v3.26.3
ACQUISITIONS (Tables)
 9 Months Ended
Sep. 27, 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 EndedNine Months Ended
($ in thousands)September 27, 2026September 28, 2025September 27, 2026September 28, 2025
Fair value at beginning of period$1,761 $3,776 $2,445 $3,608 
Additions1,875 500 1,875 2,300 
Fair value adjustments— (1,098)1,098 (2,698)
Settlements(11)(16)(1,793)(48)
Fair value at end of period$3,625 $3,162 $3,625 $3,162 
The following table shows the balance sheet location of the fair value of contingent consideration and the maximum amount of contingent consideration payments the Company may be subject to:
($ in thousands)September 27, 2026December 31, 2025
Accrued liabilities$1,900 $1,383 
Other long-term liabilities1,725 1,062 
Total fair value of contingent consideration$3,625 $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$22,240 $118,434 
Working capital holdback and other, net250 — 
Contingent consideration (1)
1,875 2,950 
Total consideration$24,365 $121,384 
Assets Acquired:
Trade receivables$1,461 $8,976 
Inventories2,189 18,617 
Prepaid expenses & other61 473 
Property, plant & equipment1,989 29,904 
Operating lease right-of-use assets99 1,428 
Identifiable intangible assets:
Customer relationships14,646 24,530 
Non-compete agreements39 500 
Patents and developed technology— 4,970 
Trademarks— 6,360 
Liabilities Assumed:
Current portion of operating lease obligations(80)(534)
Accounts payable & accrued liabilities(1,348)(7,780)
Operating lease obligations(19)(895)
Total fair value of net assets acquired19,037 86,549 
Goodwill (2)
5,328 34,835 
Total purchase price allocation$24,365 $121,384 
(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 $0.2 million and $0.7 million for the three and nine months ended September 27, 2026, respectively, and $0.7 million and $1.8 million for the three and nine months ended September 28, 2025, respectively.
Three Months Ended
Nine Months Ended
($ in thousands, except per share data)September 27, 2026September 28, 2025September 27, 2026September 28, 2025
Net sales$977,027 $990,797 $3,023,454 $3,066,016 
Net income$20,998 $35,756 $102,725 $106,314 
Basic earnings per common share$0.67 $1.10 $3.21 $3.27 
Diluted earnings per common share$0.64 $1.02 $3.00 $3.09