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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Summary of Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of assets acquired and liabilities assumed and the purchase price for NII and Unaflex. The final purchase accounting and purchase price allocation remain subject to change as the Company continues to refine its preliminary valuation of certain acquired assets and the valuation of acquired intangibles.
|  | NII |  | Unaflex
(In thousands) |  | July 5, 2017 |  | August 14, 2017
Net Assets Acquired: |  |  |  |
Cash and Cash Equivalents |  | $ | 2,219 |  |  | $ | — |
Accounts Receivable |  | 6,542 |  |  | 2,079 |
Inventories |  | 26,181 |  |  | 1,903 |
Property, Plant, and Equipment |  | 12,981 |  |  | 1,357 |
Other Assets |  | 1,732 |  |  | 90 |
Definite-Lived Intangible Assets |  |  |  |
Product technology |  | 17,100 |  |  | 2,300 |
Customer relationships |  | 44,700 |  |  | 8,000 |
Other |  | 2,540 |  |  | 900 |
Indefinite-Lived Intangible Assets |  |  |  |
Tradenames |  | 8,500 |  |  | — |
Goodwill |  | 84,606 |  |  | 15,277 |
Total assets acquired |  | 207,101 |  |  | 31,906 |
Accounts Payable |  | 4,970 |  |  | 358 |
Customer Deposits |  | 7,396 |  |  | 100 |
Long-Term Deferred Tax Liability |  | 17,073 |  |  | — |
Other Liabilities |  | 4,788 |  |  | 174 |
Total liabilities assumed |  | 34,227 |  |  | 632 |
Net assets acquired |  | $ | 172,874 |  |  | $ | 31,274 |
Purchase Price: |  |  |  |  |
Cash |  | $ | 4,990 |  |  | $ | — |
Cash Paid to Seller Borrowed Under the Revolving Credit Facility |  | 170,018 |  |  | 31,274 |
Post-closing Adjustment |  | (2,134 | ) |  | — |
Total purchase price |  | $ | 172,874 |  |  | $ | 31,274 |
Unaudited Supplemental Pro Forma Information | Had the acquisitions of NII and Unaflex been completed as of the beginning of 2016, the Company’s pro forma results of operations for the nine months ended September 30, 2017 and October 1, 2016 would have been as follows:
|  | Nine Months Ended
(In thousands, except per share amounts) |  | September 30, 2017 |  | October 1, 2016
Revenues |  | $ | 416,570 |  |  | $ | 383,450 |
Net Income Attributable to Kadant |  | $ | 40,929 |  |  | $ | 20,680 |
Earnings per Share Attributable to Kadant: |  |  |  |
Basic |  | $ | 3.73 |  |  | $ | 1.91 |
Diluted |  | $ | 3.63 |  |  | $ | 1.86 |

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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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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