Business Combinations Business Combinations (Tables)

9 Months Ended

Mar. 31, 2019

Mar. 31, 2018

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 estimated fair values at the acquisition date.



Cash	$	11,141
Accounts receivable	80,836
Inventories	44,669
Other current assets	1,753
Property	8,282
Identifiable intangible assets	305,420
Goodwill	440,012
Other assets	775
Total assets acquired	$	892,888
Accounts payable and accrued liabilities	54,035
Other liabilities	2,677
Deferred tax liabilities	54,395
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 and nine months ended March 31, 2019 are as follows:



	Three Months Ended March 31, 2019		Nine Months Ended March 31, 2019
Net sales	$	132,595	$	417,336
Operating income	6,659		29,117
Net income	5,115		22,798

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:



	Three Months Ended March 31,		Nine Months Ended March 31,
Pro forma	2018		2018
Net sales	$	866,818	$	2,432,709
Operating income	62,360		164,302
Net income	40,546		98,391
Diluted net income per share	$	1.03	$	2.51