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BUSINESS COMBINATIONS (Tables) | 3 Months Ended
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Mar. 28, 2020
BUSINESS COMBINATIONS |
Business Acquisitions Accounted for Using Purchase Method | ​
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Company | Acquisition | ​ | Intangible | Tangible | Operating
Name | Date | Purchase Price | Assets | Assets | Segment
​ | March 13, 2020 | $21,851 cash paid for 100% asset purchase and estimated contingent consideration | $ | 18,219 | $ | 3,632 | Construction
Quest Design & Fabrication and Quest Architectural Millwork ("Quest") | A designer, fabricator, and installer of premium millwork and case goods for a variety of commercial uses. Quest had annual sales of approximately $22 million. The acquisition of Quest will expand our architectural millwork in the commercial construction business unit, which aligns with our growth goals in the construction segment.
​ | September 16, 2019 | $12,422 cash paid for 100% asset purchase | $ | 7,464 | $ | 4,958 | Industrial
Pallet USA, LLC ("Pallet USA") | A manufacturer and recycler of wood pallet and crating products in the Midwest. Pallet USA had annual sales of approximately $18 million. The acquisition of Pallet USA allows us to expand our capacity to manufacture wood-based industrial packaging products and offer new services to customers in the Midwest.
​ | August 12, 2019 | $17,809 cash paid for 100% asset purchase and estimated contingent consideration | $ | 8,089 | $ | 9,720 | Retail
Northwest Painting, Inc. ("Northwest") | A supplier of pre-painted building materials, including siding, soffit, panels and trim to the Western U.S. Northwest had annual sales of approximately $14 million. The acquisition of Northwest will expand our capacity to produce coated siding and trim for customers in the Northwest and Mountain West regions.
​ | May 1, 2019 | $7,168 cash paid for 100% asset purchase and estimated contingent consideration | $ | 6,180 | $ | 988 | Industrial
Wolverine Wood Products, Inc. ("Wolverine") | A manufacturer of wood panel components for furniture, store fixtures and case goods manufacturers. Wolverine had annual sales of approximately $5 million. The acquisition of Wolverine allows us to expand capacity to produce value-added wood components for customers in the Midwest.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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