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Business Combination (Tables)

3 Months Ended

Jun. 30, 2018

Business Combinations [Abstract]

Schedule of Purchase Price Allocation on Assets and Liabilities

The preliminary estimated purchase price was allocated as follows:

(Dollars in thousands)		Allocation
Cash		$	9,722
Trade accounts receivable			13,876
Inventory			19,028
Property, plant and equipment			44,642
Deferred tax assets, net			9,733
Other assets			6,349
Accounts payable and accrued liabilities			(36,319	)
Intangibles			43,300
Goodwill			174,834
Total preliminary estimated purchase price allocation		$	285,165

Summary of Company's Results of Operations from Business Acquired

Included in the Company’s results of operations for the three months ended June 30, 2018, are results from the business acquired as follows:

(Dollars in thousands)		Three Months Ended June 30, 2018
Net sales		$	22,061

Summary of Results of Operation As Reported and Proforma Basis

A summary of the results of operations for the Company, on an as reported and on a pro forma basis, are as follows:

		Three Months Ended June 30, 2018								Three Months Ended July 1, 2017
(Dollars in thousands, except per share amounts)		Reported				Pro forma				Reported				Pro forma
Net sales		$	322,261			$	368,065			$	244,103			$	303,565
Net (loss) income			(853	)			14,256				5,263				6,189

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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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
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