XML 48 R25.htm IDEA: XBRL DOCUMENT
v3.25.2

BUSINESS ACQUISITIONS (Tables) | 6 Months Ended
--- | ---
Jun. 27, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Final Allocation of Purchase Consideration | The following table summarizes the preliminary purchase price allocations (in thousands):
| Precision |  | VSi |  | Total
Fair value of net assets acquired |  |  |  |  |
Current assets (excluding inventory) | $ | 11,609 |  |  | 1,982 |  |  | $ | 13,591 |
Inventory | 4,019 |  |  | 1,018 |  |  | 5,037 |
Property, plant and equipment | 12,949 |  |  | 2,732 |  |  | 15,681 |
Goodwill | 51,548 |  |  | 5,155 |  |  | 56,703 |
Definite-lived intangible assets | 72,700 |  |  | 13,600 |  |  | 86,300 |
Operating lease assets | 13,862 |  |  | 1,505 |  |  | 15,367 |
Other noncurrent assets | 43 |  |  | — |  |  | 43 |
Current liabilities (including current operating lease liabilities) | (4,341) |  |  | (773) |  |  | (5,114) |
Operating lease liabilities (noncurrent) | (8,922) |  |  | (1,256) |  |  | (10,178) |
Fair value of net assets acquired | $ | 153,467 |  |  | $ | 23,963 |  |  | $ | 177,430 |
The final purchase price allocation was as follows (in thousands):
Fair value of net assets acquired |  |  |
Current assets (excluding inventory) |  |  | $ | 7,456 |
Inventory |  |  | 8,612 |
Property, plant and equipment |  |  | 25,950 |
Goodwill |  |  | 38,058 |
Definite-lived intangible assets |  |  | 64,000 |
Finance lease assets |  |  | 7,964 |
Current liabilities |  |  | (1,760) |
Finance lease liabilities |  |  | (7,936) |
Fair value of net assets acquired |  |  | $ | 142,344 |
Business Combination, Intangible Asset, Acquired, Finite-Lived | The purchase price for each of Precision and VSi was allocated to definite-lived intangible assets as follows (dollars in thousands):
|  | Fair Value Assigned |  | Weighted Average Amortization Period (Years) |  |  |  | Weighted Average Discount Rate
Precision |  |  |  |  |  |  |  |
Customer lists |  | $ | 52,000 |  |  | 16 |  |  |  | 13.0%
Technology |  | 20,700 |  |  | 10.5 |  |  |  | 13.0%
|  | $ | 72,700 |  |  |  |  |  |  |
VSi |  |  |  |  |  |  |  |
Customer lists |  | $ | 7,700 |  |  | 16 |  |  |  | 12.0%
Technology |  | 5,900 |  |  | 17 |  |  |  | 12.0%
|  | $ | 13,600 |  |  |  |  |  |  |
The purchase price was allocated to intangible assets as follows (dollars in thousands):
Definite-lived Intangible Assets |  | Fair Value Assigned |  |  |  |  |  |
Customer lists |  | $ | 48,000 |  |  |  |  |  |  |
Technology |  | 16,000 |  |  |  |  |  |  |
|  | $ | 64,000 |  |  |  |  |  |  |
Schedule of Business Acquisition, Pro Forma Information | Actual results for each acquired business are included in the Company’s consolidated results subsequent to the date of their acquisition (in thousands):
|  |  | Three Months Ended June 28, 2024 |  | Six Months Ended June 28, 2024 |  |
Sales |  |  | $ | 442,550 |  |  | $ | 862,420 |  |  |
Income from continuing operations |  |  | 28,525 |  |  | 43,382 |  |  |

X
- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived intangible asset acquired in business combination. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration