XML 54 R41.htm IDEA: XBRL DOCUMENT
v3.20.2

ACQUISITIONS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
ACQUISITIONS |
Summary of assets acquired and liabilities assumed at estimated fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and equivalents | ​ | $ | 1,010 | ​ | $ | 3,427 | ​
Accounts receivable | ​ |  | 4,380 | ​ |  | 3,504 | ​
Inventories | ​ |  | 386 | ​ |  | — | ​
Prepaid and other | ​ |  | 1,090 | ​ |  | 2,478 | ​
Property, plant and equipment | ​ |  | 2,885 | ​ |  | 4,267 | ​
Goodwill | ​ |  | 99,644 | ​ |  | 59,143 | ​
Intangible assets | ​ |  | 79,900 | ​ |  | 52,980 | ​
Operating lease right-of-use assets | ​ | ​ | 4,744 | ​ | ​ | — | ​
Other miscellaneous assets | ​ |  | 65 | ​ |  | 430 | ​
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts payable, accrued and other liabilities | ​ |  | 5,641 | ​ |  | 5,388 | ​
Deferred income taxes | ​ |  | — | ​ |  | 2,592 | ​
Operating lease liabilities | ​ | ​ | 4,207 | ​ | ​ | — | ​
Deferred and other non-current liabilities | ​ |  | 322 | ​ |  | 1,598 | ​
Net assets acquired | ​ | $ | 183,934 | ​ | $ | 116,651 | ​
Summary of the fair value estimates of the acquired identifiable intangible assets and weighted-average useful lives as of the acquisition date | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 | ​ | 2019 | ​
​ |  | Weighted-Average |  | Estimated |  | Weighted-Average |  | Estimated |
​ | ​ | Useful Life | ​ | Fair Value | ​ | Useful Life | ​ | Fair Value |
​ | ​ | (in years) | ​ | of Asset | ​ | (in years) | ​ | of Asset |
Acquired technology |  | 4 | ​ | $ | 4,600 |  | 8 | ​ | $ | 9,160 | ​
Customer relationships |  | 13 | ​ |  | 62,300 |  | 11 | ​ |  | 39,379 | ​
Trademarks and trade names | ​ | 4 | ​ | ​ | 10,300 | ​ | 4 | ​ | ​ | 2,457 | ​
License agreements and other |  | 0.25 | ​ |  | 2,700 |  | 1 | ​ |  | 1,984 | ​
Total | ​ | ​ | ​ | $ | 79,900 | ​ | ​ | ​ | $ | 52,980 | ​
Schedule of unaudited pro forma financial information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30, | ​
​ | ​ | 2020 | ​ | 2019 |  | 2020 | ​ | 2019 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Sales | ​ | $ | 699,305 | ​ | $ | 762,148 | ​ | $ | 1,428,821 | ​ | $ | 1,525,826 | ​
Net Income Attributable to AptarGroup Inc. | ​ |  | 45,989 | ​ |  | 75,811 | ​ |  | 96,350 | ​ |  | 139,003 | ​
Net Income per common share — basic | ​ |  | 0.72 | ​ |  | 1.19 | ​ |  | 1.50 | ​ |  | 2.20 | ​
Net Income per common share — diluted | ​ |  | 0.69 | ​ |  | 1.14 | ​ |  | 1.45 | ​ |  | 2.11 | ​

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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&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 finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration