XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Acquisition (Tables) | 6 Months Ended
--- | ---
Sep. 01, 2018
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired | The purchase price allocation that follows is based on the estimated fair values of assets acquired and liabilities assumed, which was finalized in the first quarter of fiscal 2019:
In thousands |
Net working capital | $ | 1,422 |
Property, plant and equipment | 44,641 |
Goodwill | 90,429 |
Other intangible assets | 71,500 |
Less: Long-term liabilities acquired, net | 17,643 |
Net assets acquired | $ | 190,349 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | Other intangible assets reflect the following:
In thousands |  | Estimated fair value |  | Estimated useful life (in years)
Customer relationships |  | $ | 34,800 |  |  | 16
Tradename |  | 32,400 |  |  | Indefinite
Backlog |  | 4,300 |  |  | 1.5
|  | $ | 71,500 |  |  |
Business Acquisition, Pro Forma Information | The following table sets forth certain unaudited pro forma consolidated data for the second quarter and six-month periods of fiscal 2019 and 2018, as if the EFCO acquisition had been consummated pursuant to its same terms at the beginning of the fiscal year preceding the acquisition date.
|  | Three Months Ended |  | Six Months Ended
In thousands, except per share data |  | September 1, 2018 |  | September 2, 2017 |  | September 1, 2018 |  | September 2, 2017
Net sales |  | $ | 362,133 |  |  | $ | 351,988 |  |  | $ | 698,664 |  |  | $ | 696,039 |
Net earnings |  | 21,069 |  |  | 20,312 |  |  | 36,639 |  |  | 37,528 |
Earnings per share |  |  |  |  |  |  |  |
Basic |  | 0.75 |  |  | 0.70 |  |  | 1.30 |  |  | 1.30 |
Diluted |  | 0.74 |  |  | 0.70 |  |  | 1.29 |  |  | 1.30 |

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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(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://www.xbrl.org/2003/role/presentationRef -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