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ACQUISITIONS (Tables) - CSP Technologies Member
9 Months Ended
Sep. 30, 2018
Acquisitions  
Summary of assets acquired and liabilities assumed at estimated fair value

 

 

 

 

 

 

    

August 27, 2018

 

Assets

 

 

 

 

Cash and equivalents

 

$

24,053

 

Accounts receivable

 

 

21,250

 

Inventories

 

 

45,500

 

Prepaid and other

 

 

2,925

 

Property, plant and equipment

 

 

101,579

 

Goodwill

 

 

261,216

 

Intangible assets

 

 

198,200

 

Other miscellaneous assets

 

 

980

 

Liabilities

 

 

 

 

Current maturities of long-term obligations

 

 

129

 

Accounts payable and accrued liabilities

 

 

30,871

 

Long-term obligations

 

 

6,037

 

Deferred income taxes

 

 

47,504

 

Retirement and deferred compensation plans

 

 

212

 

Deferred and other non-current liabilities

 

 

17,492

 

Net assets acquired

 

$

553,458

 

 

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

 

Acquired technology

 

12

 

$

46,700

 

Customer relationships

 

16

 

 

132,300

 

Trademarks and trade names

 

9

 

 

14,600

 

License agreements and other

 

9

 

 

4,600

 

Total

 

 

 

$

198,200

 

 

Schedule of unaudited pro forma financial information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

687,201

 

$

659,741

 

$

2,172,737

 

$

1,943,297

 

Net Income Attributable to AptarGroup Inc.

 

 

48,034

 

 

57,829

 

 

158,527

 

 

168,028

 

Net Income per common share — basic

 

 

0.77

 

 

0.92

 

 

2.54

 

 

2.69

 

Net Income per common share — diluted

 

 

0.74

 

 

0.89

 

 

2.45

 

 

2.60