Annual report pursuant to Section 13 and 15(d)

ACQUISITION (Tables)

v3.8.0.1
ACQUISITION (Tables)
 12 Months Ended
Feb. 03, 2018
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table summarizes the final allocation of the fair values of the identifiable assets acquired and liabilities assumed as of the Acquisition Date. Within the measurement period, which closed during the second quarter of 2016, the Company made certain purchase accounting adjustments due to continued refinement of management's original appraisals and estimates. None of these measurement period adjustments had a material impact on the purchase price allocation.
 
 
(in millions)
Cash
 
$
305.3

Short-term investments
 
4.0

Accounts receivable
 
71.1

Inventory
 
1,765.5

Taxes receivable
 
32.9

Other current assets
 
100.1

Property, plant and equipment
 
1,893.3

Assets available for sale
 
10.1

Goodwill
 
4,859.9

Intangible assets, net
 
3,570.4

Other assets
 
78.1

Long-term debt, including current portion
 
(497.0
)
Accounts payable
 
(635.2
)
Other current liabilities
 
(563.4
)
Deferred tax liabilities, net
 
(1,618.4
)
Other liabilities
 
(253.6
)
Total purchase price
 
$
9,123.1

Less: Cash acquired
 
(305.3
)
Total purchase price, net of cash acquired
 
8,817.8

Acquisition cost paid in common stock
 
(2,272.4
)
Acquisition cost paid in equity compensation
 
(17.7
)
Acquisition cost paid in cash, net of cash acquired
 
$
6,527.7

Business Acquisition, Pro Forma Information
The following unaudited consolidated pro forma summary has been prepared by adjusting the Company's historical data to give effect to the Acquisition as if it had occurred on February 2, 2014:
 
 
Pro Forma - Unaudited
 
 
Year Ended
(in millions, except per share data)
 
January 30, 2016
Net sales
 
$
19,782.3

Net income
 
$
565.7

Basic net income per share
 
$
2.41

Diluted net income per share
 
$
2.40