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Acquisitions and Purchase Accounting Acquisition and Purchase Accounting (Tables) | 3 Months Ended
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Apr. 01, 2023
Business Acquisition [Line Items] |
Business Acquisition, Pro Forma Information | The following pro forma results include adjustments to reflect 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):
| Three Months Ended
| April 1, 2023 |  | April 2, 2022
Net sales | $ | 1,007,624 |  |  | $ | 1,033,298 |
Net earnings | 102,272 |  |  | 72,593 |
Net earnings per share: |  |  |
Basic | $ | 1.91 |  |  | $ | 1.33 |
Diluted | $ | 1.88 |  |  | $ | 1.29 |
2022 Acquisitions |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2022 acquisitions and are summarized as follows (in thousands):
| Preliminary Opening Balance Sheet |  | Preliminary Measurement Period Adjustments |  | Adjusted Opening Balance Sheet
Cash | $ | 25,860 |  |  | $ | 159 |  |  | $ | 26,019 |
Current assets | 115,264 |  |  | (2,983) |  |  | 112,281 |
Property, plant and equipment | 44,598 |  |  | 709 |  |  | 45,307 |
Goodwill | 139,633 |  |  | 5,527 |  |  | 145,160 |
Other intangibles | 93,147 |  |  | 2,212 |  |  | 95,359 |
Long-term deferred tax asset | 426 |  |  | 104 |  |  | 530 |
Other assets | 1,420 |  |  | 3,039 |  |  | 4,459 |
Current portion of long-term debt | (22,841) |  |  | 2,154 |  |  | (20,687) |
Current liabilities | (57,158) |  |  | (1,479) |  |  | (58,637) |
Long term debt | (5,646) |  |  | (2,320) |  |  | (7,966) |
Long-term deferred tax liability | (23,137) |  |  | 1,858 |  |  | (21,279) |
Other non-current liabilities | (19,061) |  |  | (6,737) |  |  | (25,798) |
Consideration paid at closing | $ | 292,505 |  | 292505000 | $ | 2,243 |  |  | $ | 294,748 |
Contingent consideration | 19,105 |  |  | 3,969 |  |  | 23,074 |
Net assets acquired and liabilities assumed | $ | 311,610 |  |  | $ | 6,212 |  |  | $ | 317,822 |
2023 Acquisitions |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisition | The following estimated fair values of assets acquired and liabilities assumed are based on the information that was available as of the acquisition dates for the other 2023 acquisitions and are summarized as follows (in thousands):
| Preliminary Opening Balance Sheet |  |  |  |
Cash | $ | 851 |  |  |  |  |
Current assets | 2,668 |  |  |  |  |
Property, plant and equipment | 955 |  |  |  |  |
Goodwill | 3,149 |  |  |  |  |
Other intangibles | 11,221 |  |  |  |  |
Current liabilities | (644) |  |  |  |  |
Other non-current liabilities | (741) |  |  |  |  |
Consideration paid at closing | $ | 17,459 |  |  |  |  |
Contingent consideration | 741 |  |  |  |  |
Net assets acquired and liabilities assumed | $ | 18,200 |  |  |  |  |

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