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Business Combinations
 9 Months Ended
Sep. 30, 2015
Business Combinations
Note 10 — Business Combinations

In July 2012, the Company acquired all of the stock of Maui, Inc., an Ohio corporation, and related entities (collectively, “Maui”). The total initial consideration of $37.6 million consisted of $36.2 million in cash and the assumption of liabilities in the amount of $1.4 million. In addition, the Company agreed to pay an earn-out of up to an aggregate amount of $18.0 million in cash over the three calendar years following the acquisition based on the achievement of certain financial performance criteria. The fair value of the expected earn-out of $16.0 million was accrued and recorded as goodwill as of the acquisition date. All future changes to the earn-out liability are to be credited to income. Maui did not achieve the prescribed earn-out targets for 2013 or 2014, therefore, $6.0 million and $5.9 million, respectively, was credited to other income in the fourth quarter of 2013 and third quarter of 2014. In addition, as of September 30, 2015, it was determined that Maui will not achieve the prescribed earn-out targets for 2015, accordingly, $5.6 million was credited to income in the third quarter of 2015. Maui is a leading manufacturer and distributor of spring and summer activity toys and impulse toys and was included in the Company’s results of operations from the date of acquisition.