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ACQUISITION (Tables)

3 Months Ended

Mar. 31, 2018

Summary of Purchase Price

The purchase price has been determined to be as follows (in thousands):

Cash		$	218,917
Share consideration			76,905
Total purchase price		$	295,822

Summary of Purchase Price Allocated Based on Estimated Fair Value of Assets and Liabilities

The purchase price was allocated based on the Company’s preliminary estimate of the fair value of the assets acquired and liabilities assumed, as follows (in thousands):

Accounts receivable		$	26,453
Inventory			26,696
Other assets			10,086
Other liabilities			(24,393	)
Deferred income tax			(26,633	)
Goodwill and other intangibles			283,613
Total allocated value		$	295,822

Summary of Pro Forma Consolidated Net Sales and Income (Loss) Before Income Taxes and Equity in Earnings

The following table presents the Company’s pro forma consolidated net sales, loss before income taxes and equity in earnings and net loss for the three months ended March 31, 2018 and March 31, 2017. The unaudited pro forma results include the historical statement of operations information of the Company and of Filament, giving effect to the Filament acquisition and related financing as if they had occurred at the beginning of the periods presented.

		Unaudited pro forma results
		Three Months Ended
		March 31, 2018				March 31, 2017
		(In thousands, except per share data)
Net sales		$	143,980			$	158,270
Loss before income taxes and equity in earnings			(15,844	)			(4,962	)
Net loss			(11,868	)			(2,566	)
Basic and diluted loss per common share			(0.58	)			(0.13	)

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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.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
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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.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

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-Name Accounting Standards Codification
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