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ACQUISITIONS AND DECONSOLIDATION (Tables) | 12 Months Ended
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Dec. 31, 2016
Pro forma results of operations |
Valmont SM |
Summary of fair values of the assets acquired and liabilities assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of acquisition, which was finalized in the fourth quarter of 2014.
|  | At March 3, 2014
Current assets |  | $ | 73,421 |
Property, plant and equipment |  | 85,638 |
Intangible assets |  | 30,340 |
Goodwill |  | 16,803 |
Total fair value of assets acquired |  | $ | 206,202 |
Current liabilities |  | 47,754 |
Deferred income taxes |  | 19,715 |
Intercompany note payable |  | 37,448 |
Long-term debt |  | 8,941 |
Total fair value of liabilities assumed |  | 113,858 |
Non-controlling interests |  | 9,309 |
Net assets acquired |  | $ | 83,035 |
Summary of the major classes of acquired intangible assets and the respective weighted-average amortization periods | The following table summarizes the major classes of Valmont SM's acquired intangible assets and the respective weighted average amortization periods:
|  | Amount |  | Weighted Average Amortization Period (Years)
Trade Names |  | $ | 11,470 |  |  | Indefinite
Backlog |  | 3,145 |  |  | 1.5
Customer Relationships |  | 15,725 |  |  | 12.0
Total Intangible Assets |  | $ | 30,340 |  |  |
Shakespeare |
Summary of fair values of the assets acquired and liabilities assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of the Shakespeare acquisition (goodwill is deductible for tax purposes):
|  | At October 6, 2014
Current assets |  | $ | 12,532 |
Property, plant and equipment |  | 10,694 |
Intangible assets |  | 13,500 |
Goodwill |  | 15,416 |
Total fair value of assets acquired |  | $ | 52,142 |
Current liabilities |  | 3,870 |
Net assets acquired |  | $ | 48,272 |
Summary of the major classes of acquired intangible assets and the respective weighted-average amortization periods | The following table summarizes the major classes of Shakespeare acquired intangible assets and the respective weighted-average amortization periods:
|  | Amount |  | Weighted Average Amortization Period (Years)
Trade Names |  | $ | 4,000 |  |  | Indefinite
Customer Relationships |  | 9,500 |  |  | 12.0
Total Intangible Assets |  | $ | 13,500 |  |  |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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