3. Acquisitions

The following table details the acquisitions made during the nine months ended September 30, 2013.



2013 Acquisitions
Date	Type	Company / Product Line Acquired	Location (Near)	Segment
May 2	Stock	Ebsray Pumps	Brookvale, Australia	Engineered Systems
Manufacturer of rotary pumps in vane, regenerative turbine, and internal gear technologies.

May 7	Asset	The Curotto-Can, Inc.	Sonoma, California	Engineered Systems
Manufacturer of automated front loaders for use in the waste collection industry.

May 21	Asset	Klaus Enterprise, Ltd.	Alberta, Canada	Energy
Manufacturer of valves and gas compressor components that specializes in replacing parts designed to optimize the efficiency and reliability of reciprocating compressors.

May 30	Asset	Source Technologies	Charlotte, North Carolina	Printing & Identification
Manufacturer of printing devices and software, specializing in thermal stationary barcode printers.

July 1	Asset	RSI Systems	Frederick, Maryland	Printing & Identification
Manufacturer of thermal ink jet applications ranging from packaging line coding and marking to high-speed product identification, authentication, and tracking systems for serialization.

September 19	Stock	SPIRIT Global Energy Solutions	Midland, Texas	Energy
Manufacturer of artificial lift tools and technology for oil and gas producers.

The Company acquired these businesses in six separate transactions for net cash consideration of $118,990. 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	$	30,191
Property, plant and equipment	8,555
Goodwill	48,879
Intangible assets	53,442
Other non-current assets	1,082
Current liabilities	(11,532		)
Non-current liabilities	(11,627		)
Net assets acquired	$	118,990

The amounts assigned to goodwill and major intangible asset classifications for the 2013 acquisitions are as follows:



	Amount allocated		Useful life (in years)
Goodwill - Tax deductible	$	18,135	na
Goodwill - Non deductible	30,744		na
Customer intangibles	41,555		11
Trademarks	2,896		11
Patents	7,760		11
Other intangibles	1,231		2
	$	102,321

The businesses were acquired to complement and expand upon existing operations within the Fluid Solutions and Refrigeration & Industrial platforms of the Engineered Systems segment, as well as the Energy and Printing & Identification segments. The goodwill identified by these acquisitions reflects the benefits expected to be derived from product line expansion and operational synergies. Upon consummation of the acquisitions, each of these entities is now wholly-owned by Dover.

The Company has substantially completed the purchase price allocations for the 2013 acquisitions. However, if additional information is obtained about these assets and liabilities within the measurement period (not to exceed one year from the date of acquisition), including through asset appraisals and learning more about the newly acquired businesses, the Company will refine its estimates of fair value to allocate the purchase price more accurately; however, any such revisions are not expected to be significant.

The Unaudited Condensed Consolidated Statements of Comprehensive Earnings include the results of these businesses from the dates of acquisition. The aggregate revenue of the 2013 acquisitions included in the Company’s consolidated revenue totaled $15,461 and $23,123 for the three and nine months ended September 30, 2013, respectively.

Pro Forma Information

The following unaudited pro forma information illustrates the effect on the Company’s revenue and earnings from continuing operations for the three and nine months ended September 30, 2013 and 2012, assuming that the 2013 and 2012 acquisitions had taken place at the beginning of the prior year. As a result, the supplemental pro forma earnings for the three and nine months ended September 30, 2013 reflect adjustments to earnings from continuing operations as reported in the Unaudited Condensed Consolidated Statements of Comprehensive Earnings to exclude $1,194 and $1,902 for nonrecurring expense related to the fair value adjustments to acquisition-date inventory (after-tax) and $349 and $1,159 of acquisition-related costs (after tax) and to reflect such items in 2012. The 2013 and 2012 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 2013 and 2012 acquisitions.



	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Revenue from continuing operations:
As reported	$	2,252,349	$	2,097,605	$	6,520,685	$	6,090,508
Pro forma	2,257,473		2,208,107		6,556,075		6,485,833
Earnings from continuing operations:
As reported	$	263,652	$	233,330	$	754,993	$	624,895
Pro forma	266,169		242,135		762,069		654,576
Basic earnings per share from continuing operations:
As reported	$	1.55	$	1.28	$	4.40	$	3.41
Pro forma	1.56		1.33		4.44		3.58
Diluted earnings per share from continuing operations:
As reported	$	1.53	$	1.27	$	4.34	$	3.37
Pro forma	1.54		1.32		4.38		3.53