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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2013
Fair Values Of Assets Acquired Including Current Measurement Period Adjustments to Fair Value

The final 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
Fair Value
 

Inventory

   $ 38.5      $ 0.3      $ 38.8   

Accounts receivables, net

     29.6        (0.3     29.3   

Other current assets

     1.9        0.0        1.9   

Property, plant and equipment

     33.4        (1.8     31.6   

Long-term assets

     0.0        1.4        1.4   

Tradenames and other intangibles

     376.9        (14.7     362.2   

Goodwill

     345.4        8.4        353.8   
  

 

 

   

 

 

   

 

 

 

Total Assets

   $ 825.7      $ (6.7   $ 819.0   

Other current liabilities

     (19.3     (0.2     (19.5

Deferred income taxes

     (154.1     7.4        (146.7
  

 

 

   

 

 

   

 

 

 

Purchase Price

   $ 652.3      $ 0.5      $ 652.8   
  

 

 

   

 

 

   

 

 

 
Unaudited Proforma Results Reflecting Avid Health Acquisition

Pro forma results for the three and nine months ended September 30, 2012 reflecting the Avid Health acquisition are presented below.

 

     Three Months Ended      Nine Months Ended  

Consolidated pro forma results

   September 30, 2012      September 30, 2012  
(In millions, except per share data)    Reported      Pro forma      Reported      Pro forma  

Net Sales

   $ 725.2       $ 788.7       $ 2,112.2       $ 2,296.3   

Net Income

   $ 93.9       $ 99.4       $ 269.0       $ 286.8   

Net Income per share - Basic

   $ 0.67       $ 0.71       $ 1.92       $ 2.04   

Net Income per share - Diluted

   $ 0.66       $ 0.70       $ 1.88       $ 2.00