Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v2.4.1.9
Acquisition (Tables)
3 Months Ended
May 02, 2015
Acquisition  
Summary of fair values of the identifiable assets acquired and liabilities assumed

 

The following table summarizes the preliminary estimates of the fair values of the identifiable assets acquired and liabilities assumed in the Jos. A. Bank acquisition as of June 18, 2014 and measurement period adjustments since the date of acquisition (amounts in millions):

 

 

 

 

 

 

 

Adjusted

 

 

 

Preliminary

 

Measurement

 

preliminary

 

 

 

valuation at

 

period

 

valuation at

 

 

 

August 2, 2014

 

adjustments

 

May 2, 2015

 

Cash

 

$

328.9

 

$

 

$

328.9

 

Accounts receivable (mainly credit card receivables)

 

7.1

 

1.2

 

8.3

 

Inventories

 

379.3

 

(50.5

)

328.8

 

Other current assets

 

29.3

 

27.1

 

56.4

 

Property and equipment

 

174.8

 

(9.5

)

165.3

 

Goodwill

 

744.7

 

23.9

 

768.6

 

Intangible assets

 

621.2

 

1.0

 

622.2

 

Accounts payable, accrued expenses and other current liabilities

 

(177.0

)

21.6

 

(155.4

)

Other liabilities (mainly deferred income taxes)

 

(288.0

)

(14.8

)

(302.8

)

 

 

 

 

 

 

 

 

Total purchase price

 

1,820.3

 

 

1,820.3

 

 

 

 

 

 

 

 

 

Less: Cash acquired

 

(328.9

)

 

 

(328.9

)

 

 

 

 

 

 

 

 

Total purchase price, net of cash acquired

 

$

1,491.4

 

 

 

$

1,491.4

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of unaudited pro forma consolidated financial information

 

The following table presents unaudited pro forma consolidated financial information as if the closing of our acquisition of Jos. A. Bank had occurred on February 3, 2013 (in thousands, except per share data):

 

 

 

For the Three

 

 

 

Months Ended

 

 

 

May 3, 2014

 

Total net sales

 

$

847,896 

 

 

 

 

 

 

Net earnings attributable to common shareholders

 

$

20,197 

 

 

 

 

 

 

Net earnings per common share attributable to common shareholders:

 

 

 

Basic

 

$

0.42 

 

 

 

 

 

 

Diluted

 

$

0.42