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ACQUISITIONS (Tables)

3 Months Ended

Mar. 30, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the preliminary amounts recorded for acquired assets and assumed liabilities at the acquisition date (in thousands):

Cash			$	2,051
Accounts receivable, net			3,940
Inventory (1)			17,164
Prepaid expenses and other current assets			3,858
Property and equipment			512
Operating lease right-of-use assets			1,087
Goodwill			18,600
Intangible assets			5,500
Total assets acquired			52,712
Current liabilities			(13,744)
Non-current liabilities			(753)
Total liabilities assumed			(14,497)
Net assets acquired			$	38,215

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(1)Includes a $4.8 million step up of inventory to fair value, which will be expensed as the related inventory is sold.

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- References

No definition available.

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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

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