Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

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 millions):


Cash and cash equivalents	$	16.5
Trade receivables	17.5
Inventory	39.9
Other current assets	4.5
Property, plant and equipment	35.3
Customer relationships	341.1
Trademarks / trade names	210.7
Non-compete agreements	2.6
Goodwill	222.4
Accounts payable	(30.0)
Other liabilities assumed	(37.3)
Total fair value of net assets acquired	823.2
Less cash acquired	(16.5)
Total consideration for acquisition, less cash acquired	$	806.7

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 millions, except per share data):


	For the Years Ended December 31,
	2020		2019		2018
Net sales	$	7,027.9	$	6,782.5	$	6,429.7
Net income attributable to Polaris Inc.	124.8		328.8		360.7

Basic earnings per share	$	2.02	$	5.35	$	5.77
Diluted earnings per common share	$	1.99	$	5.28	$	5.64