Acquisition (Tables)

9 Months Ended

Apr. 30, 2017

The following unaudited pro forma information represents Thor’s results of operations for the periods presented as if the fiscal 2016 acquisition of Jayco had occurred at the beginning of fiscal 2015. These performance results may not be indicative of the actual results that would have occurred under the ownership and management of Thor.


	Three Months Ended April 30, 2016		Nine Months Ended April 30, 2016
Net sales	$	1,756,991	$	4,553,747
Net income	$	89,847	$	195,337
Basic earnings per common share	$	1.71	$	3.72
Diluted earnings per common share	$	1.71	$	3.72

Jayco, Corp.

Summary of Preliminary Fair Value Assigned to Assets Acquired

The following table summarizes the preliminary fair values assigned to the Jayco net assets acquired, which are based on internal and independent external valuations, and subject to the finalization of certain current liabilities:


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