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Acquisitions (Tables) | 6 Months Ended
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Jul. 02, 2017
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table presents the purchase price allocation among the assets acquired and liabilities assumed with respect to the Vascular Solutions acquisition:
| (Dollars in thousands)
Assets |  |
Current assets | $ | 63,867 |
Property, plant and equipment | 46,616 |
Intangible assets | 539,250 |
Goodwill | 522,614 |
Other assets | 728 |
Total assets acquired | 1,173,075 |
Less: |  |
Current liabilities | 15,079 |
Deferred tax liabilities | 182,472 |
Liabilities assumed | 197,551 |
Net assets acquired | $ | 975,524 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The following table sets forth the components of identifiable intangible assets acquired and the ranges of the useful lives as of the date of the Vascular Solutions acquisition:
| Fair value |  | Useful life range
| (Dollars in thousands) |  | (Years)
Intellectual property | 248,200 |  |  | 10- 20
In-process research and development ("IPR&D") | 15,600 |  |  | Indefinite
Trade names | 16,650 |  |  | 20
Customer lists | 258,800 |  |  | 25
Business Acquisition, Pro Forma Information | The following unaudited pro forma combined financial information for the three and six months ended July 2, 2017 and June 26, 2016, respectively, gives effect to the Vascular Solutions acquisition as if it was completed at the beginning of the earliest period presented. The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have occurred under the ownership and management of the Company.
| Three Months Ended |  | Six Months Ended
| July 2, 2017 |  | June 26, 2016 |  | July 2, 2017 |  | June 26, 2016
| (Dollars and shares in thousands, except per share)
Net revenue | $ | 528,613 |  |  | $ | 514,574 |  |  | $ | 1,039,318 |  |  | $ | 978,697 |
Net income | $ | 79,221 |  |  | $ | 59,352 |  |  | $ | 128,302 |  |  | $ | 77,252 |
Basic earnings per common share: |  |  |  |  |  |  |
Net income | $ | 1.76 |  |  | $ | 1.36 |  |  | $ | 2.85 |  |  | $ | 1.81 |
Diluted earnings per common share: |  |  |  |  |  |  |
Net income | $ | 1.69 |  |  | $ | 1.26 |  |  | $ | 2.75 |  |  | $ | 1.61 |
Weighted average common shares outstanding: |  |  |  |  |  |  |
Basic | 44,996 |  |  | 43,549 |  |  | 44,945 |  |  | 42,598 |
Diluted | 46,818 |  |  | 47,246 |  |  | 46,716 |  |  | 48,014 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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