Business Combinations (Tables)

12 Months Ended

Sep. 30, 2014

Final Fair Values and Purchase Price Allocation at Acquisition Date of Assets Acquired and Liabilities Assumed

The following table summarizes the final fair values and purchase price allocation at the acquisition date, of the assets acquired and liabilities assumed related to the Griffith acquisition as of the Acquisition Date.


(in thousands)	As of Acquisition Date
Trade accounts receivable (a)	$	49,010
Inventories		5,143
Other current assets		2,984
Property and equipment		17,263
Customer lists, trade names and other intangibles		44,400
Other long term assets		1,778
Current liabilities		(31,096	)

Total net identifiable assets acquired	$	89,482

Total consideration	$	97,650
Less: Total net identifiable assets acquired		89,482

Goodwill	$	8,168

(a) The gross contractual receivable amount is $50.7 million, and the best estimate at the Acquisition Date of the contractual cash flows not expected to be collected is $1.7 million.

Unaudited Pro Forma Results of Operations

The following table provides unaudited pro forma results of operations as if the Griffith acquisition had occurred on October 1, 2012, the beginning of fiscal year 2013. The unaudited pro forma results were prepared using Griffith’s current and prior year financial information, reflecting certain adjustments related to the acquisition, such as the elimination of directly attributable acquisition expenses and changes to depreciation and amortization expenses. These pro forma adjustments do not include any potential synergies related to combining the businesses. Accordingly, such pro forma operating results were prepared for comparative purposes only and do not purport to be indicative of what would have occurred had the acquisition been made as of October 1, 2012 or of results that may occur in the future.


	September 30,
(in thousands)	2014		2013
Total sales	$	2,132,430	$	2,040,271
Net income	$	40,903	$	31,557