Acquisitions Acquisition (Tables)

6 Months Ended

Sep. 02, 2017

Schedule of Recognized Identified Assets Acquired

The purchase price allocation is based on these estimated fair values of assets acquired and liabilities assumed, as follows:



(In thousands)
Net working capital	$	36,182
Property, plant and equipment	43,961
Goodwill	55,288
Other intangible assets	71,500
Less: Long-term liabilities acquired, net	14,605
Net assets acquired	$	192,326

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Other intangible assets reflect the following:



(In thousands)	Estimated fair value		Estimated useful life (in years)
Customer relationships	$	34,800	16
Tradename	32,400		Indefinite
Backlog	4,300		1.5
	$	71,500

Business Acquisition, Pro Forma Information

The following table sets forth certain unaudited pro forma consolidated data for the first three- and six-month periods of fiscal 2018 and 2017 as if the two acquisitions discussed previously were consummated on each of their respective same terms at the beginning of the fiscal year preceding their respective acquisition dates.



	Three Months Ended				Six Months Ended
In thousands, except per share data	September 2, 2017		August 27, 2016		September 2, 2017		August 27, 2016
Net sales	$	351,988	$	372,770	$	696,039	$	714,965
Net earnings	20,312		25,792		37,528		46,201
Earnings per share
Basic	0.70		0.89		1.30		1.60
Diluted	0.70		0.89		1.30		1.60