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Acquisition of Orlaco (Tables) | 6 Months Ended
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Jun. 30, 2017
Acquisition of Orlaco [Abstract] |
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 consideration and other adjustments |  | 4,208
﻿Total purchase price |  | $ 83,883
﻿
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the acquisition date (including measurement period adjustments). 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 and may be subsequently adjusted to reflect final valuation results and purchase price adjustments. Based upon information obtained, certain of the fair value amounts previously estimated were adjusted during the measurement period. These measurement period adjustments related to updated valuation reports and appraisals received from our external valuation specialists, as well as revisions to internal estimates. The changes in estimates recorded at June 30, 2017 include an increase in inventory of $265; an increase in intangible assets of $113; an increase in accrued liabilities of $29; a decrease in accounts receivable of $201 and a decrease in earn-out consideration of $1,007. The measurement period and working capital adjustments resulted in a decrease to goodwill $1,411. ﻿ ﻿
﻿ |  |
﻿At January 31, 2017 |  |
﻿Cash |  | $ 2,165
﻿Accounts receivable |  | 7,929
﻿Inventory |  | 9,409
﻿Prepaid and other current assets |  | 298
﻿Property, plant and equipment |  | 6,668
﻿Identifiable intangible assets |  | 38,739
﻿Other long-term assets |  | 690
﻿Total identifiable assets acquired |  | 65,898
﻿ |  |
﻿Accounts payable |  | 3,020
﻿Other current liabilities |  | 834
﻿Deferred tax liabilities |  | 9,994
﻿Warranty liability |  | 1,462
﻿Total liabilities assumed |  | 15,310
﻿Net identifiable assets acquired |  | 50,588
﻿Goodwill |  | 33,295
﻿Net assets acquired |  | $ 83,883
﻿
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 |  | Six months ended
﻿ |  |  | June 30, |  | June 30,
﻿ |  |  | 2017 |  | 2016 |  | 2017 |  | 2016
﻿ |  |  |  |  |  |  |  |  |
﻿Net sales |  | $ | 209,111 | $ | 201,397 | $ | 418,452 | $ | 378,892
﻿Net income attributable to Stoneridge, Inc. and subsidiaries | $ | 9,019 | $ | 12,889 | $ | 18,326 | $ | 21,789
﻿

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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 a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -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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