Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

The following presents the allocation of acquisition cost to the assets acquired and liabilities assumed, based on their estimated fair values:



	Total
Current assets, net of cash acquired	$	76,323
Property, plant and equipment	38,849
Goodwill	315,701
Intangible assets	229,829
Other non-current assets, principally deferred taxes	1,934
Current liabilities assumed	(31,814		)
Non-current liabilities assumed, principally deferred taxes	(62,979		)
Net assets acquired	$	567,843

The following presents the allocation of acquisition cost to the assets acquired and liabilities assumed, based on their estimated fair values:



	Accelerated			Other Acquisitions			Total
Current assets, net of cash acquired	$	133,475		$	74,712		$	208,187
Property, plant and equipment	51,070			6,199			$	57,269
Goodwill	222,808			209,330			$	432,138
Intangible assets	131,200			163,727			$	294,927
Current liabilities assumed	(43,935		)	(36,425		)	$	(80,360	)
Non-current liabilities assumed, principally deferred taxes	(58,896		)	(51,011		)	$	(109,907	)
Net assets acquired	$	435,722		$	366,532		$	802,254

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 2015 acquisitions are as follows:



	Engineered Systems		Fluids		Refrigeration & Food Equipment		Total		Average Useful life (in years)
Goodwill - Tax deductible	$	—	$	45,368	$	3,832	$	49,200	n/a
Goodwill - Non deductible	238,618		27,883		—		266,501		n/a
Customer intangibles	136,495		26,866		2,500		165,861		14
Trademarks	8,263		6,000		—		14,263		15
Other intangibles and assets	24,405		25,000		300		49,705		12
	$	407,781	$	131,117	$	6,632	$	545,530

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, 2015 and 2014, assuming that all acquisitions had taken place at the beginning of the prior year period. 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 $2,560 of nonrecurring expense related to the fair value adjustments to acquisition-date inventory (after-tax) and $1,999 of acquisition-related costs (after-tax) from the year ended December 31, 2015. The supplemental pro forma earnings for the 2014 period were similarly adjusted for 2014 acquisition charges as if they were incurred at the beginning of 2013. The 2015 and 2014 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 2015 and 2014 acquisitions.



	Years Ended December 31,
	2015		2014
Revenue from continuing operations:
As reported	$	6,956,311	$	7,752,728
Pro forma	7,096,102		8,148,820
Earnings from continuing operations:
As reported	$	595,881	$	778,140
Pro forma	623,350		795,754
Basic earnings per share from continuing operations:
As reported	$	3.78	$	4.67
Pro forma	3.95		4.77
Diluted earnings per share from continuing operations:
As reported	$	3.74	$	4.61
Pro forma	3.92		4.71