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Acquisitions (Tables) | 12 Months Ended
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Dec. 28, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Summary of assets and noncontrolling interests acquired | The following table summarizes the aggregate purchase price and estimated fair values of the net assets and noncontrolling interests acquired related to the 2024 acquisitions:
(In thousands) |  | Total
Cash and Cash Equivalents |  | $ | 11,509 |
Accounts Receivable |  | 12,382 |
Inventories |  | 24,649 |
Other Current Assets |  | 4,936 |
Property, Plant, and Equipment |  | 37,028 |
Other Assets |  | 16,527 |
Definite-Lived Intangible Assets |  |
Customer relationships |  | 115,095 |
Product technology |  | 24,530 |
Tradenames |  | 9,497 |
Other |  | 4,901 |
Goodwill |  | 99,640 |
Total assets acquired |  | 360,694 |
Accounts Payable |  | 3,301 |
Customer Deposits |  | 3,192 |
Other Current Liabilities |  | 10,212 |
Long-Term Deferred Income Taxes |  | 5,786 |
Other Long-Term Liabilities |  | 13,849 |
Total liabilities assumed |  | 36,340 |
Noncontrolling interests acquired |  | 9,319 |
Net assets and noncontrolling interests acquired |  | $ | 315,035 |
(In thousands) |  | Total
Purchase Price: |  |
Cash Paid |  | $ | 311,844 |
Fair Value of Contingent Consideration (Note 10) |  | 1,785 |
Estimated Remaining Post-Closing Adjustments, Net |  | 1,406 |
|  | $ | 315,035 |
Revenue and Operating Income | Revenue and operating income for the year ended December 28, 2024 associated with the 2024 acquisitions from their respective acquisition dates are as follows:
(In thousands) |  | Total
Revenue |  | $ | 115,227 |
Operating Income (a) |  | $ | 5,548 |
(a) Includes amortization expense associated with acquired profit in inventory and backlog of $8,441,000 in 2024.
Unaudited supplemental pro forma information | The following unaudited pro forma information provides the effect of the Key Knife, KWS and DSTI acquisitions as if had they been completed as of the beginning of 2023:
(In thousands, except per share amounts) |  | December 28, 2024 |  | December 30, 2023
Revenue |  | $ | 1,064,976 |  |  | $ | 1,093,750 |
Net Income Attributable to Kadant |  | $ | 117,560 |  |  | $ | 106,069 |
Earnings per Share Attributable to Kadant |  |  |  |
Basic |  | $ | 10.01 |  |  | $ | 9.07 |
Diluted |  | $ | 9.99 |  |  | $ | 9.04 |

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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/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 2: 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
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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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