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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
Business Combinations [Abstract]  
Allocation of acquisition cost
The following presents the allocation of acquisition cost to the assets acquired and liabilities assumed, based on their estimated fair values:
 
Anthony International
 
Other Acquisitions
 
Total
Current assets, net of cash acquired
$
85,009

 
$
118,637

 
$
203,646

Property, plant and equipment
40,703

 
57,313

 
98,016

Goodwill
297,534

 
304,564

 
602,098

Intangible assets
286,900

 
282,847

 
569,747

Other non-current assets, principally deferred taxes
67,605

 

 
67,605

Current liabilities assumed
(42,011
)
 
(61,101
)
 
(103,112
)
Non-current liabilities assumed, principally deferred taxes and pension obligations
(132,550
)
 
(124,407
)
 
(256,957
)
Net assets acquired
$
603,190

 
$
577,853

 
$
1,181,043

Schedule Of Acquired Intangible Assets By Major Class Text Block [Table Text Block]
The amounts assigned to goodwill and major intangible asset classifications by applicable segment for the 2012 acquisitions are as follows:
 
Energy
 
Engineered Systems
 
Total
 
Useful life (in years)
Goodwill - Tax deductible
$
10,366

 
$
20,973

 
$
31,339

 
na
Goodwill - Non deductible
125,540

 
445,219

 
570,759

 
na
Customer intangibles
105,500

 
324,321

 
429,821

 
13
Trademarks
7,520

 
46,424

 
53,944

 
13
Patents
11,140

 
11,776

 
22,916

 
8
Other intangibles

 
63,066

 
63,066

 
7
 
$
260,066

 
$
911,779

 
$
1,171,845

 
 
Pro forma results of operations
The following unaudited pro forma information illustrates the effect on the Company’s revenue and earnings from continuing operations for years ended December 31, 2012 and 2011, assuming that the 2012 acquisitions had taken place at the beginning of 2011. As a result, the supplemental pro forma earnings reflect adjustments to earnings from continuing operations as reported in the Consolidated Statements of Earnings to exclude $11,335 of nonrecurring expense related to the fair value adjustments to acquisition-date inventory (after-tax) and $5,256 of acquisition-related costs (after-tax) from the year ended December 31, 2012. The supplemental pro forma earnings for the comparable 2011 period were adjusted to include these charges as if they were incurred at the beginning of 2010. The 2012 and 2011 supplemental pro forma earnings are also adjusted to reflect the comparable impact of additional depreciation and amortization expense (net of tax) resulting from the fair value measurement of tangible and intangible assets relating to 2012 and 2011 acquisitions.
 
Years Ended December 31,
 
2012
 
2011
Revenue from continuing operations:
 
 
 
As reported
$
8,104,339

 
$
7,369,154

Pro forma
8,520,236

 
8,154,035

Earnings from continuing operations:
 
 
 
As reported
$
833,119

 
$
773,186

Pro forma
875,257

 
796,646

Basic earnings per share from continuing operations:
 
 
 
As reported
$
4.59

 
$
4.16

Pro forma
4.82

 
4.29

Diluted earnings per share from continuing operations:
 
 
 
As reported
$
4.53

 
$
4.09

Pro forma
4.76

 
4.22