XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Business Combinations (Tables) | 3 Months Ended
--- | ---
Jan. 31, 2020
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the purchase price to the fair values assigned to the CMW assets acquired and liabilities assumed. These fair values are based on internal company and independent external third-party valuations:
(Dollars in thousands) |  | April 1, 2019
Cash and cash equivalents |  | $ | 16,341 |
Receivables |  | 65,674 |
Inventories |  | 241,429 |
Prepaid expenses and other current assets |  | 9,218 |
Property, plant and equipment |  | 142,779 |
Goodwill |  | 135,521 |
Other intangible assets |  | 264,190 |
Other long-term assets |  | 7,971 |
Accounts payable |  | (36,655 | )
Accrued liabilities |  | (52,258 | )
Deferred income tax liabilities |  | (86,231 | )
Other long-term liabilities |  | (6,665 | )
Total fair value of net assets acquired |  | 701,314 |
Less: cash and cash equivalents acquired |  | (16,341 | )
Total purchase price |  | $ | 684,973 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The fair values of the other intangible assets acquired on the closing date, related accumulated amortization from the closing date through January 31, 2020, and weighted-average useful lives were as follows:
(Dollars in thousands) |  | Weighted-Average Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Customer-related |  | 18.3 |  | $ | 130,800 |  |  | $ | (7,193 | ) |  | $ | 123,607 |
Developed technology |  | 7.8 |  | 20,900 |  |  | (2,885 | ) |  | 18,015 |
Trade names |  | 20.0 |  | 5,200 |  |  | (216 | ) |  | 4,984 |
Backlog |  | 0.5 |  | 3,590 |  |  | (3,590 | ) |  | — |
Total definite-lived |  | 16.6 |  | 160,490 |  |  | (13,884 | ) |  | 146,606 |
Indefinite-lived - trade names |  |  |  | 103,700 |  |  | — |  |  | 103,700 |
Total other intangible assets, net |  |  |  | $ | 264,190 |  |  | $ | (13,884 | ) |  | $ | 250,306 |
Business Acquisition, Pro Forma Information | The following table presents unaudited pro forma financial information related to the company's acquisition of CMW:
|  | Three Months Ended
(Dollars in thousands, except per share data) |  | January 31, 2020 |  | February 1, 2019
Net sales |  | $ | 767,483 |  |  | $ | 777,537 |
Net earnings |  | 70,561 |  |  | 56,515 |
Basic net earnings per share of common stock |  | 0.66 |  |  | 0.53 |
Diluted net earnings per share of common stock |  | $ | 0.65 |  |  | $ | 0.52 |

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 and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
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=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration