ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2018

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	29.9
Inventory	56.0
Other current assets	5.1
Total current assets	93.7
Property, plant, and equipment	9.8
Intangible assets	5.7
Goodwill	33.9
Other assets	0.2
Total assets	143.3
Accounts payable	(19.6		)
Accrued liabilities and other current liabilities	(11.4		)
Current maturities of long-term debt	(31.6		)
Total current liabilities	(62.6		)
Long-term debt	(2.0		)
Other long-term liabilities	(0.7		)
Total liabilities	(65.3		)
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

	First Quarter Ended
(in millions, except per share amounts)	March 31, 2018		March 31, 2017

Revenue:
As reported	$	295.6	$	220.3
Proforma	295.6		270.3
Net income:
As reported	$	21.2	$	15.7
Proforma	21.2		16.6
Basic earnings per share:
As reported	$	0.45	$	0.33
Proforma	0.45		0.35
Diluted earnings per share:
As reported	$	0.45	$	0.33
Proforma	0.45		0.35