Business Combinations Business Combinations (Tables)

3 Months Ended

Sep. 30, 2018

Sep. 30, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [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.



Cash	$	11,141
Accounts receivable	80,836
Inventories	47,325
Other current assets	1,657
Property	8,282
Identifiable intangible assets	305,420
Goodwill	439,164
Other assets	775
Total assets acquired	$	894,600
Accounts payable and accrued liabilities	54,518
Other liabilities	2,677
Deferred tax liabilities	55,624
Net assets acquired	$	781,781

Purchase price	$	784,281
Reconciliation of fair value transferred:
Working Capital Adjustments	(2,500		)
Total Consideration	$	781,781

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

Net sales, operating income and net income from the FCX acquisition included in the Company’s three months ended September 30, 2018 are as follows:



	July 1, 2018 to September 30, 2018
Net sales	$	146,486
Operating income	11,552
Net income	9,220

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 2018:



Pro forma, three months ended September 30:	2017
Net sales	$	762,253
Operating income	54,017
Net income	30,726
Diluted net income per share	$	0.78