XML 38 R30.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Business Combination (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2014
Preliminary Fair Values and Purchase Price Allocation at Acquisition Date of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary 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. Given the proximity of this acquisition to the end of the quarter, the allocation of the purchase price is preliminary.
(in thousands) |  | As of Acquisition Date |
Trade accounts receivable (a) |  | $ | 46,557 |
Inventories |  |  | 5,143 |
Other current assets |  |  | 5,459 |
Property and equipment |  |  | 17,555 |
Customer lists, trade names and other intangibles |  |  | 49,157 |
Other long term assets |  |  | 1,778 |
Current liabilities |  |  | (30,089 | )
Total net identifiable assets acquired |  | $ | 95,560 |
Total consideration |  | $ | 98,698 |
Less: Total net identifiable assets acquired |  |  | 95,560 |
Goodwill |  | $ | 3,138 |
(a) | The gross contractual receivable amount is $48.2 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.
|  | Three Months Ended |  |  | Six Months Ended |
|  | March 31, |  |  | March 31, |
(in thousands) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Total sales |  | $ | 979,389 |  |  | $ | 889,228 |  |  | $ | 1,583,557 |  |  | $ | 1,488,846 |
Net income |  | $ | 55,247 |  |  | $ | 45,651 |  |  | $ | 76,068 |  |  | $ | 56,701 |

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=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
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=6910749&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration