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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following presents the preliminary allocation of purchase price to the assets acquired and liabilities assumed, based on their estimated fair values at their acquisition dates:
Total
Current assets, net of cash acquired$30,287 
Property, plant and equipment6,642 
Goodwill157,874 
Intangible assets100,524 
Current liabilities(20,249)
Other liabilities(16,404)
Net assets acquired$258,674 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The amounts assigned to goodwill and major intangible asset classifications were as follows:
Amount allocatedUseful life
(in years)
Goodwill - tax deductible$33,183 na
Goodwill - non deductible124,691 na
Customer intangibles79,795 10-12
Unpatented technology14,098 6-9
Trademarks6,631 15
$258,398 
Pro forma results of operations
The following unaudited pro forma information illustrates the impact of 2020 and 2019 acquisitions on the Company’s revenue and earnings from operations for the three and nine months ended September 30, 2020 and 2019, respectively.
The unaudited pro forma information assumes that the 2020 and 2019 acquisitions had taken place at the beginning of the prior year, 2019 and 2018, respectively. Unaudited pro forma earnings are adjusted to reflect the comparable impact of additional depreciation and amortization expense, net of tax, resulting from the fair value measurement of intangible and tangible assets relating to the year of acquisition.

The unaudited pro forma effects for the three and nine months ended September 30, 2020 and 2019 were as follows:
 Three Months Ended September 30,Nine Months Ended September 30,
 2020201920202019
Revenue:  
As reported$1,748,256 $1,825,345 $4,903,370 $5,360,808 
Pro forma1,752,155 1,845,416 4,924,687 5,428,757 
Net earnings:
As reported$200,300 $206,006 $501,345 $509,796 
Pro forma203,133 206,333 512,190 511,425