XML 27 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
SUBSEQUENT EVENTS (Tables)
12 Months Ended
Dec. 31, 2013
Subsequent Event [Line Items]  
Schedule of Purchase Price Allocation
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed during 2012 and 2013 in connection with the acquisitions described above (in thousands):

Cash
 
$     12,804
Accounts Receivable, net
 
53,314
Inventory
 
12,727
Property and equipment
 
38,421
Goodwill and intangibles
 
139,391
Other assets
 
3,793
Assets acquired
 
260,450
Current liabilities assumed
 
(49,482)
Non-current liabilities assumed
 
(22,406)
 Net assets acquired
 
$   188,562
 
Pro forma unaudited results of operations
The pro forma unaudited results of operations for the Company on a consolidated basis for the twelve months ended December 31, 2013 and 2012, assuming the acquisition of businesses completed in 2013 and 2012 were consummated as of January 1, 2012 are as follows (in thousands, except per share data):

 
Years Ended
December 31,
 
2013
 
2012
Net sales
$ 1,284,465
 
$ 1,279,870
Net income
$    61,929
 
$  55,309
Per share data
     
Basic earnings
$      4.28
 
$     3.83
Diluted earnings
$      4.05
 
$     3.62

The pro forma unaudited results of operations for the Company on a consolidated basis for the twelve months ended December 31, 2012 and 2011, assuming the acquisition of businesses completed in 2012 and 2011 were consummated as of January 1, 2011 are as follows (in thousands, except per share data):

 
Years Ended
December 31,
 
2012
 
2011
Net sales
$ 1,177,091
 
$ 1,062,540
Net income
$    54,033
 
$   41,359
Per share data
     
Basic earnings
$      3.75
 
$     2.88
Diluted earnings
$      3.55
 
$     2.72

Subsequent Event [Member]
 
Subsequent Event [Line Items]  
Schedule of Purchase Price Allocation
The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed in the acquisition of B27 (in thousands):

Cash
 
$       2,538
Accounts Receivable, net
 
51,448
Inventory
 
6,472
Property and equipment
 
14,573
Goodwill and intangibles
 
293,588
Other assets
 
948
Assets acquired
 
369,567
Current liabilities assumed
 
(52,818)
Non-current liabilities assumed
 
(23,198)
 Net assets acquired
 
$   293,551

Pro forma unaudited results of operations
The pro forma unaudited results of operations for the Company on a consolidated basis for the twelve months ended December 31, 2013 and 2012, assuming the acquisition of B27 was consummated as of January 1, 2012 are as follows (in thousands, except per share data):

 
Years Ended
December 31,
 
2013
 
2012
Net sales
$ 1,415,123
 
$ 1,239,006
Net income
$      67,759
 
$      53,453
Per share data
     
Basic earnings
$      4.67
 
$     3.70
Diluted earnings
$      4.42
 
$     3.51