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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