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ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2018
ACQUISITIONS  
Summary of assets acquired and liabilities assumed at estimated fair value

 

 

 

 

 

 

 

 

 

    

Mega Airless

    

CSP Technologies

 

 

    

February 29, 2016

    

August 27, 2018

 

Assets

 

 

 

 

 

 

 

Cash and equivalents

 

$

20,197

 

$

24,053

 

Accounts receivable

 

 

8,275

 

 

20,847

 

Inventories

 

 

8,373

 

 

42,169

 

Prepaid and other

 

 

378

 

 

3,995

 

Property, plant and equipment

 

 

47,768

 

 

99,194

 

Goodwill

 

 

105,561

 

 

278,020

 

Intangible assets

 

 

72,106

 

 

177,120

 

Other miscellaneous assets

 

 

 8

 

 

1,039

 

Liabilities

 

 

 

 

 

 

 

Current maturities of long-term obligations

 

 

319

 

 

129

 

Accounts payable and accrued liabilities

 

 

7,398

 

 

31,989

 

Long-term obligations

 

 

13,402

 

 

6,037

 

Deferred income taxes

 

 

18,366

 

 

38,442

 

Retirement and deferred compensation plans

 

 

 —

 

 

1,038

 

Deferred and other non-current liabilities

 

 

 —

 

 

15,344

 

Net assets acquired

 

$

223,181

 

$

553,458

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mega Airless

 

CSP Technologies

 

 

    

Weighted-Average

    

Estimated

    

Weighted-Average

    

Estimated

 

 

 

Useful Life

 

Fair Value

 

Useful Life

 

Fair Value

 

 

 

(in years)

 

of Asset

 

(in years)

 

of Asset

 

Acquired technology

 

15

 

$

10,838

 

12

 

$

46,700

 

Customer relationships

 

11

 

 

57,120

 

16

 

 

113,300

 

Trademarks and trade names

 

4

 

 

4,148

 

9

 

 

14,600

 

License agreements and other

 

 

 

 

 

 

11

 

 

2,520

 

Total

 

 

 

$

72,106

 

 

 

$

177,120

 

 

Schedule of unaudited pro forma financial information

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

    

2018

    

2017

    

2016

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

2,857,765

 

$

2,605,095

 

$

2,340,000

 

Net Income Attributable to AptarGroup Inc.

 

 

208,717

 

 

230,753

 

 

213,000

 

Net Income per common share — basic

 

 

3.34

 

 

3.70

 

 

3.39

 

Net Income per common share — diluted

 

 

3.21

 

 

3.57

 

 

3.29