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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2015
RBI |
Business Acquisition [Line Items] |
Allocation Of Purchase Consideration To The Assets Acquired And Liabilities Assumed | The allocation of the preliminary purchase consideration to the fair value of the assets acquired and liabilities assumed is as follows as of the date of the acquisition (in thousands):
Working capital | $ | 21,297 |
Property, plant, and equipment | 12,906 |
Acquired intangible assets | 56,392 |
Other assets | 3,214 |
Deferred income taxes | (4,953 | )
Other liabilities | (3,141 | )
Goodwill | 56,975 |
Fair value of purchase consideration | $ | 142,690 |
Schedule Of Acquired Intangible Assets | The intangible assets acquired in this acquisition consisted of the following (in thousands):
| Fair Value |  | Estimated Useful Life
Trademarks | $ | 13,550 |  |  | Indefinite
Technology | 3,550 |  |  | 7-15 years
Customer relationships | 32,892 |  |  | 11-17 years
Non-compete agreements | 1,300 |  |  | 5 years
Backlog | 5,100 |  |  | 0.5 years
Total | $ | 56,392 |  |  |
Schedule of acquisition related costs | The acquisition related costs consisted of the following for the three months and six months ended June 30, 2015 (in thousands):
Selling, general and administrative costs | $ | 1,795 |
Cost of sales | 58 |
Total acquisition related costs | $ | 1,853 |
Schedule of Pro Forma Information | The pro forma amounts may not be indicative of the results that actually would have been achieved had the acquisitions occurred as of January 1, 2014 and are not necessarily indicative of future results of the combined companies (in thousands, except per share data):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Net sales | $ | 300,005 |  |  | $ | 261,918 |  |  | $ | 540,543 |  |  | $ | 479,711 |
Net income | $ | 8,824 |  |  | $ | 5,181 |  |  | $ | 14,193 |  |  | $ | 5,104 |
Net income per share - Basic | $ | 0.28 |  |  | $ | 0.17 |  |  | $ | 0.45 |  |  | $ | 0.16 |
Net income per share -Diluted | $ | 0.28 |  |  | $ | 0.17 |  |  | $ | 0.45 |  |  | $ | 0.16 |
September 2013 Acquisition |
Business Acquisition [Line Items] |
Allocation Of Purchase Consideration To The Assets Acquired And Liabilities Assumed | The allocation of purchase consideration to the fair value of the assets acquired and liabilities assumed during 2013 were as follows as of the date of the acquisition (in thousands):
Working capital | $ | 2,665 |
Property, plant, and equipment | 153 |
Acquired intangible assets | 2,170 |
Goodwill | 2,466 |
Fair value of purchase consideration | $ | 7,454 |
Schedule Of Acquired Intangible Assets | The intangible assets acquired in this acquisition consisted of the following (in thousands):
| Fair Value |  | Estimated Useful Life
Trademarks | $ | 640 |  |  | Indefinite
Technology | 260 |  |  | 15 years
Customer relationships | 1,130 |  |  | 15 years
Non-compete agreements | 140 |  |  | 5 years
Total | $ | 2,170 |  |  |
Schedule of acquisition related costs | All acquisition related costs (including the gain recognized as a result of the calculation of the earn-out obligation at fair value) consisted of the following (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Selling, general and administrative costs | $ | (252 | ) |  | $ | (742 | ) |  | $ | (480 | ) |  | $ | (740 | )
Cost of sales | — |  |  | — |  |  | — |  |  | 206 |
Total acquisition related costs | $ | (252 | ) |  | $ | (742 | ) |  | $ | (480 | ) |  | $ | (534 | )

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