Acquisitions (Tables)

9 Months Ended

Apr. 30, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the final fair values of the EHG assets acquired and liabilities assumed, which are based on internal and third-party valuations, as of the acquisition date.


Cash	$	97,887
Inventory	593,053
Other assets	435,747
Property, plant and equipment - rental vehicles	80,132
Property, plant and equipment	437,216
Amortizable intangible assets:
Dealer network	355,601
Trademarks	126,181
Technology assets	183,536
Backlog	11,471
Goodwill	1,009,754
Guarantee liabilities related to former EHG North American subsidiaries	(115,668)
Other current liabilities	(851,774)
Debt – Unsecured notes	(114,710)
Debt – Other	(166,196)
Deferred income tax liabilities	(152,186)
Other long-term liabilities	(17,205)
Non-controlling interests	(12,207)
Total fair value of net assets acquired	1,900,632
Less: cash acquired	(97,887)
Total fair value of net assets acquired, less cash acquired	$	1,802,745

The table below summarizes the estimated fair value of the Togo Group assets acquired and liabilities assumed as of the 2020 Agreement effective date. The provisional estimates of deferred income taxes, intangible assets and goodwill are subject to adjustment as the Company has not finalized its valuation of deferred income taxes and intangible assets. The Company expects to finalize these values as soon as practical and no later than one year from the 2020 Agreement effective date.


Cash	$	326
Accounts receivable	466
Other assets	749
Property, plant and equipment	362
Amortizable intangible assets
Trade names and trademarks	1,130
Developed technology	5,700
Other	1,350
Goodwill	62,366
Liabilities	(2,358)
Non-controlling interest	(16,835)
Total fair value of net assets acquired	$	53,256

Business Acquisition, Pro Forma Information

The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2019 acquisition of EHG had occurred at the beginning of fiscal 2018. These performance results may not be indicative of the actual results that would have occurred under the ownership and management of the Company.


	Three Months Ended		Nine Months Ended
	April 30, 2019		April 30, 2019
Net sales	$	2,506,583	$	6,766,664
Net income	$	42,579	$	61,418
Basic income per common share	$	0.77	$	1.15
Diluted income per common share	$	0.77	$	1.14