Business Acquisition (Tables) - Business Acquisition, Acquiree - L'Orange [Member]

12 Months Ended

Sep. 30, 2020

Business Acquisition [Line Items]

Schedule of the Purchase Price

The purchase price of L’Orange, prepared consistent with the required ASC 805 framework, is allocated as follows:

Cash paid to Sellers	$	780,401
Less acquired cash and restricted cash		(9,286	)
Total purchase price	$	771,115

Schedule of Assets Acquired and Liabilities Assumed

The following table, which is final as of June 30, 2019, summarizes the estimated fair values of the assets acquired and liabilities assumed at the Closing.  

Accounts receivable	$	26,538
Inventories (1)		72,392
Other current assets		1,385
Property, plant, and equipment		89,772
Goodwill		257,447
Intangible assets		573,427
Total assets acquired		1,020,961
Other current liabilities		41,997
Deferred income tax liabilities		166,927
Other noncurrent liabilities		40,922
Total liabilities assumed		249,846
Net assets acquired	$	771,115

(1) Inventories include a $16,324 adjustment to state work in progress and finished goods inventories at their fair value as of the acquisition date.  The entire inventory fair value adjustment was recognized as a noncash increase to cost of goods sold ratably over the estimated inventory turnover period during the fiscal year ended September 30, 2018.  

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired

A summary of the intangible assets acquired, weighted-average useful lives, and amortization methods follows:

	Estimated Amounts		Weighted- Average Useful Life	Amortization Method
Intangible assets with finite lives:
Customer relationships and contracts	$	388,705	22 years	Straight-line
Process technology		74,260	22 years	Straight-line
Backlog		42,932	1 year	Accelerated
Other		232	3 years	Straight-line
Intangible asset with indefinite life:
Trade name		67,298	Indefinite	Not amortized
Total	$	573,427

Schedule of Unaudited Pro Forma Results

The unaudited pro forma results for fiscal years ended September 30, 2019 and September 30, 2018 were as follows:

	Year Ended				Year Ended
	September 30, 2019				September 30, 2018
	As reported		Pro forma		As reported		Pro forma
Net sales	$	2,900,197	$	2,900,197	$	2,325,873	$	2,549,874
Net earnings		259,602		267,649		180,378		225,800
Earnings per share:
Basic earnings per share	$	4.19	$	4.32	$	2.93	$	3.67
Diluted earnings per share		4.02		4.15		2.82		3.53