XML 47 R24.htm IDEA: XBRL DOCUMENT v2.3.0.15
Business Combinations (Tables)
9 Months Ended
Sep. 30, 2011
Business Combination 
Purchase price allocation based on the estimated fair value of the assets and liabilities

 

 

Identifiable intangible asset

 

Method

 

Discount Rate

 

Royalty Rate

 

US tradenames

 

Relief from royalty

 

15.0

%

5.0

%

International tradenames

 

Relief from royalty

 

17.0

%

5.0

%

Customer relationships

 

Excess earnings

 

15.5

%

 

 

International distributor relationships

 

Lost profits

 

17.5

%

 

 

US non-compete agreements

 

Lost profits

 

15.5

%

 

 

International non-compete agreements

 

Lost profits

 

17.5

%

 

 

Patents

 

Relief from royalty

 

16.5

%

3.0

%

US backlog

 

Excess earnings

 

14.0

%

 

 

International backlog

 

Excess earnings

 

16.0

%

 

 

Schedule of estimates of fair value of intangible assets acquired and goodwill resulting from acquisition

 

 

 

 

 

 

Estimated

 

 

 

Estimated

 

Useful

 

 

 

Fair Value

 

Life (Years)

 

Consideration

 

 

 

 

 

Cash paid

 

$

126,615

 

 

 

Estimated working capital adjustment

 

(4,091

)

 

 

Contingent consideration arrangement

 

84,300

 

 

 

Total consideration transferred

 

$

206,824

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

 

 

Trade accounts receivable, net of allowances of $1,130

 

$

12,809

 

 

 

Inventories

 

7,545

 

 

 

Other current assets

 

367

 

 

 

Trade accounts payable

 

(5,590

)

 

 

Other liabilities

 

(507

)

 

 

Net tangible assets acquired

 

$

14,624

 

 

 

 

 

 

 

 

 

Identifiable intangible assets:

 

 

 

 

 

Tradenames

 

$

47,200

 

20

 

Customer relationships

 

21,300

 

10

 

International distributor relationships

 

800

 

2

 

Non-compete agreements

 

5,300

 

5

 

Patents

 

6,600

 

14

 

Backlog

 

1,830

 

1

 

Goodwill

 

109,170

 

Non-amortizable

 

Total purchase price

 

$

206,824

 

 

 

Schedule of pro forma information

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

414,358

 

$

288,644

 

$

815,706

 

$

609,005

 

Operating income

 

$

95,021

 

$

65,994

 

$

120,066

 

$

106,882