Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

The Company acquired these businesses in six separate transactions for net cash consideration of $118,990. 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	$	30,191
Property, plant and equipment	8,555
Goodwill	48,879
Intangible assets	53,442
Other non-current assets	1,082
Current liabilities	(11,532		)
Non-current liabilities	(11,627		)
Net assets acquired	$	118,990

Schedule of acquired intangible assets

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	$	18,135	na
Goodwill - Non deductible	30,744		na
Customer intangibles	41,555		11
Trademarks	2,896		11
Patents	7,760		11
Other intangibles	1,231		2
	$	102,321

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 the three and nine months ended September 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 nine months ended September 30, 2013 reflect adjustments to earnings from continuing operations as reported in the Unaudited Condensed Consolidated Statements of Comprehensive Earnings to exclude $1,194 and $1,902 for nonrecurring expense related to the fair value adjustments to acquisition-date inventory (after-tax) and $349 and $1,159 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 September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Revenue from continuing operations:
As reported	$	2,252,349	$	2,097,605	$	6,520,685	$	6,090,508
Pro forma	2,257,473		2,208,107		6,556,075		6,485,833
Earnings from continuing operations:
As reported	$	263,652	$	233,330	$	754,993	$	624,895
Pro forma	266,169		242,135		762,069		654,576
Basic earnings per share from continuing operations:
As reported	$	1.55	$	1.28	$	4.40	$	3.41
Pro forma	1.56		1.33		4.44		3.58
Diluted earnings per share from continuing operations:
As reported	$	1.53	$	1.27	$	4.34	$	3.37
Pro forma	1.54		1.32		4.38		3.53