Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables)
 12 Months Ended
Aug. 31, 2013
Business Combinations [Abstract]  
Summary of Estimated Fair Value of Asset Acquired and Liabilities Assumed
The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the date of the Viking acquisition (in thousands):
 
 
Total
 
 
Accounts receivable, net
$
17,225

 
 
Inventories
1,582

 
 
Property, plant & equipment
99,776

 
 
Goodwill
87,734

 
 
Other intangible assets
65,360

 
 
Other assets
1,755

 
 
Trade accounts payable
(7,664
)
 
 
Deferred income taxes
(25,923
)
 
 
Other liabilities
(4,439
)
 
 
   Cash paid, net of cash acquired
$
235,406

 
Proforma Results of Operations
The following unaudited pro forma results of operations of the Company give effect to all acquisitions completed in the last three years as though the transactions and related financing activities had occurred on September 1, 2010 (in thousands, except per share amounts).
 
 
 
Year Ended August 31,
 
 
 
 
2013
 
2012
 
2011
 
 
Net sales
 
 
 
 
 
 
 
 
As reported
 
$
1,279,742

 
$
1,276,521

 
$
1,159,310

 
 
Pro forma
 
1,365,115

 
1,419,173

 
1,393,061

 
 
Earnings from continuing operations
 
 
 
 
 
 
 
 
As reported
 
$
147,577

 
$
125,276

 
$
110,188

 
 
Pro forma
 
153,946

 
134,581

 
125,785

 
 
Basic earnings per share from continuing operations
 
 
 
 
 
 
 
 
As reported
 
$
2.02

 
$
1.79

 
$
1.61

 
 
Pro forma
 
2.11

 
1.92

 
1.84

 
 
Diluted earnings per share from continuing operations
 
 
 
 
 
 
 
 
As reported
 
$
1.98

 
$
1.68

 
$
1.49

 
 
Pro forma
 
2.06

 
1.81

 
1.69