Acquisitions (Tables) - Hydro Flask

9 Months Ended

Nov. 30, 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 STATEMENTS OF INCOME

March 18, 2016 (Acquisition Date) through November 30, 2016

(in thousands, except earnings per share data)

	November 30, 2016
	Three Months		Nine Months
	Ended		Ended
Sales revenue, net	$	34,349	$	77,777
Net income		10,684		22,428
Earnings per share:
Basic	$	0.39	$	0.81
Diluted	$	0.38	$	0.80

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 November 30,
	2016		2015
Sales revenue, net	$	444,414	$	464,158
Net income		57,612		51,259
Earnings per share:
Basic	$	2.10	$	1.82
Diluted	$	2.07	$	1.79
	Nine Months Ended November 30,
	2016		2015
Sales revenue, net	$	1,164,017	$	1,201,647
Net income		105,630		101,139
Earnings per share:
Basic	$	3.81	$	3.57
Diluted	$	3.76	$	3.50