Acquisitions (Tables)

9 Months Ended

Dec. 31, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the date of acquisition (in thousands):



Cash	$	1,889
Accounts receivable	11,787
Inventory	31,651
Other assets	1,289
Total current assets	46,616
Property, plant and equipment	14,975
Intangible assets	22,282
Goodwill	6,154
Other	211
Total assets acquired	90,238
Current liabilities	16,782
Long-term debt	17
Other long-term liabilities	4,523
Total liabilities assumed	21,322
Net assets acquired	$	68,916

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisitions in fiscal 2017 (in thousands):



Accounts receivable	$	2,762
Inventory	32,206
Other assets	553
Total current assets	35,521
Property, plant and equipment	9,473
Intangible assets	4,900
Other	1,122
Total assets acquired	51,016
Current liabilities	5,328
Deferred tax liability	9,322
Long-term debt	516
Other long-term liabilities	724
Total liabilities assumed	15,890
Net assets acquired	$	35,126

Pro Forma Information

The following table summarizes the revenue and earnings of the Company had the date of these acquisitions been April 1, 2016 (in thousands):



	Three Months Ended December 31,				Nine Months Ended December 31,
	2017		2016		2017		2016
Supplemental pro forma revenue	$	140,086	$	149,830	$	332,044	$	359,792
Supplemental pro forma earnings (1)	$	11,639	$	11,367	$	13,099	$	17,841
Supplemental pro forma earnings per basic share (1)	$	1.28	$	1.25	$	1.44	$	1.97
Supplemental pro forma earnings per diluted share (1)	$	1.27	$	1.25	$	1.43	$	1.96

(1) Earnings and earnings per share in the above pro forma table exclude bargain purchase gains and recognition of inventory step-up through cost of sales as the inventory turns.