Acquisitions (Tables)

9 Months Ended

Sep. 30, 2018

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 Boat Holdings net assets acquired and the determination of net assets (in thousands):

Cash and cash equivalents	$	16,534
Trade receivables	17,602
Inventory	39,990
Other current assets	3,938
Property, plant and equipment	36,769
Customer relationships	341,080
Trademarks / trade names	210,680
Non-compete agreements	2,630
Goodwill	207,126
Accounts payable	(30,017		)
Other liabilities assumed	(23,140		)
Total fair value of net assets acquired	823,192
Less cash acquired	(16,534		)
Total consideration for acquisition, less cash acquired	$	806,658

Unaudited pro forma information

The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2018 acquisition of Boat Holdings had occurred at the beginning of fiscal 2017 (in thousands, except per share data).

	Three months ended September 30,				Nine months ended September 30,
	2018		2017		2018		2017
Net sales	$	1,651,415	$	1,593,659	$	4,802,580	$	4,410,691
Net income	99,224		81,473		268,660		149,517
Basic earnings per share	$	1.60	$	1.30	$	4.27	$	2.38
Diluted earnings per common share	$	1.56	$	1.28	$	4.16	$	2.34