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Acquisitions (Tables) | 12 Months Ended
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Dec. 28, 2013
Business Acquisition [Line Items] |
Selected pro forma information, for comparative purposes | The following table presents pro forma condensed balance sheet information for the Company with the pro forma effect of estimated purchase price allocation of the VION Acquisition as of December 28, 2013 (unaudited) (in thousands):
| December 28, 2013
Current assets | $ | 2,338,185 |
Property, plant and equipment, net | 1,428,590 |
Intangible assets, net | 1,205,381 |
Goodwill | 1,451,570 |
Other long-term assets | 224,269 |
Total assets | $ | 6,647,995 |
Current liabilities | $ | 724,760 |
Debt | 2,316,947 |
Other long-term liabilities | 742,272 |
Stockholders' equity | 2,864,016 |
Total liabilities and stockholders' equity | $ | 6,647,995 |
The following table presents selected pro forma information, for comparative purposes assuming the VION Acquisition and Rothsay Acquisition had occurred on December 30, 2012 (unaudited) (in thousands, except per share data):
| December 28, 2013
Net sales | $ | 4,105,673 |
Income from continuing operations | 357,182 |
Net income | 158,334 |
Earnings per share |
Basic | $ | 0.96 |
Diluted | $ | 0.96 |
Rothsay [Member] |
Business Acquisition [Line Items] |
Selected pro forma information, for comparative purposes | The following table presents selected pro forma information, for comparative purposes, assuming the Rothsay Acquisition had occurred on January 1, 2012 for the periods presented (unaudited) (in thousands, except per share data):
| December 28, 2013 | December 29, 2012
Net sales | $ | 1,920,960 |  | $ | 1,928,840 |
Income from continuing operations | 194,834 |  | 229,963 |
Net income | 129,218 |  | 145,836 |
Earnings per share |  |  |
Basic | $ | 1.08 |  | $ | 1.24 |
Diluted | $ | 1.08 |  | $ | 1.23 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the Rothsay Acquisition as of October 28, 2013 (in thousands):
Accounts receivable | $ | 13,220 |
Inventory | 5,479 |
Other current assets | 312 |
Property and equipment | 139,304 |
Identifiable intangibles | 240,386 |
Goodwill | 261,668 |
Accounts payable | (12,159 | )
Accrued expenses | (5,701 | )
Deferred tax liability | (15,031 | )
Capital lease obligations | (10,741 | )
Other non-current liabilities | (4,102 | )
Purchase price, net of cash acquired | $ | 612,635 |

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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=25497992&loc=d3e1392-128463 + 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=6910749&loc=d3e4845-128472 + Details
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