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56
Notes to Consolidated Financial Statements
Jarden Corporation 2006 Annual Report
Pro forma financial information
The aggregate value of the tuck-in acquisitions did not have a material effect on the Company’s results of operations for
the years ended December 31,2006,2005 or 2004 and are therefore not included in the unaudited pro forma financial
information presented herein.
The following unaudited pro forma financial information includes the actual reported results of the Company, as well as
giving pro forma effect to the THG Acquisition, the AHI Acquisition and the USPC Acquisition as if they had been consum-
mated as of the beginning of the earliest periods presented:
(Unaudited pro forma)
Years Ended
December 31,
(in millions, except per share data) 2005 2004
Net sales $3,521.5$3,413.7
Net income 45.797.7
Net (loss) income allocable to common stockholders
(after deducting preferred stock dividends and beneficial conversion charges) (1.8)66.0
Diluted (loss) earnings per share $ (0.03)$ 1.29
The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed at the respective
effective dates of acquisition for the year ended December 31,2005:
(in millions) 2005(a)
Current assets $ 993.3
Property, plant and equipment 226.9
Other non-current assets 90.2
Total assets acquired 1,310.4
Current liabilities 514.3
Non-current liabilities 349.2
Total liabilities assumed 863.5
Net assets acquired 446.9
Purchase price (including transaction expenses and assumed debt) 1,520.7
Purchase price paid in excess of fair value of tangible assets $1,073.8
(a) Includes the acquisition of the AHI and Holmes businesses on January 24,2005 and July 18,2005,respectively.
The goodwill and other intangibles amounts recorded in connection with the Company’s acquisitions are discussed in
detail in Note 6.
4.INVENTORIES
Inventories are stated at the lower-of-cost-or-market with cost being determined principally by the first-in, first-out
method (“FIFO”), and are comprised of the following at December 31,2006 and 2005:
(in millions) 2006 2005
Raw materials and supplies $141.8$108.4
Work-in-process 30.5 24.9
Finished goods 486.9 433.0
Total inventories $659.2$566.3