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ACQUISITION (Tables) | 12 Months Ended
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Dec. 31, 2014
Purchase Price Allocation | The aggregate purchase price of $377.0 million was allocated to the opening balance sheet of Walker at May 8, 2012, the date of acquisition, as follows (in thousands):
Cash |  | $ | 10,982 |
Current assets |  |  | 93,409 |
Property, plant and equipment |  |  | 32,541 |
Intangibles |  |  | 162,800 |
Deferred income taxes |  |  | 4,640 |
Goodwill |  |  | 148,498 |
Total assets |  | $ | 452,870 |
Current liabilities |  | $ | (74,722) |
Deferred income taxes |  |  | (1,100) |
Total liabilities |  | $ | (75,822) |
|  | $ | 377,048 |
Acquisition, net of cash acquired |  | $ | 366,066 |
Intangible Assets | Intangible assets of $162.8 million were recorded as a result of the acquisition. The intangible assets consist of the following (in thousands):
|  | Amount |  | Useful Life |
Backlog |  | $ | 900 |  | Less than 1 year |
Tradenames and Trademarks |  |  | 27,600 |  | 20 years |
Technology |  |  | 15,300 |  | 12 years |
Customer relationships |  |  | 119,000 |  | 10 years |
|  | $ | 162,800 |  |  |
Unaudited Pro Forma Information | The following unaudited pro forma information is shown below as if the acquisition of Walker had been completed as of the beginning of the earliest period presented (in thousands, except per share amounts):
|  | Twelve Months Ended |
|  | December 31, 2012 |
Sales |  | $ | 1,597,920 |
Operating income |  | $ | 98,019 |
Net income |  | $ | 123,030 |
Basic net income per share |  | $ | 1.79 |
Diluted net income per share |  | $ | 1.78 |
Beall Corporation [Member] |
Purchase Price Allocation | The aggregate consideration paid by the Company for the acquired assets and the assumed liabilities was $13.9 million and was allocated to the opening balance sheet as follows (in thousands):
Current assets |  | $ | 1,035 |
Property, plant and equipment |  |  | 2,714 |
Intangibles |  |  | 8,860 |
Goodwill |  |  | 1,784 |
Total assets |  | $ | 14,393 |
Current liabilities |  | $ | (462) |
Total liabilities |  | $ | (462) |
Acquisition |  | $ | 13,931 |
Intangible Assets | The intangible assets consist of the following (in thousands):
|  | Amount |  | Useful Life |
Tradenames and Trademarks |  | $ | 1,622 |  | 20 years |
Technology |  |  | 1,217 |  | 8 years |
Customer relationships |  |  | 6,021 |  | 8 years |
|  | $ | 8,860 |  |  |

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