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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Purchase Price Allocations For Acquisitions
The purchase price allocations for the acquisitions completed during 2015 and 2014 are as follows (in thousands):
 
 
Year Ended
 
Year Ended
 
December 31, 2015
 
December 31, 2014
 
All Acquisitions
 
Keystone
Specialty
 
Other Acquisitions
 
Total
Receivables
$
29,628

 
$
48,473

 
$
75,330

 
$
123,803

Receivable reserves
(3,926
)
 
(7,748
)
 
(7,383
)
 
(15,131
)
Inventory
79,646

 
150,696

 
123,815

 
274,511

Income taxes receivable

 
14,096

 

 
14,096

Prepaid expenses and other current assets
3,337

 
8,085

 
4,050

 
12,135

Property and equipment
11,989

 
38,080

 
27,026

 
65,106

Goodwill
92,175

 
237,729

 
177,974

 
415,703

Other intangibles
9,926

 
78,110

 
51,135

 
129,245

Other assets
5,166

 
6,159

 
2,793

 
8,952

Deferred income taxes
4,102

 
(26,591
)
 
313

 
(26,278
)
Current liabilities assumed
(39,191
)
 
(63,513
)
 
(52,961
)
 
(116,474
)
Debt assumed
(2,365
)
 

 
(32,441
)
 
(32,441
)
Other noncurrent liabilities assumed
(2,651
)
 
(11,675
)
 
(10,573
)
 
(22,248
)
Contingent consideration liabilities

 

 
(5,854
)
 
(5,854
)
Other purchase price obligations
(21,199
)
 
(13,351
)
 
(333
)
 
(13,684
)
Notes issued
(4,296
)
 
(31,500
)
 
(13,535
)
 
(45,035
)
Settlement of pre-existing balances
(1,073
)
 

 
(5,052
)
 
(5,052
)
Cash used in acquisitions, net of cash acquired
$
161,268

 
$
427,050

 
$
334,304

 
$
761,354

Pro Forma Effect Of Businesses Acquired
The following pro forma summary presents the effect of the businesses acquired during the year ended December 31, 2015 as though the businesses had been acquired as of January 1, 2014, the businesses acquired during the year ended December 31, 2014 as though they had been acquired as of January 1, 2013 and the businesses acquired during the year ended December 31, 2013 as though they had been acquired as of January 1, 2012. The pro forma adjustments are based upon unaudited financial information of the acquired entities (in thousands, except per share data):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Revenue, as reported
$
7,192,633

 
$
6,740,064

 
$
5,062,528

Revenue of purchased businesses for the period prior to acquisition:
 
 
 
 
 
Keystone Specialty

 
3,443

 
696,960

Sator

 

 
126,309

Other acquisitions
213,630

 
676,965

 
695,596

Pro forma revenue
$
7,406,263

 
$
7,420,472

 
$
6,581,393

 
 
 
 
 
 
Net income, as reported
$
423,223

 
$
381,519

 
$
311,623

Net income of purchased businesses for the period prior to acquisition, and pro forma purchase accounting adjustments:
 
 
 
 
 
Keystone Specialty

 
637

 
40,460

Sator

 

 
5,712

Other acquisitions
6,005

 
20,550

 
19,367

Pro forma net income
$
429,228

 
$
402,706

 
$
377,162

 
 
 
 
 
 
Earnings per share-basic, as reported
$
1.39

 
$
1.26

 
$
1.04

Effect of purchased businesses for the period prior to acquisition:
 
 
 
 
 
Keystone Specialty

 
0.00

 
0.14

Sator

 

 
0.02

Other acquisitions
0.02

 
0.07

 
0.06

Pro forma earnings per share-basic (1) 
$
1.41

 
$
1.33

 
$
1.26

 
 
 
 
 
 
Earnings per share-diluted, as reported
$
1.38

 
$
1.25

 
$
1.02

Effect of purchased businesses for the period prior to acquisition:
 
 
 
 
 
Keystone Specialty

 
0.00

 
0.13

Sator

 

 
0.02

Other acquisitions
0.02

 
0.07

 
0.06

Pro forma earnings per share-diluted (1) 
$
1.40

 
$
1.31

 
$
1.24


(1) The sum of the individual earnings per share amounts may not equal the total due to rounding.