Business Combinations Business Combinations (Tables)

6 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the consideration transferred, assets acquired, and liabilities assumed in connection with the acquisition of FCX based on their preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase accounting will be finalized within one year from the acquisition date.



Cash	$	11,141
Accounts receivable	80,836
Inventories	44,669
Other current assets	1,657
Property	8,282
Identifiable intangible assets	305,420
Goodwill	440,143
Other assets	775
Total assets acquired	$	892,923
Accounts payable and accrued liabilities	54,012
Other liabilities	2,677
Deferred tax liabilities	54,453
Net assets acquired	$	781,781

Purchase price	$	784,281
Reconciliation of fair value transferred:
Working Capital Adjustments	(2,500		)
Total Consideration	$	781,781

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Net sales, operating income and net income from the FCX acquisition included in the Company’s three and six months ended December 31, 2018 are as follows:



	Three Months Ended December 31, 2018		Six Months Ended December 31, 2018
Net sales	$	138,254	$	284,740
Operating income	10,906		22,458
Net income	8,463		17,683

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma consolidated results of operations have been prepared as if the FCX acquisition (including the related acquisition costs) had occurred at the beginning of fiscal 2018:



	Three Months Ended December 31,		Six Months Ended December 31,
Pro forma	2017		2017
Net sales	$	789,407	$	1,565,890
Operating income	46,640		102,045
Net income	26,287		58,127
Diluted net income per share	$	0.67	$	1.48