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ACQUISITIONS (Tables)
9 Months Ended
Sep. 30, 2016
ACQUISITIONS  
Summary of assets acquired and liabilities assumed at estimated fair value

 

 

 

 

 

 

    

February 29, 2016

 

Assets

 

 

 

 

Cash and equivalents

 

$

20,197

 

Accounts receivable

 

 

8,275

 

Inventories

 

 

8,373

 

Prepaid and other

 

 

378

 

Property, plant and equipment

 

 

47,768

 

Goodwill

 

 

105,561

 

Intangible assets

 

 

72,106

 

Other miscellaneous assets

 

 

8

 

Liabilities

 

 

 

 

Current maturities of long-term obligations

 

 

319

 

Accounts payable and accrued liabilities

 

 

7,398

 

Long-term obligations

 

 

13,402

 

Deferred income taxes

 

 

18,366

 

Net assets acquired

 

$

223,181

 

 

Summary of the fair value estimates of the acquired identifiable intangible assets and weighted-average useful lives as of the acquisition date

 

 

 

 

 

 

 

 

    

Weighted-Average

    

Estimated

 

 

 

Useful Life

 

Fair Value

 

 

 

(in years)

 

of Asset

 

Customer relationships

 

11

 

$

57,120

 

Technology

 

15

 

 

10,838

 

Trademark

 

4

 

 

4,148

 

Total

 

 

 

$

72,106

 

 

Schedule of unaudited pro forma financial information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended September 30,

    

    

Nine Months Ended September 30,

    

($ millions)

    

2016

    

2015

    

    

2016

    

2015

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

590

 

$

604

 

 

$

1,802

 

$

1,823

 

Net Income Attributable to AptarGroup Inc.

 

 

53

 

 

54

 

 

 

163

 

 

151

 

Net Income per common share — basic

 

 

0.85

 

 

0.86

 

 

 

2.59

 

 

2.42

 

Net Income per common share — diluted

 

 

0.83

 

 

0.84

 

 

 

2.51

 

 

2.34