Acquisition of Orlaco (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Total Consideration Transferred

The acquisition date fair value of the total consideration transferred consisted of the following:



Cash		$ 79,675
Fair value of earn-out liability and other adjustments		5,471
Total purchase price		$ 85,146

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. The purchase price and associated allocation is preliminary pending completion of the valuation of acquired inventory, property, plant and equipment, intangible assets and deferred income taxes.


At January 31, 2017
Cash		$ 2,165
Accounts receivable		8,130
Inventory		9,144
Prepaids and other current assets		298
Property, plant and equipment		6,668
Identifiable intangible assets		38,626
Other long-term assets		690
Total identifiable assets acquired		65,721

Accounts payable		3,020
Other current liabilities		805
Deferred tax liabilities		9,994
Other long-term liabilitites		1,462
Total liabilities assumed		15,281
Net identifiable assets acquired		50,440
Goodwill		34,706
Net assets acquired		$ 85,146

Pro Forma Results of Operations

The following unaudited pro forma information reflects the Company’s condensed consolidated results of operations as if the acquisition had taken place on January 1, 2016. The unaudited pro forma information is not necessarily indicative of the results of operations that the Company would have reported had the transaction actually occurred at the beginning of these periods, nor is it necessarily indicative of future results.


Three months ended March 31,		2017		2016
Net sales	$	209,341	$	177,491
Net income attributable to Stoneridge, Inc. and subsidiaries	$	9,307	$	8,896