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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2015
Skyetek, Lincoln Laser and Applimotion |
Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation | The purchase price for Skyetek, Lincoln Laser and Applimotion was allocated as follows (in thousands):
| Amount |
Cash | $ | 331 |
Accounts receivable |  | 3,166 |
Inventory |  | 3,544 |
Prepaid expenses and other current assets |  | 148 |
Property and equipment |  | 3,220 |
Intangible assets |  | 11,370 |
Goodwill |  | 12,710 |
Other assets |  | 10 |
Total assets acquired |  | 34,499 |
Accounts payable |  | 1,681 |
Other liabilities |  | 1,197 |
Deferred tax liabilities |  | 2,308 |
Total liabilities assumed |  | 5,186 |
Total assets acquired, net of liabilities assumed |  | 29,313 |
Less: cash acquired |  | 331 |
Plus: working capital adjustments |  | 464 |
Total purchase price, net of cash acquired |  | 29,446 |
Less: contingent consideration |  | 3,459 |
Net cash used for acquisition of businesses | $ | 25,987 |
Fair Value of Intangible Assets | The fair value of intangible assets for Skyetek, Lincoln Laser and Applimotion is comprised of the following (dollar amounts in thousands):
|  |  |  |  | Weighted Average
| Estimated Fair |  |  | Amortization
| Value |  |  | Period
Customer relationships | $ | 4,266 |  |  | 12 years
Developed technology |  | 4,993 |  |  | 10 years
Trademarks and trade names |  | 593 |  |  | 9 years
Non-compete covenant |  | 684 |  |  | 4 years
Backlog |  | 834 |  |  | 1 year
Total | $ | 11,370 |  |  |
JADAK Acquisition |
Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation | The final purchase price allocation is as follows (in thousands):
| Amount |
Cash | $ | 1,140 |
Accounts receivable |  | 7,907 |
Inventory |  | 6,865 |
Property and equipment |  | 904 |
Intangible assets |  | 40,250 |
Goodwill |  | 44,584 |
Other assets |  | 2,064 |
Total assets acquired |  | 103,714 |
Accounts payable |  | 3,057 |
Other liabilities |  | 2,380 |
Deferred tax liabilities |  | 3,481 |
Total liabilities assumed |  | 8,918 |
Total assets acquired and liabilities assumed |  | 94,796 |
Less: cash acquired |  | 1,140 |
Total purchase price, net of cash acquired | $ | 93,656 |
Fair Value of Intangible Assets | The fair value of JADAK intangible assets is comprised of the following (in thousands):
|  |  |  |  | Weighted Average
| Estimated Fair |  |  | Amortization
| Value |  |  | Period
Customer relationships | $ | 23,570 |  |  | 20 years
Developed technology |  | 10,910 |  |  | 10 years
Trademarks and trade names |  | 2,130 |  |  | 10 years
Backlog |  | 1,810 |  |  | 1 year
Non-compete covenant |  | 1,830 |  |  | 5 years
Total | $ | 40,250 |  |  |
Pro forma Financial Information | The following unaudited pro forma information presents the combined financial results for the Company and JADAK as if the acquisition of JADAK had been completed as of January 1, 2013 (in thousands, except per share information):
| Year Ended December 31, |
| 2014 |  |  | 2013 |
Revenue | $ | 375,737 |  |  | $ | 370,462 |
Income (loss) from continuing operations | $ | (16,067 | ) |  | $ | 11,900 |
Earnings per share from continuing operations - Basic | $ | (0.47 | ) |  | $ | 0.35 |
Earnings per share from continuing operations - Diluted | $ | (0.47 | ) |  | $ | 0.35 |
NDS Acquisition |
Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation | The total final purchase price allocation for the NDS acquisition was as follows (in thousands):
| Amount |
Accounts receivable | $ | 10,327 |
Inventory |  | 14,144 |
Property and equipment |  | 2,426 |
Intangible assets |  | 37,817 |
Goodwill |  | 21,160 |
Other assets |  | 1,782 |
Total assets acquired |  | 87,656 |
Accounts payable |  | 4,768 |
Other liabilities |  | 7,149 |
Deferred tax liabilities |  | 384 |
Total liabilities assumed |  | 12,301 |
Total purchase price | $ | 75,355 |
Fair Value of Intangible Assets | The fair value of NDS intangible assets is comprised of the following (in thousands):
|  |  |  |  | Weighted Average
| Estimated Fair |  |  | Amortization
| Value |  |  | Period
Customer relationships | $ | 22,294 |  |  | 20 years
Developed technology |  | 6,689 |  |  | 10 years
Trademarks and trade names |  | 7,565 |  |  | 20 years
Backlog |  | 1,269 |  |  | 1 year
Total | $ | 37,817 |  |  |

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