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Acquisitions (Tables) | 6 Months Ended
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Jul. 02, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated, preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):
Receivables |  | $ | 6,781 |
Inventory |  | 13,061 |
Other current assets |  | 1,840 |
Property, plant and equipment |  | 7,057 |
Intangible assets |  | 52,597 |
Goodwill |  | 27,831 |
Other long-lived assets |  | 1,303 |
Total assets acquired |  | $ | 110,470 |
Accounts payable |  | $ | 2,423 |
Accrued liabilities |  | 1,884 |
Deferred income taxes |  | 8,659 |
Total liabilities assumed |  | $ | 12,966 |
Net assets |  | $ | 97,504 |
Schedule of Acquired Intangible Assets | The intangible assets related to the acquisition consisted of the following:
|  | Fair Value |  | Amortization Period
|  | (In thousands) |  | (In years)
Intangible assets subject to amortization: |  |  |  |
Customer relationships |  | $ | 49,131 |  |  | 15.0
Trademarks |  | 2,456 |  |  | 2.0
Sales backlog |  | 1,010 |  |  | 0.2
Total intangible assets subject to amortization |  | $ | 52,597 |  |  |
Intangible assets not subject to amortization: |  |  |  |
Goodwill |  | $ | 27,831 |  |  | n/a
Total intangible assets not subject to amortization |  | $ | 27,831 |  |  |
Total intangible assets |  | $ | 80,428 |  |  |
Weighted average amortization period |  |  |  | 14.1

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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