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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Summary of Purchase Price and Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary purchase price and the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands):
Total purchase price, net of cash and cash equivalents acquired |  |  |  | $ | 425,327 |
Fair value of net assets acquired: |  |  |  |
Current assets |  | $ | 348,727 |  |  |
Identifiable intangible assets - see description below |  | 158,100 |  |  |
Property and equipment |  | 2,266 |  |  |
Other assets |  | 260,185 |  |  |
Current liabilities |  | (335,548) |  |  |
Long-term liabilities, including long-term accounts payable |  | (125,425) |  |  |
Total fair value of net assets acquired |  |  |  | 308,305 |
Excess purchase price over fair value of net assets acquired ("goodwill") |  |  |  | $ | 117,022 |
Schedule of Intangible Assets Acquired as Part of Business Combination | The identifiable intangibles resulting from the acquisition are amortized using the straight-line method over the following estimated useful lives:
Intangible Assets |  | Estimated Economic Life
Customer relationships |  | 10 Years
Trade name |  | 3 Years
Non-compete agreements |  | 3-5 Years
Summary of Pro Forma Information | The following table reports unaudited pro forma information as if the acquisition of SADA had been completed at the beginning of 2022 (in thousands, except per share amounts):
|  |  |  | Year Ended December 31,
|  |  |  | 2023 |  | 2022
Net sales |  | As reported |  | $ | 9,175,840 |  |  | $ | 10,431,191 |
|  | Pro forma |  | $ | 9,367,386 |  |  | $ | 10,682,565 |
Net earnings |  | As reported |  | $ | 281,309 |  |  | $ | 280,608 |
|  | Pro forma |  | $ | 330,757 |  |  | $ | 308,243 |
Diluted earnings per share |  | As reported |  | $ | 7.55 |  |  | $ | 7.66 |
|  | Pro forma |  | $ | 8.88 |  |  | $ | 8.42 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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