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Business Acquisitions (Tables)
9 Months Ended
Jun. 30, 2018
Business Acquisition [Line Items]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense



 

 

 

 

 



 

 

 

 

 

Year Ending September 30:

 

 

 

 

 

2018 (remaining)

 

 

 

$

20,097 

2019

 

 

 

 

58,284 

2020

 

 

 

 

42,879 

2021

 

 

 

 

39,994 

2022

 

 

 

 

38,131 

Thereafter

 

 

 

 

444,128 



 

 

 

$

643,513 



Business Acquisition, Acquiree - L'Orange [Member]  
Business Acquisition [Line Items]  
Schedule of the Purchase Price



 

 



 

 

Cash paid to Sellers

$

780,355 

Less acquired cash and restricted cash

 

(9,286)

Total purchase price

$

771,069 



Schedule of assets acquired and liabililties assumed



 

 



 

 

Accounts receivable

$

26,538 

Inventories (1)

 

72,674 

Other current assets

 

1,385 

Property, plant, and equipment

 

90,589 

Goodwill

 

269,433 

Intangible assets

 

556,023 

Total assets acquired

 

1,016,642 

Other current liabilities

 

40,362 

Deferred income tax liabilities

 

164,791 

Other noncurrent liabilities

 

40,420 

Total liabilities assumed

 

245,573 

Net assets acquired

$

771,069 

(1)

Inventories include a  $15,107 adjustment to state work in progress and finished goods inventories at their fair value as of the acquisition date.  The inventory fair value adjustment is being recognized as a non-cash increase to cost of goods sold ratably over the estimated inventory turnover period, with the entire $15,107 fair value adjustment expected to be recognized in cost of goods sold during the year ending September 30, 2018

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired



 

 

 

 

 

 

 



 

 

 

 

 

 

 



Estimated Amounts

 

Weighted-Average Useful Life

 

Amortization Method

Intangible assets with finite lives:

 

 

 

 

 

 

 

Customer relationships and contracts

$

379,423 

 

20 

years

 

Straight-line

Process technology

 

71,940 

 

21 

years

 

Straight-line

Backlog

 

40,611 

 

year

 

Accelerated

Other

 

232 

 

years

 

Straight-line

Intangible asset with indefinite life:

 

 

 

 

 

 

 

Trade name

 

63,817 

 

Indefinite

 

Not amortized

    Total

$

556,023 

 

 

 

 

 



Schedule of Finite-Lived Intangible Assets, Future Amortization Expense



 

 



 

 

Year Ending September 30:

 

 

2018 (remaining)

$

18,832 

2019

 

34,884 

2020

 

19,701 

2021

 

21,458 

2022

 

21,745 

Thereafter

 

375,586 



$

492,206 



Schedule of Unaudited Pro Forma Results



 

 

 

 

 

 

 

 

 

 

 



Three-Months Ended

 

Three-Months Ended



June 30, 2018

 

June 30, 2017



As reported

 

Pro forma

 

As reported

 

Pro forma

Net sales

$

588,117 

 

$

639,665 

 

$

548,622 

 

$

619,485 

Net earnings

 

49,117 

 

 

60,488 

 

 

53,626 

 

 

53,071 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$

0.80 

 

$

0.98 

 

$

0.87 

 

$

0.87 

Diluted earnings per share

 

0.77 

 

 

0.95 

 

 

0.85 

 

 

0.84 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Nine-Months Ended

 

Nine-Months Ended



June 30, 2018

 

June 30, 2017



As reported

 

Pro forma

 

As reported

 

Pro forma

Net sales

$

1,606,514 

 

$

1,830,515 

 

$

1,491,897 

 

$

1,684,071 

Net earnings

 

105,866 

 

 

129,191 

 

 

138,279 

 

 

108,190 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$

1.72 

 

$

2.10 

 

$

2.25 

 

$

1.76 

Diluted earnings per share

 

1.66 

 

 

2.03 

 

 

2.18 

 

 

1.70