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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2016
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS |
17. | SUBSEQUENT EVENTS:
On June 23, 2016 the Company announced that it had entered into an agreement to acquire Adesis, Inc. (Adesis). Adesis was a privately held contract research organization (CRO) with 43 employees specializing in organic and organometallic synthetic research, development, and commercialization. Adesis is a technology vendor to companies in the pharmaceutical, fine chemical, biomaterials, and catalyst industries, and has worked with the Company over the last few years to help advance and accelerate a number of the Company’s product offerings. The transaction closed on July 11, 2016. Under the terms of the agreement, the Company’s subsidiary, UDC, Inc. acquired all outstanding shares of Adesis in a merger for approximately $33.0 million in cash. The acquisition was funded through use of existing cash and investments.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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