XML 56 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACQUISITION (Tables)
 6 Months Ended
Sep. 29, 2012
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation
The following table summarizes the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed:

Asset class
 
 
Amount
Inventories
 
$
52,421

Property, plant and equipment
 
 
70,709

Intangible assets
 
 
206,750

Other assets
 
 
184

Liabilities
 
 
(1,986
)
Goodwill
 
 
207,066

 
 
 
 
Fair value of net assets acquired
 
$
535,144
Business Acquisition, Pro Forma Information
The following represents the pro forma consolidated statement of income as if the whole blood business had been included in our consolidated results as if the acquisition occurred on April 3, 2011:

 
Six Months Ended
(in thousands)
 
September 29, 2012
 
 
 
October 1, 2011
 
Net sales
$
466,586

 
 
$
457,914

 
Net income
27,410
 
 
 
26,946
 
 
Basic earnings per share
$
1.07
 
 
 
$
1.05
 
 
Diluted earnings per share
$
1.05
 
 
 
$
1.04
 
 

The unaudited consolidated pro-forma financial information above includes the following significant adjustments made to account for certain costs which would have been incurred if the acquisition had been completed on April 3, 2011 as adjusted for the applicable tax impact. As our acquisition of whole blood was completed on August 1, 2012, the pro-forma adjustments for the six months ended September 29, 2012 in the table below only include the required adjustments through August 1, 2012.

(in thousands)
September 29,
2012
 
October 1,
2011
Transaction costs (1)
$
2,786

 
 
$
—

 
Amortization of inventory fair value adjustment (2)
8,300
 
 
 
(11,067
)
 
Amortization of acquired intangible assets (3)
(6,892
)
 
 
(10,338
)
 
Interest expense incurred on acquisition financing (4)
(3,173
)
 
 
(4,760
)
 
Selling, general and admin expenses (5)
(3,513
)
 
 
(5,270
)