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BUSINESS ACQUISITIONS (Tables) | 6 Months Ended
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Jun. 30, 2016
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following summarizes the preliminary allocation of the purchase price as of June 30, 2016 based on the fair value of the assets acquired and liabilities assumed:
| Preliminary Purchase Price Allocation |
| (Dollars in thousands) |
Inventory | $ | 1,143 |  |
Other current assets | 11 |  |
Property, plant, and equipment | 669 |  |
Intangible assets: |  | Wtd. Avg. Life:
Supplier contracts | 4,981 |  | 2 -13 Years
Goodwill | 9,665 |  |
Total assets acquired | 16,469 |  |
Accrued expenses and other liabilities | 802 |  |
Deferred tax liabilities | 1,564 |  |
Net assets acquired | $ | 14,103 |  |
The following summarizes the allocation of the purchase price as of June 30, 2016 based on the fair value of the assets acquired and liabilities assumed:
| Purchase Price Allocation |
| (Dollars in thousands) |
Cash | $ | 1,241 |  |
Accounts receivable, net | 9,011 |  |
Inventory | 23,223 |  |
Income tax receivable | 5,135 |  |
Other current assets | 2,670 |  |
Property, plant, and equipment | 2,027 |  |
Intangible assets: |  | Wtd. Avg. Life:
Developed technology | 167,400 |  | 14 -16 Years
Contractual relationships | 51,345 |  | 11 -14 Years
Leasehold interest | 69 |  |
Goodwill | 147,704 |  |
Total assets acquired | 409,825 |  |
Accrued expenses and other liabilities | 9,732 |  |
Deferred tax liabilities | 87,908 |  |
Net assets acquired | $ | 312,185 |  |
The following summarizes the allocation of the purchase price as of June 30, 2016 based on the fair value of the assets acquired and liabilities assumed:
| Purchase Price Allocation |
| (Dollars in thousands) |
Inventory | $ | 2,688 |  |
Property, plant, and equipment | 1,453 |  |
Intangible assets: |  | Wtd. Avg. Life:
Ankle product family | 3,210 |  | 11 years
Toe product family | 460 |  | 10 years
Total assets acquired | 7,811 |  |
Deferred tax liabilities | 700 |  |
Net assets acquired | $ | 7,111 |  |
Pro Forma Information | As a result, these pro forma results do not necessarily represent results that would have occurred if the acquisition had taken place on the basis assumed above, nor are they indicative of the results of future combined operations.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2015
| (In thousands, except per share amounts)
Total revenue | $ | 235,357 |  |  | $ | 460,828 |
Net income | $ | 13,585 |  |  | $ | 26,892 |
Net income per share: |  |  |
Basic | $ | 0.41 |  |  | $ | 0.82 |

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- 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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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