Acquisitions (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Summary of preliminary fair values of net assets acquired and determination of final net assets

The following table summarizes the preliminary fair values assigned to the TAP net assets acquired and the determination of final net assets (in thousands):

Cash and cash equivalents	$	3,017
Trade receivables	18,214
Inventory	145,612
Property, plant and equipment	32,814
Customer relationships	87,000
Trademarks / trade names	175,500
Goodwill	264,324
Other assets	18,578
Deferred revenue	(7,944		)
Other liabilities assumed	(65,750		)
Total fair value of net assets acquired	671,365
Less cash acquired	(3,017		)
Total consideration for acquisition, less cash acquired	$	668,348

Unaudited pro forma information

These performance results may not be indicative of the actual results that would have occurred under the ownership and management of the Company.

	Three months ended September 30, 2016		Nine months ended September 30, 2016
Net sales	$	1,367,944	$	3,867,221
Net income	$	36,603	$	165,670
Basic earnings per share	$	0.57	$	2.56
Diluted earnings per share	$	0.56	$	2.53