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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2016
Business Combinations [Abstract] |
Schedule of Allocation of the Purchase Price Consideration of the Fair Value of Assets Acquired and Liabilities Assumed | The allocation of the 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):
Cash | $ | 4,651 |
Working capital | 21,436 |
Property, plant, and equipment | 12,797 |
Acquired intangible assets | 56,392 |
Other assets | 3,049 |
Deferred income taxes | (4,892 | )
Other liabilities | (3,028 | )
Goodwill | 57,180 |
Fair value of purchase consideration | $ | 147,585 |
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):
Cash | $ | 2,495 |
Working capital | (1,109 | )
Property, plant, and equipment | 4,702 |
Acquired intangible assets | 6,200 |
Other assets | 23 |
Goodwill | 12,283 |
Fair value of purchase consideration | $ | 24,594 |
Schedule of Acquired Intangible Assets | The intangible assets acquired in this acquisition consisted of the following (in thousands):
| Fair Value |  | Estimated Useful Life
Trademarks | $ | 3,200 |  |  | Indefinite
Technology | 1,300 |  |  | 15 years
Customer relationships | 800 |  |  | 11 years
Backlog | 900 |  |  | 0.25 years
Total | $ | 6,200 |  |  |
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 |  |  |
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):
| Twelve Months Ended December 31,
| 2015 |  | 2014
Net sales | $ | 1,128,915 |  |  | $ | 1,026,014 |
Net income (loss) | $ | 33,587 |  |  | $ | (46,714 | )
Net income (loss) per share - Basic | $ | 1.08 |  |  | $ | (1.50 | )
Net income (loss) per share - Diluted | $ | 1.06 |  |  | $ | (1.50 | )
Schedule of Business Combination Costs | All acquisition related costs consisted of the following for the years ended December 31 (in thousands):
| 2016 |  | 2015 |  | 2014
Selling, general and administrative costs | $ | 228 |  |  | $ | 732 |  |  | $ | (1,594 | )
Cost of sales | 81 |  |  | 230 |  |  | 206 |
Total acquisition related costs | $ | 309 |  |  | $ | 962 |  |  | $ | (1,388 | )

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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