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Acquisitions Acquisition (Tables) | 6 Months Ended
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Sep. 02, 2017
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired | The purchase price allocation is based on these estimated fair values of assets acquired and liabilities assumed, as follows:
(In thousands) |
Net working capital | $ | 36,182 |
Property, plant and equipment | 43,961 |
Goodwill | 55,288 |
Other intangible assets | 71,500 |
Less: Long-term liabilities acquired, net | 14,605 |
Net assets acquired | $ | 192,326 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | Other intangible assets reflect the following:
(In thousands) |  | Estimated fair value |  | Estimated useful life (in years)
Customer relationships |  | $ | 34,800 |  |  | 16
Tradename |  | 32,400 |  |  | Indefinite
Backlog |  | 4,300 |  |  | 1.5
|  | $ | 71,500 |  |  |
Business Acquisition, Pro Forma Information | The following table sets forth certain unaudited pro forma consolidated data for the first three- and six-month periods of fiscal 2018 and 2017 as if the two acquisitions discussed previously were consummated on each of their respective same terms at the beginning of the fiscal year preceding their respective acquisition dates.
|  | Three Months Ended |  | Six Months Ended
In thousands, except per share data |  | September 2, 2017 |  | August 27, 2016 |  | September 2, 2017 |  | August 27, 2016
Net sales |  | $ | 351,988 |  |  | $ | 372,770 |  |  | $ | 696,039 |  |  | $ | 714,965 |
Net earnings |  | 20,312 |  |  | 25,792 |  |  | 37,528 |  |  | 46,201 |
Earnings per share |  |  |  |  |  |  |  |
Basic |  | 0.70 |  |  | 0.89 |  |  | 1.30 |  |  | 1.60 |
Diluted |  | 0.70 |  |  | 0.89 |  |  | 1.30 |  |  | 1.60 |

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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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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