Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

v3.8.0.1
ACQUISITIONS (Tables)
12 Months Ended
Dec. 30, 2017
Business Combinations [Abstract]  
Assets and Liabilities Acquired
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
(In thousands)
 
October 2, 2017
 
Cash and equivalents
 
$
60,172

 
Accounts receivable
 
146,403

 
Inventories
 
251,778

 
Other current assets
 
8,447

 
Property, plant and equipment
 
105,119

 
Intangible assets
 
397,755

 
Other assets
 
9,665

 
Total assets acquired
 
979,339

 
 
 
 
 
Short-term borrowings
 
17,565

 
Accounts payable
 
88,052

 
Other current liabilities
 
117,621

 
Deferred income tax liabilities
 
15,160

 
Other non-current liabilities
 
33,066

 
Total liabilities assumed
 
271,464

 
 
 
 
 
Net assets acquired
 
707,875

 
Goodwill
 
92,837

 
Purchase Price
 
$
800,712

 
Pro Forma Results
The following unaudited pro forma summary presents consolidated information of VF as if the acquisition of Williamson-Dickie had occurred on January 3, 2016:
(In thousands)
 
Pro forma year ended December 2017 (unaudited)
 
 
Pro forma year ended December 2016 (unaudited)
Total revenues
 
$
12,475,116

 
 
$
11,888,704

Income from continuing operations
 
763,563

 
 
1,097,572

Earnings per common share from continuing operations
 
 
 
 
 
Basic
 
$
1.91

 
 
$
2.64

Diluted
 
1.89

 
 
2.60