Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

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

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



Cash and cash equivalents	$	3,017
Trade receivables	18,214
Inventory	145,094
Property, plant and equipment	33,402
Customer relationships	87,000
Trademarks / trade names	175,500
Goodwill	266,126
Other assets	17,687
Deferred revenue	(7,944		)
Other liabilities assumed	(66,731		)
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

The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2016 acquisition of TAP had occurred at the beginning of fiscal 2015 (in thousands, except per share data). These performance results may not be indicative of the actual results that would have occurred under the ownership and management of the Company.



	For the Year Ended December 31, 2016
Net sales	$	5,161,688
Net income	240,400
Basic earnings per share	$	3.74
Diluted earnings per common share	$	3.69