XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.5.0.2

ACQUISITIONS AND DIVESTITURES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
ACQUISITIONS AND DIVESTITURES |
Summary of AFF Transaction consideration allocation |
|  | Identifiable Assets Acquired and Liabilities Assumed |  | Consideration Transferred |
Intangibles - flavor formulas (non-amortizing)¹ |  | $ | 618,000 |  | $ | - |
Intangibles - flavor formulas (amortizing) |  | 641 |  | - |
Intangibles - customer relationships (amortizing) |  | 30,100 |  | - |
Intangibles - trademarks (amortizing) |  | 500 |  | - |
Intangibles - other (amortizing) |  | 200 |  | - |
Working capital (excluding inventory) |  | 1,861 |  | - |
Inventory |  | 27,600 |  | - |
Property and equipment, net |  | 1,175 |  | - |
Favorable leases |  | 4,480 |  | - |
Goodwill |  | 3,928 |  | - |
Cash |  | - |  | 688,485 |
Total |  | $ | 688,485 |  | $ | 688,485 |
1 Represents proprietary formulas for the Company’s principal products.
Summary of amounts in the escrow fund in excess of the applicable amounts |
Percentage Transitioned |  | Escrow Release
40% |  | Amounts in excess of $375 million
50% |  | Amounts in excess of $312.5 million
60% |  | Amounts in excess of $250 million
70% |  | Amounts in excess of $187.5 million
80% |  | Amounts in excess of $125 million
90% |  | Amounts in excess of $62.5 million
95% |  | All remaining amounts
Schedule of pro forma condensed combined financial information |
|  | Three-Months Ended June 30, 2015 |
|  |  |  |  |  | Pro Forma Adjustments |  |  |
|  | Monster Beverage Corporation as reported ¹ |  | KO Energy ² |  | Disposal of Monster Non- Energy ³ |  | Other |  | Pro Forma Combined |
Net sales |  | $ | 693,722 |  | $ | 57,422 |  | $ | (29,516) |  | $ | 3,089 |  | $ | 724,717 |
Net income |  | 229,004 |  | 41,136 |  | (100,652) |  | (11,659) |  | 157,829 |
|  | Six-Months Ended June 30, 2015 |
|  |  |  |  |  | Pro Forma Adjustments |  |  |
|  | Monster Beverage Corporation as reported ¹ |  | KO Energy ² |  | Disposal of Monster Non- Energy ³ |  | Other |  | Pro Forma Combined |
Net sales |  | $ | 1,320,512 |  | $ | 138,127 |  | $ | (60,824) |  | $ | 6,897 |  | $ | 1,404,712 |
Net income |  | 233,417 |  | 100,575 |  | (101,881) |  | (36,608) |  | 195,503 |
1 Includes net sales of $13.0 million and net income of $5.8 million related to the acquired KO Energy assets from June 12, 2015 (the date of acquisition) through June 30, 2015. 2 Includes results through June 12, 2015, the date the TCCC Transaction was finalized. The $41.1 million and $100.6 million of net income for KO Energy for the three- and six-months ended June 30, 2015, respectively, is presented before tax. The associated estimated provision for income taxes is included in the “Other” category. 3 Includes results through June 12, 2015. Net income includes the gain recognized on the sale of Monster Non-Energy of $161.5 million.
Schedule of other pro-forma adjustments |
|  | Three-Months Ended June 30, 2015 |  | Six-Months Ended June 30, 2015 |
Net sales: |  |  |  |  |
Amortization of deferred revenue |  | $ | 3,089 |  | $ | 6,897 |
Net income: |  |  |  |  |
Amortization of deferred revenue |  | $ | 3,089 |  | $ | 6,897 |
To record sales commissions |  | (6,431) |  | (15,470) |
To record amortization of definite lived KO Energy intangibles |  | (1,400) |  | (3,126) |
To eliminate TCCC Transaction expenses |  | 11,536 |  | 15,134 |
Estimated provision for income taxes on pro forma adjustments |  | (2,616) |  | (1,322) |
Estimated provision for income taxes on KO Energy income |  | (15,837) |  | (38,721) |
Total |  | $ | (11,659) |  | $ | (36,608) |

X
- Definition Represents in the information about amounts in the escrow fund in excess of the applicable amounts will be released to the Company. + References No definition available. + Details
Name: | mnst_ScheduleOfAmountInEscrowFundInExcessOfApplicableAmounts
Namespace Prefix: | mnst_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other pro forma adjustments. + References No definition available. + Details
Name: | mnst_ScheduleOfProFormaAdjustmentsTableTextBlock
Namespace Prefix: | mnst_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration