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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2012
Business Combinations [Abstract]  
Allocation of acquisition cost
The following presents the allocation of acquisition cost to the assets acquired and liabilities assumed, based on their estimated fair values:
Current assets, net of cash acquired
$
100,689

Property, plant and equipment
52,392

Goodwill
263,405

Intangible assets
248,798

Other non-current assets
5,904

Total liabilities
(171,308
)
Net assets acquired
$
499,880

Pro forma results of operations
The following unaudited pro forma information illustrates the effect on the Company’s revenue and net earnings for the three and six months ended June 30, 2012 and 2011, assuming that the 2012 acquisitions had taken place at the beginning of 2011. As a result, the supplemental pro forma net earnings reflect adjustments to the net earnings as reported in the Unaudited Condensed Consolidated Statements of Comprehensive Earnings for the three and six months ended June 30, 2012 to exclude $1,460 and $3,285, respectively, of acquisition-related costs (after-tax) and $5,826 and $6,642, respectively, of nonrecurring expense related to the fair value adjustments to acquisition-date inventory (after-tax).  The supplemental pro forma earnings for the comparable 2011 periods were adjusted to include these charges as if they were incurred at the beginning of 2011. The 2012 and 2011 supplemental pro forma earnings are also adjusted to reflect the comparable impact of additional depreciation and amortization expense (net of tax) resulting from the fair value measurement of tangible and intangible assets relating to 2012 and 2011 acquisitions.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Revenue from continuing operations:
 
 
 
 
 
 
 
As reported
$
2,156,508

 
$
1,994,970

 
$
4,219,872

 
$
3,807,048

Pro forma
2,162,905

 
2,151,189

 
4,286,092

 
4,119,193

Earnings from continuing operations:
 
 
 
 
 
 
 
As reported
$
212,902

 
$
239,198

 
$
409,729

 
$
413,989

Pro forma
220,623

 
239,168

 
424,693

 
406,865

Basic earnings per share from continuing operations:
 
 
 
 
 
 
 
As reported
$
1.16

 
$
1.28

 
$
2.23

 
$
2.22

Pro forma
1.20

 
1.28

 
2.31

 
2.18

Diluted earnings per share from continuing operations:
 
 
 
 
As reported
$
1.15

 
$
1.26

 
$
2.20

 
$
2.18

Pro forma
1.19

 
1.26

 
2.28

 
2.14