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GM&P Acquisitions (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Summary of Purchase Price Allocation of Total Consideration Transferred

The following table summarizes the purchase price allocation of the total consideration transferred:

Consideration Transferred:
Notes payable (Cash or Stock)		$	35,000
Fair value of the non-controlling interest in Componenti			1,141

Recognized amounts of identifiable assets acquired and liabilities assumed:		Preliminary Purchase Price Allocation				Measurement Period Adjustments				Final Purchase Price Allocation
Cash and equivalents		$	509								509
Accounts receivable			42,314								42,314
Other current assets			5,287				242				5,529
Property, plant, and equipment			684								684
Other non-current tangible assets			59								59
Trade name			980								980
Non-compete agreement			165								165
Contract backlog			3,090								3,090
Customer relationships			4,140								4,140
Accounts payable			(22,330	)			275				(22,055	)
Other current liabilities assumed			(13,967	)			(673	)			(14,640
Non-current liabilities assumed			(3,634	)			(3,231	)			(6,865	)
Total identifiable net assets			17,297				(3,387	)			13,910
Goodwill (including Workforce)		$	18,844				3,387			$	22,231

Schedule of Pro Forma Results of Operations

The unaudited pro forma results do not include the impact of synergies, nor any potential impacts on current or future market conditions which could alter the following unaudited pro forma results.

		Pro-Forma
		Nine Months
		Ended
(in thousands, except per share amounts)		September 30, 2017
Pro Forma Results
Net sales		$	240,164
Net income attributable to parent		$	3,329
Net income per common share:
Basic		$	0.10
Diluted		$	0.10

X

- 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
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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 2
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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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