v3.26.1
Acquisitions (Tables)
 6 Months Ended
Jul. 04, 2026
Business Combination [Abstract]  
Allocation of Cash Consideration Paid to Assets Acquired and Liabilities Assumed The final allocation of cash consideration paid to assets acquired and liabilities assumed is based on the information that was available as of the acquisition date for the 2025 acquisitions and is summarized as follows:

 

(in millions)

 

Preliminary
Opening
Balance Sheet

 

Measurement
Period Adjustments

 

Adjusted Opening Balance Sheet

 

Cash

 

$

7.4

 

$

—

 

$

7.4

 

Other current assets

 

 

41.6

 

 

(1.1

)

 

40.5

 

Property, plant and equipment

 

 

6.1

 

 

—

 

 

6.1

 

Goodwill

 

 

13.3

 

 

2.0

 

 

15.3

 

Other intangibles

 

 

10.3

 

 

—

 

 

10.3

 

Other assets

 

 

5.5

 

 

—

 

 

5.5

 

Current maturities of long-term debt

 

 

(0.9

)

 

—

 

 

(0.9

)

Other current liabilities

 

 

(36.7

)

 

(0.2

)

 

(36.9

)

Long-term debt

 

 

(0.7

)

 

—

 

 

(0.7

)

Long-term deferred tax liability

 

 

(2.3

)

 

0.2

 

 

(2.1

)

Other non-current liabilities

 

 

(10.1

)

 

—

 

 

(10.1

)

Consideration paid

 

$

33.5

 

$

0.9

 

$

34.4

 

Contingent consideration

 

 

4.7

 

 

—

 

 

4.7

 

Net assets acquired and liabilities assumed

 

$

38.2

 

$

0.9

 

$

39.1

 
Business Acquisition, Pro Forma Financial Information The following pro forma results include adjustments to reflect amortization of intangibles associated with the acquisitions and the effects of adjustments made to the carrying value of certain assets:

 

 

 

Six Months Ended

 

(in millions)

 

July 4, 2026

 

 

June 28, 2025

 

Net sales

 

$

470.4

 

 

$

402.3

 

Net earnings

 

 

27.4

 

 

 

36.1