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ACQUISITIONS (Tables) | 12 Months Ended
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Jul. 31, 2016
Unaudited Pro Forma Information | The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2016 acquisition of Jayco had occurred at the beginning of fiscal 2015 and the fiscal 2015 acquisitions of both Postle and CRV/DRV had occurred at the beginning of fiscal 2014. These performance results may not be indicative of the actual results that would have occurred under the ownership and management of the Company.
|  | Fiscal Year Ended July 31, |
|  | 2016 |  |  | 2015 |
Net sales |  | $ | 6,176,686 |  |  | $ | 5,517,142 |
Net income |  | $ | 284,394 |  |  | $ | 202,118 |
Basic earnings per common share |  | $ | 5.42 |  |  | $ | 3.80 |
Diluted earnings per common share |  | $ | 5.41 |  |  | $ | 3.79 |
Postle Operating, LLC |
Summary of Final Fair Value Assigned to Assets Acquired | The following table summarizes the fair values assigned to the Postle net assets acquired, which are based on internal and independent external valuations:
Cash |  | $ | 2,963 |
Other current assets |  |  | 54,780 |
Property, plant and equipment |  |  | 32,251 |
Customer relationships |  |  | 38,800 |
Trademarks |  |  | 6,000 |
Backlog |  |  | 300 |
Goodwill |  |  | 42,871 |
Current liabilities |  |  | (23,729 | )
Capital lease obligations |  |  | (7,225 | )
Total fair value of net assets acquired |  |  | 147,011 |
Less cash acquired |  |  | (2,963 | )
Total cash consideration for acquisition, less cash acquired |  | $ | 144,048 |
K.Z. Inc. |
Summary of Final Fair Value Assigned to Assets Acquired | The following table summarizes the final fair values assigned to the KZ net assets acquired, which are based on internal and independent external valuations:
Cash |  | $ | 996 |
Other current assets |  |  | 34,121 |
Property, plant and equipment |  |  | 15,057 |
Dealer network |  |  | 13,160 |
Trademarks |  |  | 5,540 |
Non-compete agreements |  |  | 450 |
Backlog |  |  | 420 |
Goodwill |  |  | 2,703 |
Current liabilities |  |  | (16,127 | )
Total fair value of net assets acquired |  |  | 56,320 |
Less cash acquired |  |  | (996 | )
Total cash consideration for acquisition, less cash acquired |  | $ | 55,324 |
Bison |
Summary of Final Fair Value Assigned to Assets Acquired | The following table summarizes the final fair values assigned to the Bison net assets acquired, which are based on internal and independent external valuations:
Current assets |  | $ | 4,050 |
Property, plant and equipment |  |  | 625 |
Dealer network |  |  | 7,400 |
Trademarks |  |  | 1,800 |
Backlog |  |  | 140 |
Goodwill |  |  | 6,660 |
Current liabilities |  |  | (3,761 | )
Total fair value of net assets acquired |  | $ | 16,914 |
Livin' Lite |
Summary of Final Fair Value Assigned to Assets Acquired | The following table summarizes the final fair values assigned to the Livin’ Lite net assets acquired, which are based on internal and independent external valuations:
Cash |  | $ | 247 |
Other current assets |  |  | 3,626 |
Property, plant and equipment |  |  | 137 |
Dealer network |  |  | 3,200 |
Trademarks |  |  | 1,500 |
Design technology assets |  |  | 1,100 |
Non-compete agreements |  |  | 130 |
Backlog |  |  | 110 |
Goodwill |  |  | 9,113 |
Current liabilities |  |  | (2,147 | )
Total fair value of net assets acquired |  |  | 17,016 |
Less cash acquired |  |  | (247 | )
Total cash paid for acquisition, less cash acquired |  | $ | 16,769 |
Jayco, Inc. |
Summary of Final Fair Value Assigned to Assets Acquired | The following table summarizes the preliminary fair values assigned to the Jayco net assets acquired, subject to the finalization of internal and independent external valuations and the determination of final net assets:
Cash |  | $ | 18,409 |
Other current assets |  |  | 258,158 |
Property, plant and equipment |  |  | 80,824 |
Dealer network |  |  | 261,100 |
Trademarks |  |  | 92,800 |
Backlog |  |  | 12,400 |
Goodwill |  |  | 74,184 |
Current liabilities |  |  | (216,776 | )
Total fair value of net assets acquired |  |  | 581,099 |
Less cash acquired |  |  | (18,409 | )
Total cash consideration for acquisition, less cash acquired |  | $ | 562,690 |
Cruiser RV, LLC and DRV, LLC |
Summary of Final Fair Value Assigned to Assets Acquired | The following table summarizes the final fair values assigned to the CRV and DRV net assets acquired, which are based on internal and independent external valuations:
Cash |  | $ | 1,062 |
Other current assets |  |  | 22,175 |
Property, plant and equipment |  |  | 4,533 |
Dealer network |  |  | 14,300 |
Trademarks |  |  | 5,400 |
Backlog |  |  | 450 |
Goodwill |  |  | 13,172 |
Current liabilities |  |  | (12,507 | )
Total fair value of net assets acquired |  |  | 48,585 |
Less cash acquired |  |  | (1,062 | )
Total cash consideration for acquisition, less cash acquired |  | $ | 47,523 |

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