v3.22.2
ACQUISITIONS - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ / shares in Units, $ in Thousands
6 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Dec. 31, 2021
Consideration      
Cash, net of cash acquired $ 150,389 $ 252,660  
Assets Acquired      
Operating lease right-of-use assets 165,631   $ 158,183
Liabilities Assumed      
Goodwill 605,086   $ 551,377
2022 Acquisitions      
Consideration      
Cash, net of cash acquired 149,736    
Working capital holdback and other, net 2,939    
Common stock issuance 0    
Contingent consideration 1,600    
Total consideration 154,275    
Assets Acquired      
Trade receivables 21,472    
Inventories 34,690    
Prepaid expenses & other 1,395    
Property, plant & equipment 6,813    
Operating lease right-of-use assets 3,516    
Identifiable intangible assets 77,890    
Liabilities Assumed      
Current portion of operating lease obligations (785)    
Accounts payable & accrued liabilities (25,282)    
Operating lease obligations (2,731)    
Deferred tax liabilities and other long-term liabilities (16,675)    
Total fair value of net assets acquired 100,303    
Goodwill 53,972    
Total net assets acquired 154,275    
2021 Acquisitions      
Consideration      
Cash, net of cash acquired 509,339    
Working capital holdback and other, net (279)    
Common stock issuance 10,211    
Contingent consideration 4,730    
Total consideration 524,001    
Assets Acquired      
Trade receivables 26,218    
Inventories 69,343    
Prepaid expenses & other 13,740    
Property, plant & equipment 55,470    
Operating lease right-of-use assets 25,530    
Identifiable intangible assets 245,924    
Liabilities Assumed      
Current portion of operating lease obligations (5,518)    
Accounts payable & accrued liabilities (32,326)    
Operating lease obligations (20,012)    
Deferred tax liabilities and other long-term liabilities (1,996)    
Total fair value of net assets acquired 376,373    
Goodwill 147,628    
Total net assets acquired $ 524,001    
Certain Acquisitions      
Liabilities Assumed      
Number of days of working capital 90 days    
One Acquisition In 2021      
Liabilities Assumed      
Common stock issued (in shares) 113,961    
Closing price (in dollars per share) $ 89.60    
Rockford Corporation      
Consideration      
Total consideration $ 132,600    
Assets Acquired      
Trade receivables 20,600    
Inventories 32,700    
Prepaid expenses & other 1,400    
Property, plant & equipment 5,300    
Operating lease right-of-use assets 2,900    
Identifiable intangible assets 70,000    
Liabilities Assumed      
Accounts payable & accrued liabilities (24,300)    
Operating lease obligations (2,900)    
Deferred tax liabilities and other long-term liabilities (16,700)    
Goodwill 43,500    
Goodwill tax-deductible 43,500    
Tumacs Covers      
Liabilities Assumed      
Goodwill tax-deductible $ 6,200