Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

Summary of Preliminary Estimated Fair Values of the Assets Acquired and Liabilities Assumed at the Date of the Acquisition

For the RMS, Track IQ, and MTC acquisitions, the following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of the acquisition. For the RCL acquisition, the following table summarizes the final fair value of the assets acquired and liabilities assumed at the date of acquisition.



	RMS			Track IQ			MTC			RCL
In thousands	October 30, 2015			October 8, 2015			June 17, 2015			February 4, 2015
Current assets	$	3,605		$	660		$	10,906		$	16,421
Property, plant & equipment	1,378			187			1,510			12,136
Goodwill	8,847			6,649			12,141			14,787
Other intangible assets	8,621			3,246			7,649			40,403
Other assets	—			—			114			—
Total assets acquired	22,451			10,742			32,320			83,747
Total liabilities assumed	(3,741		)	(1,430		)	(8,960		)	(5,736		)
Net assets acquired	$	18,710		$	9,312		$	23,360		$	78,011

Pro Forma Financial Information

The following unaudited pro forma consolidated financial information presents income statement results as if the acquisitions listed above had occurred on January 1, 2014:



In thousands	Three Months Ended March 31, 2016		Three Months Ended March 31, 2015
Net sales	$	772,031	$	837,467
Gross profit	255,180		261,919
Net income attributable to Wabtec shareholders	94,163		98,816
Diluted earnings per share
As Reported	$	1.02	$	0.99
Pro forma	$	1.02	$	1.01