Acquisitions

3 Months Ended

Mar. 31, 2013

Acquisitions

9. Acquisitions

On October 1, 2012, the Company acquired all of the issued and outstanding capital stock of Avid Health, Inc. (“Avid Health”) for $652.3 million, which is subject to adjustment based on the closing working capital of Avid Health and its subsidiaries. The preliminary fair values of the net assets acquired in 2012 for Avid Health, including the current measurement period adjustments to fair value, are as follows:

(In millions)	Acquisition Date Preliminary Fair Value			Measurement Period Adjustments			Adjusted Acquisition Date Preliminary Fair Value
Inventory	$	38.5		$	0.3		$	38.8
Accounts receivables, net		29.6			0.0			29.6
Other current assets		1.9			0.0			1.9
Property, plant and equipment		33.4			(1.8	)		31.6
Tradenames and other intangibles		376.9			(14.7	)		362.2
Goodwill		345.4			10.0			355.3
Total Assets	$	825.7		$	(6.2	)	$	819.4
Other current liabilities		(19.3	)		0.0			(19.3	)
Deferred income taxes		(154.1	)		6.2			(147.8	)
Purchase Price	$	652.3		$	0.0		$	652.3

The Company anticipates the purchase price allocation to be completed by September 30, 2013 due to the final determination of the opening balance sheet working capital adjustment. These amounts were not retrospectively adjusted as of December 31, 2012 as the amounts were deemed immaterial. Unaudited pro forma results for the three months ended March 31, 2012 reflecting the Avid Health acquisition are presented below.

	Three Months Ended
Unaudited consolidated pro forma results	March 31, 2012
(In millions, except per share data)	Reported		Pro forma
Net Sales	$	690.6	$	750.5
Net Income	$	95.8	$	102.1
Net Income per share - Basic	$	0.67	$	0.72
Net Income per share - Diluted	$	0.66	$	0.70