Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

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



Cash and cash equivalents	$	16,534
Trade receivables	17,528
Inventory	39,948
Other current assets	4,451
Property, plant and equipment	35,299
Customer relationships	341,080
Trademarks / trade names	210,680
Non-compete agreements	2,630
Goodwill	222,372
Accounts payable	(30,064		)
Other liabilities assumed	(37,266		)
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 2018 (in thousands, except per share data).



	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
Sales	$	1,771,647	$	1,651,415	$	5,046,652	$	4,802,580
Net income	89,478		99,224		228,004		268,660

Basic earnings per share	$	1.46	$	1.60	$	3.71	$	4.27
Diluted earnings per common share	$	1.44	$	1.56	$	3.67	$	4.16