Acquisitions (Tables)

6 Months Ended

Jun. 30, 2016

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

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



	Unitrac			RMS			Track IQ			MTC			RCL
In thousands	May 5, 2016			October 30, 2015			October 8, 2015			June 17, 2015			February 4, 2015
Current assets	$	12,526		$	3,605		$	660		$	10,348		$	16,421
Property, plant & equipment	1,768			1,378			187			1,450			12,136
Goodwill	998			8,847			6,649			13,198			14,787
Other intangible assets	1,230			8,621			3,246			7,650			40,403
Other assets	—			—			—			114			—
Total assets acquired	16,522			22,451			10,742			32,760			83,747
Total liabilities assumed	(2,144		)	(3,741		)	(1,430		)	(9,400		)	(5,736		)
Net assets acquired	$	14,378		$	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, 2015:



In thousands	Three Months Ended June 30, 2016		Three Months Ended June 30, 2015		Six Months Ended June 30, 2016		Six Months Ended June 30, 2015
Net sales	$	725,602	$	825,466	$	1,505,193	$	1,710,009
Gross profit	237,604		274,251		493,605		537,425
Net income attributable to Wabtec shareholders	90,608		101,534		184,978		200,540
Diluted earnings per share
As Reported	$	1.00	$	1.04	$	2.02	$	2.03
Pro forma	$	1.00	$	1.04	$	2.02	$	2.06