v3.26.1
ACQUISITIONS (Tables)
 6 Months Ended
Jun. 28, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Asset Acquisition, Contingent Consideration
Changes in the contingent consideration liability are as follows:
Three Months EndedSix Months Ended
($ in thousands)June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Fair value at beginning of period$1,777 $3,792 $2,445 $3,608 
Additions— — — 1,800 
Fair value adjustments— — 1,098 (1,600)
Settlements(16)(16)(1,782)(32)
Fair value at end of period$1,761 $3,776 $1,761 $3,776 
The following table shows the balance sheet location of the fair value of contingent consideration and the maximum amount of contingent consideration payments the Company may be subject to:
($ in thousands)June 28, 2026December 31, 2025
Accrued liabilities$1,161 $1,383 
Other long-term liabilities600 1,062 
Total fair value of contingent consideration$1,761 $2,445 
Maximum amount of contingent consideration$9,228 $9,343 
Schedule of Assets Acquired and Liabilities Assumed
The following table summarizes the fair values of the assets acquired and the liabilities assumed as of the date of each of the 2026 Acquisitions and 2025 Acquisitions:
($ in thousands)
2026
Acquisitions
2025
Acquisitions
Consideration:
Cash, net of cash acquired$6,952 $117,981 
Working capital holdback and other, net100 551 
Contingent consideration (1)
— 2,950 
Total consideration$7,052 $121,482 
Assets Acquired:
Trade receivables$492 $8,976 
Inventories1,618 18,710 
Prepaid expenses & other44 471 
Property, plant & equipment— 29,904 
Operating lease right-of-use assets99 1,119 
Identifiable intangible assets:
Customer relationships2,700 20,790 
Non-compete agreements— 1,600 
Patents and developed technology— 5,230 
Trademarks— 5,350 
Liabilities Assumed:
Current portion of operating lease obligations(80)(364)
Accounts payable & accrued liabilities(857)(7,785)
Operating lease obligations(19)(755)
Total fair value of net assets acquired3,997 83,246 
Goodwill (2)
3,055 38,236 
Total purchase price allocation$7,052 $121,482 
(1)These amounts reflect the acquisition date fair value of contingent consideration based on expected future results relating to certain acquisitions.
(2)Goodwill is tax-deductible for the 2026 Acquisitions and 2025 Acquisitions
Schedule of Pro Forma Information In addition, the pro forma information includes incremental amortization expense, in the aggregate, related to intangible assets acquired in connection with the transactions of zero and $0.5 million for the three and six months ended June 28, 2026, respectively, and $0.1 million and $1.0 million for the three and six months ended June 29, 2025, respectively.
Three Months Ended
Six Months Ended
($ in thousands, except per share data)June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Revenue$1,041,704 $1,060,094 $2,041,175 $2,082,507 
Net income$43,421 $32,945 $82,755 $71,199 
Basic earnings per common share$1.36 $1.01 $2.57 $2.18 
Diluted earnings per common share$1.28 $0.97 $2.36 $2.09