Acquisitions Acquisition (Tables)

3 Months Ended

Jun. 02, 2018

Schedule of Recognized Identified Assets Acquired

The purchase price allocation that follows is based on these estimated fair values of assets acquired and liabilities assumed, which was finalized in the current quarter:



In thousands
Net working capital	$	1,422
Property, plant and equipment	44,641
Goodwill	90,429
Other intangible assets	71,500
Less: Long-term liabilities acquired, net	17,643
Net assets acquired	$	190,349

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Other intangible assets reflect the following:



In thousands	Estimated fair value		Estimated useful life (in years)
Customer relationships	$	34,800	16
Tradename	32,400		Indefinite
Backlog	4,300		1.5
	$	71,500

Business Acquisition, Pro Forma Information

The following table sets forth certain unaudited pro forma consolidated data for the combined company for the first quarter of fiscal 2019 and 2018, as if the EFCO acquisition had been consummated pursuant to its same terms at the beginning of the fiscal year preceding the acquisition date.



	Three Months Ended
In thousands, except per share data	June 2, 2018		June 3, 2017
Net sales	$	336,531	$	341,686
Net earnings	16,090		17,445
Earnings per share
Basic	0.57		0.62
Diluted	0.57		0.61