Acquisitions (Tables)

6 Months Ended

Jun. 28, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Allocation of Purchase Price

The following table summarizes the provisional fair values of the identifiable assets acquired and liabilities assumed at the date of the acquisition:


Acquisition consideration
Cash consideration, net of cash acquired	$	567,092
Due to sellers	144
Total consideration at closing	$	567,236

Fair market values
Accounts receivable	$	31,268
Inventory	52,672
Prepaid and other current assets	1,256
Property, plant and equipment	19,257
Lease right-of-use assets	9,423
Trademarks and brands	174,700
Customer and distributor relationships	83,800
Core technologies	20,600
Goodwill	243,940
Other assets	583
Total assets acquired	$	637,499

Accounts payable	$	13,626
Accrued expenses	10,512
Other current liabilities	1,854
Deferred Taxes	37,282
Other liabilities	6,989
Total liabilities assumed	$	70,263
Purchase price allocation	$	567,236