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ACQUISITIONS (Tables)
9 Months Ended
Sep. 30, 2012
ACQUISITIONS  
Summary of assets acquired and liabilities assumed as of the acquisition date at estimated fair value

 

 

 

July 3, 2012

 

Assets

 

 

 

Cash and equivalents

 

$

68,335

 

Accounts receivable

 

23,540

 

Inventories

 

16,826

 

Prepaid and other

 

3,256

 

Property, plant and equipment

 

42,073

 

Goodwill

 

109,749

 

Intangible assets

 

47,134

 

Other miscellaneous assets

 

5,236

 

 

 

 

 

Liabilities

 

 

 

Current maturities of long-term obligations

 

675

 

Accounts payable and accrued liabilities

 

25,900

 

Long-term obligations

 

885

 

Deferred income taxes

 

22,439

 

Retirement and deferred compensation plans

 

10,076

 

Net assets acquired

 

$

256,174

 

Summary of the fair value estimates of the acquired identifiable intangible assets, weighted-average useful lives, and balance of accumulated amortization

 

 

 

Weighted-Average

 

Estimated

 

 

 

Useful Life

 

Fair Value

 

 

 

(in years)

 

of Asset

 

 

 

 

 

 

 

Customer relationships

 

15

 

$

7,438

 

Technology

 

15

 

37,191

 

Trademark

 

4

 

2,505

 

Total

 

 

 

$

47,134

 

Schedule of unaudited pro forma financial information

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

(Dollars in thousands except per share data)

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

589,598

 

$

625,954

 

$

1,823,660

 

$

1,881,421

 

Net Income Attributable to AptarGroup, Inc.

 

44,628

 

51,492

 

138,839

 

145,118

 

Net Income per common share - basic

 

0.67

 

0.78

 

2.09

 

2.17

 

Net Income per common share - diluted

 

0.65

 

0.75

 

2.02

 

2.08