 |  |  | 227 |
Current liabilities | (48,417 | ) |  | (4,099 | ) |  | (52,516 | )
Other non-current liabilities | (8,161 | ) |  | (648 | ) |  | (8,809 | )
Net assets acquired and liabilities assumed | $ | 1,013,871 |  |  | $ | (7,609 | ) |  | $ | 1,006,262 |
M-TEK |
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 1, 2018 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) October 1, 2018
Current assets | $ | 2,745 |  |  | $ | — |  |  | $ | 2,745 |
Property, plant and equipment | 2,497 |  |  | — |  |  | 2,497 |
Goodwill | 11,610 |  |  | (1,000 | ) |  | 10,610 |
Other intangibles | 3,294 |  |  | 1,000 |  |  | 4,294 |
Current liabilities | (144 | ) |  | — |  |  | (144 | )
Net assets acquired and liabilities assumed | $ | 20,002 |  |  | $ | — |  |  | $ | 20,002 |
Crown |
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 3, 2018 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) December 3, 2018
Cash | $ | 495 |  |  | $ | — |  |  | $ | 495 |
Current assets | 5,045 |  |  | — |  |  | 5,045 |
Property, plant and equipment | 8,710 |  |  | 3,658 |  |  | 12,368 |
Goodwill | 31,226 |  |  | (4,805 | ) |  | 26,421 |
Other intangibles | — |  |  | 2,958 |  |  | 2,958 |
Current liabilities | (2,340 | ) |  | (281 | ) |  | (2,621 | )
Long-term deferred tax liability | (668 | ) |  | (1,753 | ) |  | (2,421 | )
Net assets acquired and liabilities assumed | $ | 42,468 |  |  | $ | (223 | ) |  | $ | 42,245 |
EVO |
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 31, 2018 |  | Preliminary Measurement Period Adjustments |  | (as adjusted) December 31, 2018
Cash | $ | 162 |  |  | $ | — |  |  | $ | 162 |
Current assets | 1,490 |  |  | — |  |  | 1,490 |
Goodwill | 6,896 |  |  | (53 | ) |  | 6,843 |
Other intangibles | 5,081 |  |  | — |  |  | 5,081 |
Current liabilities | (518 | ) |  | — |  |  | (518 | )
Long-term deferred tax liability | (540 | ) |  | — |  |  | (540 | )
Other non-current liabilities | (12 | ) |  | — |  |  | (12 | )
Net assets acquired and liabilities assumed | $ | 12,559 |  |  | $ | (53 | ) |  | $ | 12,506 |
Cooking Solutions Group |
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 1, 2019
Cash | $ | 843 |
Current assets | 33,666 |
Property, plant and equipment | 15,959 |
Goodwill | 31,207 |
Other intangibles | 53,450 |
Current liabilities | (15,130 | )
Long-term deferred tax liability | (13,082 | )
Net assets acquired and liabilities assumed | $ | 106,913 |
Powerhouse |
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 1, 2019
Cash | $ | 24 |
Current assets | 1,351 |
Property, plant and equipment | 14 |
Goodwill | 5,789 |
Other intangibles | 5,060 |
Long-term deferred tax asset | 1,673 |
Current liabilities | (2,624 | )
Other non-current liabilities | (271 | )
Net assets acquired and liabilities assumed | $ | 11,016 |
Brewtech |
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) June 15, 2019
Cash | $ | 468 |
Current assets | 3,936 |
Property, plant and equipment | 30 |
Goodwill | 26,528 |
Other intangibles | 15,318 |
Long-term deferred tax asset | 155 |
Current liabilities | (3,393 | )
Other non-current liabilities | (5,768 | )
Consideration paid at closing | $ | 37,274 |
Deferred payments | 2,404 |
Contingent consideration | 4,258 |
Net assets acquired and liabilities assumed | $ | 43,936 |

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