Business Acquisitions (Tables)

12 Months Ended

Dec. 29, 2012

Preliminary Allocation of Purchase Price

The preliminary allocation of the purchase price through December 29, 2012 was:

Cash	$	23,609
Accounts receivable		146,937
Inventories		203,443
Deferred income taxes		13,621
Other current assets		13,235
Property, plant and equipment		77,074
Goodwill		419,611
Intangible assets		820,555
Other		11,210
Total assets acquired		1,729,295
Accounts payable		97,400
Other accrued liabilities		39,976
Deferred income taxes		294,681
Accrued pension liabilities		37,742
Other liabilities		10,007
Total liabilities assumed		479,806
Net assets acquired	$	1,249,489

Addition to Goodwill within Reportable Segments

This resulted in the following addition to goodwill within the Company’s reportable segments:

	Goodwill from the acquisition of PLG
Branded wholesale, footwear, apparel and licensing	$	373,632
Consumer-direct	$	45,979
Total	$	419,611

Intangible Assets Acquired in Acquisition

Intangible assets acquired in the acquisition were preliminarily valued as follows:

	Intangible Asset		Useful life
Trade names and trademarks	$	661,765		Indefinite
Customer lists		110,470		3-20 years
Licensing agreements		28,120		4-5 years
Developed product technology		14,547		3-5 years
Backlog		5,100		6 months
Net favorable leases		553		10 years
Total intangible assets acquired	$	820,555

Revenue and Net Loss Attributable to PLG

The amount of fiscal 2012 revenue and net loss, which includes interest expense associated with the New Credit Agreement and senior notes, amortization of acquired intangibles and incremental operating costs, attributable to PLG included in the consolidated statements of operations consists of the following:

	2012
Revenue	$	219,400
Net loss	$	(2,400	)

Business Acquisition, Supplemental Pro Forma Financial Information

The following supplemental pro forma financial information presents net sales and net earnings for the Company as if the PLG business acquisition had occurred at the beginning of fiscal 2011. This pro forma information is not necessarily indicative of the results that would have actually been obtained if the acquisition had occurred at the beginning of the periods presented or that may be attained in the future.

	2012		2011
Revenue	$	2,548,200	$	2,428,300
Net earnings attributable to Wolverine World Wide, Inc.	$	128,600	$	80,390