XML 77 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Acquisitions and Investments - Pro Forma (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
May 31, 2014
Jun. 01, 2013
May 31, 2014
Jun. 01, 2013
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net sales $ 386,642 $ 287,583 $ 699,327 $ 543,854
Pro forma, net sales 406,423 363,390 761,586 694,913
Operating profit 125,370 98,214 221,957 179,700
Pro forma, gross profit 62,376 61,157 108,733 89,595
Net earnings attributable to CLARCOR Inc. 34,552 33,051 58,873 56,513
Pro forma, net earnings attributable to CLARCOR Inc. 41,538 40,272 75,784 58,913
Net earnings per share attributable to CLARCOR Inc. - Diluted (in dollars per share) $ 0.68 $ 0.66 $ 1.16 $ 1.12
Pro forma, diluted earnings per share(in dollars per share) $ 0.82 $ 0.80 $ 1.49 $ 1.17
Engine/Mobile Filtration [Member]
       
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net sales 19,781 26,272 46,837 50,459
Operating profit 10,209 [1] 7,677 [2] 17,677 [1] 9,277 [3]
Net earnings attributable to CLARCOR Inc. 6,240 4,381 10,485 4,801
Net earnings per share attributable to CLARCOR Inc. - Diluted (in dollars per share) $ 0.12 $ 0.09 $ 0.21 $ 0.10
Adjustments to remove transaction costs 3,035   3,035 3,740
Adjustments related to step-up of inventory 1,368 144 1,368 4,342
Industrial/Environmental Filtration [Member]
       
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net sales 0 49,535 15,422 100,600
Operating profit 1,020 [4] 4,079 [5] 8,643 [6] (2,898) [7]
Net earnings attributable to CLARCOR Inc. 746 2,840 6,426 (2,401)
Net earnings per share attributable to CLARCOR Inc. - Diluted (in dollars per share) $ 0.01 $ 0.06 $ 0.13 $ (0.05)
Adjustments to remove transaction costs     2,089 3,075
Adjustments related to step-up of inventory 664   4,216 1,368
As Reported [Member]
       
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]        
Net sales 386,642 287,583 699,327 543,854
Operating profit 51,147 49,401 82,413 83,216
Net earnings attributable to CLARCOR Inc. $ 34,552 $ 33,051 $ 58,873 $ 56,513
Net earnings per share attributable to CLARCOR Inc. - Diluted (in dollars per share) $ 0.68 $ 0.66 $ 1.16 $ 1.12
[1] Includes adjustments to remove transaction costs of $3,035 and cost of sales related to the step-up of inventory to its estimated acquisition-date fair value of $1,368, which have been pushed back to the three months ended March 2, 2013 for pro forma presentation. Also includes adjustments to intangible asset amortization, depreciation expense and interest expense.
[2] Includes adjustments to push back cost of sales related to the step-up of inventory to its estimated acquisition-date fair value of $144. Also includes adjustments to intangible asset amortization, depreciation expense and interest expense.
[3] Includes adjustments to push back transaction costs of $3,740 and cost of sales related to the step-up of inventory to its estimated acquisition-date fair value of $4,342. Also includes adjustments to intangible asset amortization, depreciation expense and interest expense.
[4] Includes adjustments to cost of sales related to the step-up of inventory to its estimated acquisition-date fair value of $664, which have been pushed back to the six months ended June 1, 2013 for pro forma presentation.
[5] Includes adjustments to intangible asset amortization, depreciation expense and interest expense.
[6] Includes adjustments to remove transaction costs of $2,089 and cost of sales related to the step-up of inventory to its estimated acquisition-date fair value of $4,216, which have been pushed back to the period ended March 2, 2013 for pro forma presentation. Also includes adjustments to intangible asset amortization, depreciation expense and interest expense.
[7] Includes adjustments to push back transaction costs of $3,075 and cost of sales related to the step-up of inventory to its estimated acquisition-date fair value of $1,368. Also includes adjustments to intangible asset amortization, depreciation expense and interest expense.