Acquisitions (Tables) - Hydro Flask

3 Months Ended

May 31, 2016

Acquisitions

Schedule of net assets recorded upon acquisition

HYDRO FLASK - NET ASSETS RECORDED UPON ACQUISITION AT MARCH 18, 2016

(in thousands)

Assets:
Receivables	$	7,955
Inventory		6,243
Prepaid expenses and other current assets		336
Property and equipment		1,108
Goodwill		116,053
Trade names - indefinite		59,000
Technology assets - definite		10,300
Customer relationships - definite		14,200
Subtotal - assets		215,195
Liabilities:
Accounts payable		2,275
Accrued expenses		3,662
Subtotal - liabilities		5,937
Net assets recorded	$	209,258

Schedule of impact of acquisition on consolidated condensed statements of income

HYDRO FLASK - IMPACT ON CONSOLIDATED CONDENSED STATEMENT OF INCOME

March 18, 2016 (Acquisition Date) through May 31, 2016

(in thousands, except earnings per share data)

		Quarter Ended
		May 31, 2016
		(2.5 Months)
Sales revenue, net	$	14,369
Net income		2,618
Earnings per share:
Basic	$	0.09
Diluted	$	0.09

Schedule of supplemental pro forma impact on consolidated condensed statements of income

HYDRO FLASK

PRO FORMA IMPACT ON CONSOLIDATED CONDENSED STATEMENTS OF INCOME

As if the Acquisition had been completed at the beginning of March 1, 2015

(in thousands, except earnings per share data)

	Three Months Ended May 31,
	2016		2015
Sales revenue, net	$	351,433	$	353,893
Net income		19,663		21,265
Earnings per share:
Basic	$	0.71	$	0.75
Diluted	$	0.70	$	0.73