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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary purchase price allocated to the net assets acquired from Cianna Medical (in thousands):
Assets Acquired |
Trade receivables | $ | 6,151 |
Inventories | 5,803 |
Prepaid expenses and other current assets | 315 |
Property and equipment | 1,047 |
Other long-term assets | 14 |
Intangibles |
Developed technology | 134,510 |
Customer lists | 3,330 |
Trademarks | 7,080 |
Goodwill | 65,802 |
Total assets acquired | 224,052 |
Liabilities Assumed |
Trade payables | (1,497 | )
Accrued expenses | (2,384 | )
Other long-term liabilities | (1,527 | )
Deferred income tax liabilities | (30,363 | )
Total liabilities assumed | (35,771 | )
Total net assets acquired | $ | 188,281 |
The purchase price was preliminarily allocated as follows (in thousands):
Inventories | $ | 971 |
Intangibles |
Developed technology | 4,840 |
Customer list | 120 |
Trademarks | 400 |
Goodwill | 938 |
Total net assets acquired | $ | 7,269 |
The following table summarizes the purchase price allocated to the assets acquired from BD (in thousands):
Inventories | $ | 5,804 |
Property and equipment | 748 |
Intangibles |
Developed technology | 74,000 |
Customer list | 4,200 |
Trademarks | 4,900 |
In-process technology | 2,500 |
Goodwill | 9,728 |
Total net assets acquired | $ | 101,880 |
The purchase price was preliminarily allocated as follows (in thousands):
| Inventories | $ | 1,353 |
| Intangibles |
| Developed technology | 32,750 |
| Customer list | 840 |
| Trademarks | 1,410 |
| Goodwill | 21,847 |
| Total net assets acquired | $ | 58,200 |
Business Acquisition, Pro Forma Information | The following table summarizes our consolidated results of operations for the three-month period ended March 31, 2018, as well as unaudited pro forma consolidated results of operations as though the acquisition of Cianna Medical and Vascular Insights had occurred on January 1, 2017 (in thousands, except per common share amounts):
|  | Three Months Ended
|  | March 31, 2018
|  | As Reported |  | Pro Forma
Net sales |  | $ | 203,035 |  |  | $ | 222,440 |
Net income |  | 5,269 |  |  | (2,050 | )
Earnings per common share: |  |  |  |
Basic |  | $ | 0.10 |  |  | $ | (0.04 | )
Diluted |  | $ | 0.10 |  |  | $ | (0.04 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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