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BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 29, 2024

BUSINESS COMBINATIONS

Business acquisitions accounted for using purchase method

We completed the following business combination since the end of the second quarter of 2023, which was accounted for using the purchase method. Dollars below are in thousands unless otherwise noted:

​	​	​	​	​	​	​	​
​	​	​	​		Net		​
Company	Acquisition	​	Intangible		Tangible		Operating
Name	Date	Purchase Price	Assets		Assets		Segment
​	September 20, 2023	$52,841 consideration for 80% stock purchase, net of acquired cash	$	43,785	$	9,056	International
UFP Palets y Embalajes SL (UFP Palets)	Headquartered in Castellón, Spain, UFP Palets (formerly known as Palets Suller Group) is the market leader in machine-built wood pallets, serving the region's large ceramic tile industry. The company had trailing 12-month sales of approximately $38 million through August 2023.

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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

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-Name Accounting Standards Codification
-Topic 805
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-Publisher FASB
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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