Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions

 v2.3.0.11
Business Acquisitions
9 Months Ended
Jun. 30, 2011
Business Acquisitions  
Business Acquisitions

3.               Business Acquisitions

 

K-Tron Acquisition

 

The financial information in the table below summarizes the combined results of operations for the Company, including K-Tron, for the nine months ended June 30, 2010, on a pro forma basis, as though the companies were combined as of the beginning of the period presented.  The pro forma financial information is presented for informational purposes only and may not be indicative of the results of operations if the acquisition had actually taken place at the beginning of the period presented and should not be considered representative of future consolidated results of operations. The pro forma financial information for the nine months ended June 30, 2010, includes adjustments for additional interest expense (assuming we would have been able to borrow $375.0 on October 1, 2009) and additional depreciation and amortization expense (associated with fair value adjustments to property and intangible assets), and excludes business acquisition costs and the non-recurring effects of fair value adjustments to inventory and backlog, all net of estimated income tax.  See Note 17 for further information regarding K-Tron’s financial contribution to consolidated financial results. We completed the final purchase price allocation as of April 1, 2011, which reduced goodwill and adjusted net deferred taxes and other liabilities by $4.8.

 

 

 

Nine Months Ended
June 30, 2010

 

Pro forma net revenue

 

$

618.9

 

Pro forma net income

 

88.5

 

Pro forma diluted earnings per share

 

1.43