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BUSINESS ACQUISITIONS (Tables)
 6 Months Ended
Jun. 30, 2016
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 in connection with the acquisitions described above (in thousands):

  
2015
 
  
TSI
  
Cortech1
 
Accounts receivable, net
  
442
   
2,444
 
Inventory
  
475
   
1,243
 
Property & equipment
  
42
   
253
 
Goodwill and intangibles
  
4,929
   
13,897
 
Other assets
  
100
   
21
 
Assets acquired
  
5,988
   
17,858
 
Current liabilities assumed
  
(335
)
  
(2,610
)
Non-current liabilities assumed
  
(653
)
  
(349
)
Net assets acquired
 
$
5,000
  
$
14,899
 
Pro Forma Unaudited Results of Operations
The pro forma unaudited results of operations for the Company on a consolidated basis for the three and six months ended June 30, 2016 and 2015, assuming the acquisition of businesses completed in 2015 were consummated as of January 1, 2015 are as follows (in thousands, except per share data):
 
 
Three Months Ended
June 30,
  
Six Months Ended
June 30,
 
  
2016
  
2015
  
2016
  
2015
 
Net sales
 
$
256,215
  
$
329,886
  
$
509,776
  
$
677,324
 
Net income attributable to DXP Enterprises, Inc.
 
$
5,170
  
$
7,540
  
$
58
  
$
17,684
 
Per share data attributable to DXP Enterprises, Inc.
                
Basic earnings
 
$
0.36
  
$
0.52
  
$
0.00
  
$
1.23
 
Diluted earnings
 
$
0.34
  
$
0.50
  
$
0.00
  
$
1.16