Acquisitions (Tables)

3 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Summary of the Consideration Transferred and the Fair Values of the Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the consideration paid and the estimated fair values of the assets acquired and liabilities assumed for fiscal 2015 acquisitions, as well as adjustments to finalize the valuations of certain prior year acquisitions. Valuation adjustments related to prior year acquisitions were not significant.

(In thousands)
Consideration
Cash (a)	$	23,463
Airgas, Inc. common stock (b)	4,458
Fair value of total consideration transferred	$	27,921
Recognized amounts of identifiable assets acquired and liabilities assumed
Current assets, net	$	6,697
Plant and equipment	7,238
Other intangible assets	7,668
Current liabilities	(5,582		)
Non-current liabilities	(2,258		)
Total identifiable net assets	13,763
Goodwill	14,158
	$	27,921

____________________

^(a)  Includes cash paid, net of cash acquired, for current year acquisitions as well as payments for the settlement of holdback liabilities and contingent consideration arrangements associated with prior year acquisitions.

^(b)  Represents 41,060 shares of Airgas, Inc. common stock issued in connection with a single acquisition. The fair value of the shares issued as part of the consideration for the acquisition was determined based on the closing market price of Airgas, Inc. common stock on the acquisition date.