Acquisitions (Tables)

9 Months Ended

Mar. 31, 2020

Schedule of preliminary estimated fair values of assets acquired and liabilities assumed on the acquisition date

The following presents the preliminary estimated fair values of Lord and Exotic's assets acquired and liabilities assumed on the respective acquisition dates. These preliminary estimates are based on available information and will be revised during the measurement period, not to exceed 12 months from the acquisition date, as third-party valuations are finalized, additional information becomes available and as additional analysis is performed. Such revisions may have a material impact on our results of operations and financial position within the measurement period. During the current-year quarter and first nine months of fiscal 2020, these revisions, which primarily impacted intangible assets, goodwill, deferred income taxes, other liabilities, and plant and equipment, did not have a material impact on our financial statements.

Purchase price allocation by acquisition:



	Lord		Exotic
	October 29, 2019		September 16, 2019
Assets:
Cash and cash equivalents	$	74,013	$	8,179
Accounts receivable	156,541		81,336
Inventories	248,600		114,661
Prepaid expenses and other	24,160		1,343
Plant and equipment	406,553		178,393
Deferred income taxes	—		2,057
Other assets	42,220		1,226
Intangible assets	1,449,860		874,470
Goodwill	1,955,618		503,725
Total assets acquired	4,357,565		1,765,390
Liabilities:
Notes payable and long-term debt payable within one year	403		—
Accounts payable, trade	56,186		23,176
Accrued payrolls and other compensation	57,433		8,863
Accrued domestic and foreign taxes	4,498		2,123
Other accrued liabilities	87,810		25,662
Long-term debt	221,161		—
Pensions and other postretirement benefits	115,265		—
Deferred income taxes	299,634		—
Other liabilities	53,470		—
Noncontrolling interests	6,262		—
Total liabilities and noncontrolling interests assumed	902,122		59,824
Net assets acquired	$	3,455,443	$	1,705,566