Business Combinations Business Combinations (Tables)

9 Months Ended

Mar. 31, 2018

Business Combination, Separately Recognized Transactions [Table Text Block]

Net sales, operating income and net income from the FCX acquisition included in the Company’s results since January 31, 2018, the date of the acquisition, are as follows:



	January 31, 2018 to March 31, 2018
Net sales	$	100,368
Operating income	$	6,945
Net income	$	4,922

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma consolidated results of operations have been prepared as if the FCX acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2017:



	Three Months Ended March 31,				Nine Months Ended March 31,
Pro forma	2018		2017		2018		2017
Sales	$	866,818	$	764,999	$	2,432,709	$	2,167,280
Operating income	55,950		46,917		156,267		131,616
Net income	35,577		26,153		107,738		71,577
Diluted net income per share	$	0.91	$	0.66	$	2.74	$	1.82

FCX Performance, Inc [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of FCX based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase accounting will be finalized within one year from the acquisition date.



	FCX Acquisition
Cash	$	11,146
Accounts receivable	82,666
Inventories	45,696
Other current assets	2,204
Property	8,512
Identifiable intangible assets	305,420
Goodwill	420,953
Other assets	823
Total assets acquired	877,420
Accounts payable and accrued liabilities	49,338
Other liabilities	803
Deferred tax liabilities	42,998
Net assets acquired	$	784,281

The goodwill recognized is attributable primarily to expected synergies and other benefits that the Company believes will result from the acquisition of FCX.