ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary purchase price assigned to the major identifiable assets and liabilities for the Headwater acquisitions on an aggregated basis is as follows:



(In millions)
Cash	$	2.7
Receivables	32.6
Inventory	56.0
Other current assets	4.9
Total current assets	96.2
Property, plant, and equipment	9.8
Intangible assets	5.7
Goodwill	34.0
Other assets	0.2
Total assets	145.9
Accounts payable	(22.8		)
Accrued liabilities and other current liabilities	(10.8		)
Current maturities of long-term debt	(31.6		)
Total current liabilities	(65.2		)
Long-term debt	(2.0		)
Other long-term liabilities	(0.7		)
Total liabilities	(67.9		)
Total	78.0
Less: Fair value of original equity interest	(20.6		)
Total purchase price	$	57.4

Business Acquisition, Pro Forma Information



FRANKLIN ELECTRIC CO., INC.
PROFORMA CONDENSED CONSOLIDATED STATEMENTS OF INCOME

	Third Quarter Ended				Nine Months Ended
(in millions, except per share amounts)	September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016

Revenue:
As reported	$	311.1	$	239.8	$	836.7	$	710.3
Proforma	311.1		294.8		896.6		865.8
Net income:
As reported	$	24.5	$	23.7	$	70.1	$	61.1
Proforma	24.5		26.4		71.3		67.0
Basic earnings per share:
As reported	$	0.52	$	0.51	$	1.50	$	1.29
Proforma	0.52		0.56		1.52		1.42
Diluted earnings per share:
As reported	$	0.52	$	0.50	$	1.48	$	1.28
Proforma	0.52		0.56		1.51		1.40