Acquisitions and Divestitures Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2018

Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary, estimated fair values of the assets acquired and liabilities assumed at the acquisition date as well as adjustments made to the acquisition accounting during the nine months ended September 30, 2018 (referred to as the "measurement period adjustments"). The measurement period adjustments primarily resulted from revisions to the valuation of certain tangible and intangible assets. The adjustments to current period earnings that would have been recognized in previous periods if the acquisition accounting had been completed on the acquisition date were not material. The Company is finalizing the allocation of the purchase price (primarily the determination of certain tax balances) and it is therefore preliminary and subject to revision.




	November 2, 2017			Measurement Period Adjustments			As Adjusted
Trade accounts receivable	$	380,000		$	6,000		$	386,000
Merchandise inventories	374,000			4,000			378,000
Prepaid expenses and other current assets	213,000			13,000			226,000
Intangible assets	727,000			86,000			813,000
Deferred tax assets	4,000			2,000			6,000
Property and equipment	93,000			(1,000		)	92,000
Other assets	25,000			(11,000		)	14,000
Total identifiable assets acquired	1,816,000			99,000			1,915,000
Current liabilities	(768,000		)	(52,000		)	(820,000		)
Long-term debt	(769,000		)	—			(769,000		)
Pension and other post-retirement benefit liabilities	(14,000		)	—			(14,000		)
Deferred tax liabilities	(151,000		)	(25,000		)	(176,000		)
Other long-term liabilities	(32,000		)	(2,000		)	(34,000		)
Total liabilities assumed	(1,734,000		)	(79,000		)	(1,813,000		)
Net identifiable assets acquired	82,000			20,000			102,000
Noncontrolling interests in subsidiaries	(38,000		)	—			(38,000		)
Goodwill	1,036,000			(33,000		)	1,003,000
Net assets acquired	$	1,080,000		$	(13,000	)	$	1,067,000