Note 6 - Acquisitions and Divestitures |
6 Months Ended | ||
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Jul. 04, 2026 | |||
| Notes to Financial Statements | |||
| Business Combination [Text Block] |
The purchase method of accounting in accordance with FASB ASC 805, “Business Combinations,” was applied for all acquisitions. This requires the cost of an acquisition to be allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their respective fair values at the date of acquisition, with the excess cost accounted for as goodwill. Goodwill arising from the acquisitions is attributable to expected sales synergies from combining the acquired business's operations with those of the Company.
As of both July 4, 2026, and January 3, 2026, there were no active acquisitions whereby contingent consideration could be paid.
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- Definition The entire disclosure for business combination. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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