Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.5.0.2
Acquisitions (Tables)
 12 Months Ended
Aug. 31, 2016
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed, at the date of acquisition, for these businesses (in thousands):
 
Total
Accounts receivable, net
$
20,439

Inventories
1,997

Other assets
505

Property, plant & equipment
12,315

Goodwill
45,967

Other intangible assets
13,517

Trade accounts payable
(8,938
)
Other liabilities
(1,225
)
Deferred income tax liability
(2,661
)
Cash paid, net of cash acquired
$
81,916

Proforma Results of Operations
The following unaudited pro forma operating results give effect to these three acquisitions as though the transactions and related financing activities had occurred on September 1, 2013 (in thousands, except per share amounts).
 
 
 
 
 
 
 
2016
 
2015
 
2014
Net Sales
 
 
 
 
 
 
As reported
 
$
1,149,410

 
$
1,249,254

 
$
1,399,862

Pro forma
 
1,175,304

 
1,275,965

 
1,450,014

Earnings (loss) from continuing operations
 
 
 
 
 
 
As reported
 
$
(105,174
)
 
$
19,872

 
$
141,453

Pro forma
 
(100,927
)
 
20,553

 
142,124

Basic earnings (loss) per share from continuing operations
 
 
 
 
 
 
As reported
 
$
(1.78
)
 
$
0.32

 
$
1.99

Pro forma
 
(1.71
)
 
0.34

 
2.00

Diluted earnings (loss) per share from continuing operations
 
 
 
 
 
 
As reported
 
$
(1.78
)
 
$
0.32

 
$
1.95

Pro forma
 
(1.71
)
 
0.33

 
1.96