v3.26.1
Acquisition (Tables)
6 Months Ended
Jul. 03, 2026
Business Combination [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
Under the acquisition method of accounting, the Company makes an initial allocation of the purchase price at the date of acquisition based upon its understanding of the fair value of the acquired assets and assumed liabilities from information obtained during due diligence and through other sources. The following table summarizes the preliminary fair value of the assets acquired and liabilities assumed at the date of acquisition based on information that is currently available. The preliminary fair value of the assets acquired and liabilities assumed is determined based upon certain preliminary valuations and studies that have yet to be finalized. Accordingly, the assets acquired and liabilities assumed are subject to adjustment once the detailed analyses are completed, which adjustments could be material, management is continuing to finalize its valuation and will complete its purchase price allocation within one year of the date of acquisition.

The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of Acquisition:

Cash and cash equivalents$24,673 
Trade receivables60,002 
Inventories49,851 
Goodwill811,409 
Intangible assets735,000 
Deferred income taxes(156,908)
Other, net(1)(2)
(30,013)
$1,494,014 
                                 
(1) Includes current and non-current amounts.
(2) Includes approximately $40 million of Lease assets - right of use and lease liability.
The following summarizes the preliminary estimated fair value of significant, identifiable intangible assets acquired, excluding goodwill, as of June 1, 2026:
Intangible AssetAmortization period
(in thousands)(years)
Customer relationships $563,000 
15-20
Trade names 66,000 
5-20
Technology 89,000 10
Backlog17,000 2
$735,000 
Business Combination, Pro Forma Information The unaudited pro forma information is presented for informational purposes only and is not
necessarily indicative of the results of operations that actually would have been achieved had the Acquisition been consummated as of that time:
Three Months EndedSix Months Ended
July 3, 2026July 4, 2025July 3, 2026July 4, 2025
(in thousands)
Net sales$847,135 $766,493 $1,649,895 $1,498,759 
Net income attributable to common stockholders17,537 42,423 52,088 92,326