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Acquisitions & Dispositions (Tables)
 12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of the acquisition (in thousands):
Current assets, net of cash acquired
 
$
3,763

Property and equipment
 
96

Intangible assets (primarily developed technologies and customer relationships)
 
17,090

Tax-deductible goodwill
 
16,472

Non-tax deductible goodwill
 
3,099

Current liabilities
 
(1,329
)
Net assets acquired
 
$
39,191

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of the acquisition (in thousands):
Current assets, net of cash acquired
 
$
18,655

Non-current assets
 
238

Property and equipment
 
2,408

Intangible assets (primarily customer relationships)
 
30,400

Tax-deductible goodwill
 
20,559

Current liabilities
 
(12,633
)
Long-term liabilities
 
$
(2,355
)
Net assets acquired, net of cash acquired
 
$
57,272

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of the acquisition (in thousands):
Accounts Receivable
 
$
28,044

Inventory
 
40,005

Other current assets
 
3,141

Property and equipment
 
51,585

Intangible assets (primarily developed technologies and customer relationships)
 
228,190

Tax-deductible goodwill
 
69,423

Non-tax deductible goodwill
 
64,491

Current liabilities
 
(16,005
)
Long term liabilities
 
$
(54
)
Total net assets
 
$
468,820

Fair value of equity method investment previously held
 
(178,500
)
Net assets acquired
 
$
290,320

The following table summarizes the consideration transferred to acquire the remaining ownership interests of Global Tubing (in thousands other than stock price and shares issued):
 
 
Purchase Consideration
Forum Energy Technologies' closing stock price on October 2, 2017
 
$
15.10

Multiplied by number of shares issued for acquisition
 
11,488,208

Common shares
 
$
173,472

Cash
 
31,764

Repayment of Global Tubing debt at acquisition
 
85,084

Total Consideration paid for the acquisition
 
$
290,320
Business Acquisition, Pro Forma Information
he following unaudited pro forma summary presents consolidated information as if the Global Tubing acquisition had occurred on January 1, 2016:
 
Pro Forma Year Ended December 31,
 
2017
 
2016
Net sales
$
901,856

 
$
659,108

Net loss attributable to common stockholders
(125,204
)
 
(101,173
)