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Acquisitions (Tables)
6 Months Ended
Sep. 30, 2015
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 transferred and the estimated fair values of the assets acquired and liabilities assumed for fiscal 2016 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)
Distribution
Business
Segment
 
All Other Operations Business Segment
 
Total
Consideration
 
 
 
 
 
Cash (a)
$
53,227

 
$
44,917

 
$
98,144

 
 
 
 
 
 
Recognized amounts of identifiable assets acquired and liabilities assumed
 
 
 
 
 
Current assets, net
$
7,957

 
$
2,182

 
$
10,139

Plant and equipment
11,035

 
13,240

 
24,275

Other intangible assets
21,585

 
13,569

 
35,154

Current liabilities
(7,732
)
 
(4,282
)
 
(12,014
)
Non-current liabilities
(3,350
)
 
(1,597
)
 
(4,947
)
Total identifiable net assets
29,495

 
23,112

 
52,607

 
 
 
 
 
 
Goodwill
23,732

 
21,805

 
45,537


$
53,227

 
$
44,917

 
$
98,144

____________________
(a) 
Includes cash paid, net of cash acquired, for current year acquisitions as well as payments for the settlement of holdback liabilities associated with prior year acquisitions.
Business Acquisition, Pro Forma Information [Table Text Block]
The following table provides unaudited pro forma results of operations for the six months ended September 30, 2015 and 2014, as if fiscal 2016 acquisitions had occurred on April 1, 2014. The pro forma results were prepared from financial information obtained from the sellers of the businesses and as part of the due diligence process associated with the acquisitions. The unaudited pro forma results reflect certain adjustments related to the acquisitions, such as increased depreciation and amortization expense resulting from the stepped-up basis to fair value of assets acquired and adjustments to reflect the Company’s borrowing and tax rates. The pro forma operating results do not include any anticipated synergies related to combining the businesses. Accordingly, such pro forma operating results were prepared for comparative purposes only and do not purport to be indicative of what would have occurred had the acquisitions been made as of April 1, 2014 or of results that may occur in the future.
 
Six Months Ended
 
September 30,
(In thousands, except per share amounts)
2015
 
2014
Net sales
$
2,742,947

 
$
2,710,701

Net earnings
186,897

 
189,532

Diluted earnings per share
$
2.48

 
$
2.51