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BUSINESS ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2015
BUSINESS ACQUISITIONS [Abstract]  
Estimated Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed during 2015 and 2014 in connection with the acquisitions described above (in thousands):

  
2015
  
2014
 
              
  
TSI
  
CORTECH
   
B27
  
MT&S
 
              
              
Cash
 
$
-
  
$
-
  
$
2,538
  
$
806
 
Accounts Receivable, net
  
442
   
2,293
   
51,448
   
5,656
 
Inventory
  
475
   
1,243
   
6,472
   
2,522
 
Property and equipment
  
42
   
253
   
14,573
   
557
 
Goodwill and intangibles1
  
4,929
   
14,048
   
259,412
   
8,405
 
Other assets
  
100
   
21
   
1,791
   
59
 
Assets acquired
  
5,988
   
17,858
   
336,234
   
18,005
 
Current liabilities assumed
  
(335
)
  
(2,610
)
  
(26,690
)  
(3,336
) 
Non-current liabilities assumed2
  
(653
)
  
(349
)
  
(15,992
)
  
-
 
Net assets acquired
 
$
5,000
  
$
14,899
  
$
293,552
  
$
14,669
 

(1) The amounts in the table above have not been reduced by the $105.3 million, or the $67.7 million, of goodwill impairment charges for B27 recorded in the fourth quarter of 2014 and the second half of 2015, respectively.
(2) Includes deferred tax liability of $0.6 million and $16.0 million related to intangible assets acquired for 2015 and 2014, respectively.
Pro Forma Unaudited Results of Operations
The pro forma unaudited results of operations for the Company on a consolidated basis for the twelve months ended December 31, 2015 and 2014, assuming the acquisition of businesses completed in 2015 and 2014 (previously discussed in Item 1, Business) were consummated as of January 1, 2014 are as follows (in millions, except per share amounts):

  
Years Ended
December 31,
 
  
2015
  
2014
 
Net sales
 
$
1,263
  
$
1,541
 
Net income (loss) attributable to DXP Enterprises, Inc.
 
$
(37
)
 
$
(44
)
Per share data attributable to DXP Enterprises, Inc.
        
Basic earnings (loss)
 
$
(2.60
)
 
$
(2.99
)
Diluted earnings (loss)
 
$
(2.60
)
 
$
(2.99
)
 
The pro forma unaudited results of operations for the Company on a consolidated basis for the twelve months ended December 31, 2014 and 2013, assuming the acquisition of businesses completed in 2014 and 2013 (previously discussed in Item 1, Business) were consummated as of January 1, 2013 are as follows (in millions, except per share amounts):

  
Years Ended
December 31,
 
  
2014
  
2013
 
Net sales
 
$
1,513
  
$
1,496
 
Net income (loss)
 
$
(45
)
 
$
71
 
Per share data
        
Basic earnings (loss)
 
$
(3.08
)
 
$
4.90
 
Diluted earnings (loss)
 
$
(3.08
)
 
$
4.64