3. Acquisitions

The following table details the acquisitions made during the six months ended June 30, 2013.



2013 Acquisitions
Date	Type	Company / Product Line Acquired	Location (Near)	Segment
May 2	Stock	Ebsray Pumps	Brookvale, Australia	Engineered Systems
Manufacturer of rotary pumps in vane, regenerative turbine, and internal gear technologies.

May 7	Asset	The Curotto-Can, Inc.	Sonoma, California	Engineered Systems
Manufacturer of automated front loaders for use in the waste collection industry.

May 21	Asset	Klaus Enterprise, Ltd.	Alberta, Canada	Energy
Manufacturer of valves and gas compressor components that specializes in replacing parts designed to optimize the efficiency and reliability of reciprocating compressors.

May 30	Asset	Source Technologies	Charlotte, North Carolina	Printing & Identification
Manufacturer of printing devices and software, specializing in thermal stationary barcode printers.

The Company acquired these businesses in four separate transactions for net cash consideration of $69,017. The following presents the allocation of acquisition cost to the assets acquired and liabilities assumed, based on their estimated fair values:



Current assets, net of cash acquired	$	21,127
Property, plant and equipment	5,609
Goodwill	19,144
Intangible assets	31,042
Other non-current assets	802
Current liabilities	(6,185		)
Non-current liabilities	(2,522		)
Net assets acquired	$	69,017

The amounts assigned to goodwill and major intangible asset classifications for the 2013 acquisitions are as follows:



	Amount allocated		Useful life (in years)
Goodwill - Tax deductible	$	12,859	na
Goodwill - Non deductible	6,285		na
Customer intangibles	24,455		10
Trademarks	1,216		10
Patents	4,140		10
Other intangibles	1,231		2
	$	50,186

The businesses were acquired to complement and expand upon existing operations within the Fluid Solutions and Refrigeration & Food Equipment platforms of the Engineered Systems segment, as well as the Energy and Printing & Identification segments. The goodwill identified by these acquisitions reflects the benefits expected to be derived from product line expansion and operational synergies. Upon consummation of the acquisitions, each of these entities is now wholly-owned by Dover.

The Company has substantially completed the purchase price allocations for the 2013 acquisitions. However, if additional information is obtained about these assets and liabilities within the measurement period (not to exceed one year from the date of acquisition), including through asset appraisals and learning more about the newly acquired businesses, the Company will refine its estimates of fair value to allocate the purchase price more accurately; however, any such revisions are not expected to be significant.

The Unaudited Condensed Consolidated Statements of Comprehensive Earnings include the results of these businesses from the dates of acquisition. The aggregate revenue of the 2013 acquisitions included in the Company’s consolidated revenue totaled $7,466 for the three and six months ended June 30, 2013.

Pro Forma Information

The following unaudited pro forma information illustrates the effect on the Company’s revenue and earnings from continuing operations for the three and six months ended June 30, 2013 and 2012, assuming that the 2013 and 2012 acquisitions had taken place at the beginning of the prior year. As a result, the supplemental pro forma earnings for the three and six months ended June 30, 2013 reflect adjustments to earnings from continuing operations as reported in the Unaudited Condensed Consolidated Statements of Comprehensive Earnings to exclude $725 for nonrecurring expense related to the fair value adjustments to acquisition-date inventory (after-tax) and $810 of acquisition-related costs (after tax) and to reflect such items in 2012. The 2013 and 2012 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 2013 and 2012 acquisitions.



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Revenue from continuing operations:
As reported	$	2,228,763	$	2,038,289	$	4,268,336	$	3,992,903
Pro forma	2,233,259		2,147,736		4,284,331		4,265,224
Earnings from continuing operations:
As reported	$	294,352	$	205,156	$	491,341	$	391,565
Pro forma	295,973		216,338		493,521		413,624
Basic earnings per share from continuing operations:
As reported	$	1.72	$	1.12	$	2.85	$	2.13
Pro forma	1.73		1.18		2.86		2.25
Diluted earnings per share from continuing operations:
As reported	$	1.70	$	1.10	$	2.82	$	2.10
Pro forma	1.71		1.16		2.83		2.22