Annual report [Section 13 and 15(d), not S-K Item 405]

ACQUISITION (Tables)

v3.25.4
ACQUISITION (Tables)
 12 Months Ended
Jan. 03, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combination
The following table summarizes the preliminary purchase price based on the Company's current estimates as of December 2025:
(In thousands)
 May 31, 2025
Cash consideration paid to seller
 $ 957,470 
Less: Working capital and other closing adjustments (22,781)
Purchase price
 $ 934,689 
The following table summarizes the preliminary purchase price allocation of the estimated fair values of assets acquired and liabilities assumed at the Closing Date of the Acquisition:
(In thousands) May 31, 2025
Cash and cash equivalents
 $ 33,467 
Accounts receivable, net
 79,509 
Inventories
 171,940 
Prepaid expenses and other current assets
 13,902 
Property, plant and equipment
 35,615 
Operating lease assets
 96,640 
Intangible assets
 440,000 
Deferred income tax assets
 14,085 
Other assets
 36,061 
Total assets acquired
 $ 921,219 
Accounts payable
 $ 50,997 
Accrued and other current liabilities
 71,922 
Operating lease liabilities, current
 15,463 
Operating lease liabilities, noncurrent
 81,527 
Deferred income tax liabilities
 81,943 
Other liabilities
 5,407 
Total liabilities assumed
 $ 307,259 
Net assets acquired
 $ 613,960 
Goodwill
 320,729 
Purchase price
 $ 934,689 
Schedule of Unaudited Pro Forma Results of Operations
The following table summarizes the unaudited pro forma results of operations for the Company assuming that the Acquisition had occurred on December 31, 2023, which is the first day of fiscal year 2024:
Year Ended December
(In thousands, except per share amounts)
2025 2024
Net revenues $ 3,381,579  $ 3,258,239 
Net income $ 204,583  $ 248,917 
Earnings per common share
Basic $ 3.69  $ 4.48 
Diluted $ 3.65  $ 4.42