The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2016 acquisition of Jayco had occurred at the beginning of fiscal 2015 and 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.


	Fiscal Year Ended July 31,
	2016		2015
Net sales	$	6,176,686	$	5,517,142
Net income	$	284,394	$	202,118
Basic earnings per common share	$	5.42	$	3.80
Diluted earnings per common share	$	5.41	$	3.79

Summary of Final Fair Value Assigned to Assets Acquired

The following table summarizes the 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

Summary of Final Fair Value Assigned to Assets Acquired

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


Cash	$	996
Other current assets		34,121
Property, plant and equipment		15,057
Dealer network		13,160
Trademarks		5,540
Non-compete agreements		450
Backlog		420
Goodwill		2,703
Current liabilities		(16,127	)

Total fair value of net assets acquired		56,320
Less cash acquired		(996	)

Total cash consideration for acquisition, less cash acquired	$	55,324

Summary of Final Fair Value Assigned to Assets Acquired

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


Current assets	$	4,050
Property, plant and equipment		625
Dealer network		7,400
Trademarks		1,800
Backlog		140
Goodwill		6,660
Current liabilities		(3,761	)

Total fair value of net assets acquired	$	16,914

Summary of Final Fair Value Assigned to Assets Acquired

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


Cash	$	247
Other current assets		3,626
Property, plant and equipment		137
Dealer network		3,200
Trademarks		1,500
Design technology assets		1,100
Non-compete agreements		130
Backlog		110
Goodwill		9,113
Current liabilities		(2,147	)

Total fair value of net assets acquired		17,016
Less cash acquired		(247	)

Total cash paid for acquisition, less cash acquired	$	16,769

Summary of Final Fair Value Assigned to Assets Acquired

The following table summarizes the preliminary fair values assigned to the Jayco net assets acquired, subject to the finalization of internal and independent external valuations and the determination of final net assets:


Cash	$	18,409
Other current assets		258,158
Property, plant and equipment		80,824
Dealer network		261,100
Trademarks		92,800
Backlog		12,400
Goodwill		74,184
Current liabilities		(216,776	)

Total fair value of net assets acquired		581,099
Less cash acquired		(18,409	)

Total cash consideration for acquisition, less cash acquired	$	562,690

Summary of Final 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