Acquisitions (Tables)

9 Months Ended

Apr. 30, 2016

The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2015 acquisitions of both Postle and CRV/DRV had occurred at the beginning of fiscal 2014. 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 April 30, 2015		Nine Months Ended April 30, 2015
Net sales	$	1,223,333	$	3,137,484
Net income	$	64,491	$	139,511
Basic earnings per common share	$	1.21	$	2.61
Diluted earnings per common share	$	1.21	$	2.61

Postle Operating, LLC

Summary of Fair Value Assigned to Assets Acquired

The following table summarizes the final fair values assigned to the Postle net assets acquired, which are based on internal and independent external valuations:


Cash	$	2,963
Other current assets		54,780
Property, plant and equipment		32,251
Customer relationships		38,800
Trademarks		6,000
Backlog		300
Goodwill		42,871
Current liabilities		(23,729	)
Capital lease obligations		(7,225	)

Total fair value of net assets acquired		147,011
Less cash acquired		(2,963	)

Total cash consideration for acquisition, less cash acquired	$	144,048

Cruiser RV, LLC and DRV, LLC

Summary of Fair Value Assigned to Assets Acquired

The following table summarizes the final fair values assigned to the CRV and DRV net assets acquired, which are based on internal and independent external valuations:


Cash	$	1,062
Other current assets		22,175
Property, plant and equipment		4,533
Dealer network		14,300
Trademarks		5,400
Backlog		450
Goodwill		13,172
Current liabilities		(12,507	)

Total fair value of net assets acquired		48,585
Less cash acquired		(1,062	)

Total cash consideration for acquisition, less cash acquired	$	47,523