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Business Combinations (Tables)

12 Months Ended

Dec. 31, 2013

Acquisition Related Costs Recognized in Consolidated Statements of Operations

The Company recognized acquisition-related costs, which are included in restructuring, restatement related costs, post emergences fees and other in the consolidated statements of operations, as follows (in thousands):

		Year Ended				Year Ended				Cumulative Costs
		December 31, 2013				December 31, 2012				December 31, 2013
Acquisition-related charges		$	1,164			$	685			$	1,849

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The total purchase price allocation was as follows (in thousands):

		Estimated Purchase Price Allocation
Accounts receivable		$	10,327
Inventory			14,144
Property and equipment			2,426
Intangible assets			37,817
Other assets			1,782
Goodwill			26,578
Total assets acquired			93,074
Accounts payable			4,768
Accrued expenses			6,217
Deferred tax liabilities			384
Other liabilities assumed			932
Total liabilities assumed			12,301
Total net assets acquired		$	80,773

Fair Value of Intangible Assets

The fair value of intangible assets is comprised of the following (in thousands):

		Estimated Fair Value				Weighted  Average Amortization Period
Customer relationships		$	22,294				20 years
Developed technology			6,689				10 years
Trademarks and tradenames			7,565				20 years
Backlog			1,269				1 year
Total		$	37,817

Unaudited Pro forma Information

The following unaudited pro forma information presents the combined financial results for the Company and NDS as if the acquisition of NDS had been completed as of January 1, 2012 (in thousands, except per share information):

		Year Ended December 31,
		2013				2012
Sales		$	342,478			$	357,247
Income from continuing operations, net of tax		$	9,121			$	24,370
Earnings per share from continuing operations—Basic		$	0.27			$	0.72
Earnings per share from continuing operations—Diluted		$	0.26			$	0.72

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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

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

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- Definition

Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination.

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-Publisher FASB

-Name Accounting Standards Codification

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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-Publisher FASB

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+ References

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