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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Autocam [Member]

Summary of Final Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the purchase price allocation for the Autocam merger:

Fair value of assets acquired and liabilities assumed on August 29, 2014		September 30, 2014				2014 adjustments to fair value				December 31, 2014
Current assets		$	88,529			$	(1,182	)		$	87,347
Property, plant, and equipment			146,120				7,065				153,185
Intangible assets subject to amortization			51,098				562				51,660
Investment in joint venture			35,595				—				35,595
Other non-current assets			2,170				3,898				6,068
Goodwill			77,548				(3,556	)			73,992
Total assets acquired		$	401,060			$	6,787				407,847
Current liabilities		$	34,320			$	6,963			$	41,283
Current maturities of long-term debt			6,547				—				6,547
Non-current deferred tax liabilities			46,998				(486	)			46,512
Obligations under capital lease			18,350				—				18,350
Long-term debt, net of current portion			4,263				—				4,263
Other non-current liabilities			2,028				310				2,338
Total liabilities assumed		$	112,506			$	6,787			$	119,293
Net asset acquired		$	288,554			$	—			$	288,554

Summary of Unaudited Proforma Information

The provision for income taxes has also been adjusted for all periods, based upon the foregoing adjustments to historical results.

		Year ended December 31,
		2014				2013
Pro forma sales		$	659,652			$	606,690
Pro forma net income		$	19,573			$	3,307

PEP [Member]

Summary of Final Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation for the PEP Acquisition:

Fair value of assets acquired and liabilities assumed		October 19, 2015
Current assets		$	69,331
Property, plant, and equipment			56,163
Intangible assets subject to amortization			240,490
Other non-current assets			1,500
Goodwill			364,450
Total assets acquired		$	731,934
Current liabilities		$	21,131
Non-current deferred tax liabilities			87,578
Other non-current liabilities			2,029
Total liabilities assumed		$	110,738
Net asset acquired		$	621,196

Summary of Unaudited Proforma Information

The provision for income taxes has also been adjusted for all periods, based upon the foregoing adjustments to historical results.

		Year ended December 31,
		2015				2014
Pro forma sales		$	851,583			$	863,619
Pro forma net (loss) income		$	14,010			$	(7,560	)
Basic income (loss) per share		$	0.66			$	(0.41	)
Diluted income (loss) per share		$	0.65			$	(0.40	)

Other Acquisitions [Member]

Summary of Final Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the final fair values of assets acquired and liabilities assumed at the date of acquisition with any adjustments to fair value since September 30, 2014.

Assets acquired and liabilities assumed		September 30, 2014				2014 adjustments to fair value				December 31, 2014
Current assets		$	5,688			$	(123	)		$	5,565
Property, plant, and equipment			15,367				(31	)			15,336
Intangible assets subject to amortization			2,705				—				2,705
Goodwill			2,038				456				2,494
Total assets acquired		$	25,798			$	302			$	26,100
Current liabilities		$	4,803			$	302			$	5,105
Total liabilities assumed		$	4,803			$	302			$	5,105
Net asset acquired		$	20,995			$	—			$	20,995

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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)
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+ 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=56956791&loc=d3e4845-128472

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