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Business Acquisition (Tables)
3 Months Ended
Dec. 31, 2018
Business Acquisition [Line Items]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense



 

 

 

 

 



 

 

 

 

 

Year Ending September 30:

 

 

 

 

 

2019 (remaining)

 

 

 

$

38,893 

2020

 

 

 

 

40,660 

2021

 

 

 

 

41,760 

2022

 

 

 

 

39,554 

2023

 

 

 

 

38,496 

Thereafter

 

 

 

 

407,521 



 

 

 

$

606,884 



Business Acquisition, Acquiree - L'Orange [Member]  
Business Acquisition [Line Items]  
Schedule of the Purchase Price



 

 

Cash paid to Sellers

$

780,401 

Less acquired cash and restricted cash

 

(9,286)

Total purchase price

$

771,115 



Schedule of Assets Acquired and Liabililties Assumed



 

 



 

 

Accounts receivable

$

26,538 

Inventories (1)

 

72,392 

Other current assets

 

1,385 

Property, plant, and equipment

 

89,772 

Goodwill

 

257,447 

Intangible assets

 

573,427 

Total assets acquired

 

1,020,961 

Other current liabilities

 

41,997 

Deferred income tax liabilities

 

166,927 

Other noncurrent liabilities

 

40,922 

Total liabilities assumed

 

249,846 

Net assets acquired

$

771,115 

(1)

Inventories include a  $16,324 adjustment to state work in progress and finished goods inventories at their fair value as of the acquisition date.  The entire inventory fair value adjustment was recognized as a noncash increase to cost of goods sold ratably over the estimated inventory turnover period during the year ending September 30, 2018

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired



 

 

 

 

 

 

 



 

 

 

 

 

 

 



Estimated Amounts

 

Weighted-Average Useful Life

 

Amortization Method

Intangible assets with finite lives:

 

 

 

 

 

 

 

Customer relationships and contracts

$

388,705 

 

22 

years

 

Straight-line

Process technology

 

74,260 

 

22 

years

 

Straight-line

Backlog

 

42,932 

 

year

 

Accelerated

Other

 

232 

 

years

 

Straight-line

Intangible asset with indefinite life:

 

 

 

 

 

 

 

Trade name

 

67,298 

 

Indefinite

 

Not amortized

    Total

$

573,427 

 

 

 

 

 



Schedule of Finite-Lived Intangible Assets, Future Amortization Expense



 

 

Year Ending September 30:

 

 

2019 (remaining)

$

21,543 

2020

 

19,627 

2021

 

22,586 

2022

 

22,535 

2023

 

22,535 

Thereafter

 

356,994 



$

465,820 



Schedule of Unaudited Pro Forma Results





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three-Months Ended

 

Three-Months Ended



December 31, 2018

 

December 31, 2017



As reported

 

Pro forma

 

As reported

 

Pro forma

Net sales

$

652,811 

 

$

652,811 

 

$

470,148 

 

$

565,993 

Net earnings

 

49,120 

 

 

53,739 

 

 

18,260 

 

 

20,999 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$

0.79 

 

$

0.87 

 

$

0.30 

 

$

0.34 

Diluted earnings per share

 

0.77 

 

 

0.84 

 

 

0.29 

 

 

0.33