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Acquisition of Orlaco (Tables)
 6 Months Ended
Jun. 30, 2018
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



 

 



 

 

Cash

 

$               79,675

Fair value of earn-out consideration and other adjustments

 

 4,208 

Total purchase price

 

$               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, 2017. 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.

 





 

 

 

 

 



 

 

Six months ended



 

 

June 30,



 

 

 

 

 2017 



 

 

 

 

 

Net sales

 

 

 

$

 418,452 

Net income attributable to Stoneridge, Inc. and subsidiaries

 

 

$

 18,326 



 

 

 

 

 

 

 



The unaudited pro forma financial information presented in the table above has been adjusted to give effect to adjustments that are directly related to the business combination and are factually supportable. These adjustments include, but are not limited to, depreciation and amortization related to fair value adjustments to property, plant, and equipment and finite-lived intangible assets. Also, an adjustment has been made for management fees expensed by Orlaco.