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ACQUISITION (Tables) | 3 Months Ended
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Mar. 31, 2019
TCI |
ACQUISITIONS |
Schedule of purchase price allocation and estimated fair value of the assets acquired | The preliminary allocation of the purchase price paid for TCI is based on estimated fair values of the assets acquired and liabilities assumed of TCI as of December 6, 2018 (in thousands):
Inventory |  | $ | 4,332
Accounts receivable |  |  | 5,822
Other assets, net |  |  | 303
Property, plant and equipment |  |  | 3,464
Amortizable intangible assets |  |  | 36,400
Goodwill |  |  | 17,843
Current liabilities |  |  | (4,064)
Net purchase price |  | $ | 64,100
Schedule of unaudited pro forma financial information |
|  | March 31,
|  | 2018
Revenues |  | $ | 86,989
Net income |  | $ | 4,544
Diluted earnings per share |  | $ | 0.49
Maval OE Steering |
ACQUISITIONS |
Schedule of purchase price allocation and estimated fair value of the assets acquired | The following table represents the purchase price allocation and summarizes the aggregate estimated fair value of the assets acquired (in thousands):
|  | January 19, 2018
Intangible assets |  | $ | 3,870
Goodwill |  |  | 6,001
Assets acquired (net of liabilities assumed) |  |  | 3,441
Fair value of net assets acquired |  | $ | 13,312

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