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Acquisition (Tables)
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Fair Values of Assets Acquired

The fair values of the net assets acquired are set forth as follows:  

 

 

 

2014

 

 

 

 

 

 

 

Acquisition

 

 

 

 

 

Lil’ Drug Store

 

Fair Value

 

 

 

 

 

Inventory and other working capital

 

$

3.2

 

 

 

 

 

Property, plant and equipment

 

 

0.7

 

 

 

 

 

Trade Names and other intangibles

 

 

109.0

 

 

 

 

 

Goodwill

 

 

102.8

 

 

 

 

 

Purchase Price

 

$

215.7

 

 

 

 

 

 

The final fair values of the net assets acquired in 2012 for Avid Health, including the 2013 adjustments to fair value are below.  The 2013 measurement period adjustments were not retrospectively adjusted as of December 31, 2012 as the amounts were not material.

 

 

2012

 

 

 

Acquisition

 

 

 

Date Final

 

Avid Health

 

Fair Value

 

Inventory

 

$

38.8

 

Accounts receivables, net

 

 

29.3

 

Other current assets

 

 

1.9

 

Property, plant and equipment

 

 

31.6

 

Long-term assets

 

 

1.4

 

Trade Names and other intangibles

 

 

362.2

 

Goodwill

 

 

353.8

 

Total Assets

 

$

819.0

 

Other current liabilities

 

 

(19.5

)

Deferred income taxes

 

 

(146.7

)

Purchase Price

 

$

652.8

 

 

Unaudited Proforma Results Reflecting Avid Health Acquisition

Unaudited pro forma results for 2012 reflecting the Avid Health acquisition are presented below.

 

 

 

Twelve Months Ended

 

Unaudited consolidated pro forma results

 

December 31, 2012

 

 

 

Reported

 

 

Pro forma

 

Net Sales

 

$

2,921.9

 

 

$

3,106.0

 

Net Income

 

$

349.8

 

 

$

374.9

 

Net Income per share - Basic

 

$

2.50

 

 

$

2.68

 

Net Income per share - Diluted

 

$

2.45

 

 

$

2.63