v3.19.3
ACQUISITIONS (Tables)
9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Schedule of assets acquired and liabilities assumed
The following table summarizes the fair values of the assets acquired and the liabilities assumed as of the date of the acquisition for the 2019 and 2018 acquisitions:
(thousands)
Trade receivables
Inventories
Property, plant and equipment
Prepaid expenses & other
Intangible assets
Goodwill
Less: Total liabilities
Less: Deferred tax liability, net
Total net assets acquired
 
 
 
 
 
 
 
 
 
 
2019 (1)
$
2,245

$
5,296

$
1,650

$
133

$
8,329

$
7,177

$
1,135

$

$
23,695

 
 
 
 
 
 
 
 
 
 
2018









MMC (2)
$
1,463

$
2,324

$
2,085

$

$
8,540

$
7,668

$
827

$

$
21,253

AMC
3,942

5,623

2,321

39

6,550

1,755

2,463


17,767

IMP (3)
1,943

4,286

1,463

13

12,920

8,803

2,930


26,498

Collins
2,830

9,903

1,188

5

18,430

10,237

2,586


40,007

Dehco
4,771

16,923

13,755

208

13,950

6,580

3,392


52,795

Dowco
4,053

4,498

8,566

1,240

28,435

13,732

4,178


56,346

MAC
3,054

6,815

7,003

284

26,190

25,669

4,226

7,767

57,022

EMC (4)
623

1,678

1,684


17,350

7,483

987


27,831

LaSalle
9,002

39,344

8,500

6,547

5,885

10,441

28,601

41

51,077

Other
473
329

280

13

1,667

919

195


3,486

2018 Totals
$
32,154

$
91,723

$
46,845

$
8,349

$
139,917

$
93,287

$
50,385

$
7,808

$
354,082


(1) Total net assets acquired for the 2019 acquisitions reflect the preliminary estimated liability of $2.6 million pertaining to the fair value of contingent consideration based on future performance relating to the acquisition of G.G. Schmitt.
(2) Total net assets acquired for MMC reflect the preliminary estimated liability of $1.4 million pertaining to the fair value of the contingent consideration based on future performance.
(3) Total net assets acquired for IMP reflect the preliminary estimated liability of $7.9 million pertaining to the fair value of the contingent consideration based on future performance.
(4) Total net assets acquired for EMC reflect the preliminary estimated liability of $2.5 million pertaining to the fair value of the contingent consideration based on future performance.
Schedule of pro forma information
 

Third Quarter Ended
 
Nine Months Ended
(thousands except per share data)

September 29, 2019
 
September 30, 2018
 
September 29, 2019
 
September 30, 2018
Revenue

$
571,734

 
$
660,873

 
$
1,806,933

 
$
2,049,540

Net income

21,346

 
30,377

 
70,067

 
103,502

Basic net income per common share

0.93

 
1.27

 
3.04

 
4.26

Diluted net income per common share

0.92

 
1.25

 
3.01

 
4.20