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ACQUISITION (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Purchase Price

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

Cash		$	218,506
Share consideration			76,905
Total purchase price		$	295,411

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			9,093
Other liabilities			(25,176	)
Deferred income tax			(26,633	)
Goodwill and other intangibles			284,978
Total allocated value		$	295,411

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 and six months ended June 30, 2018 and June 30, 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								Six Months Ended
		June 30, 2018				June 30, 2017				June 30, 2018				June 30, 2017
		(In thousands, except per share data)								(In thousands, except per share data)
Net sales		$	148,651			$	149,043			$	292,631			$	307,313
Loss before income taxes and equity in earnings			(6,694	)			(6,193	)			(22,904	)			(11,245	)
Net loss			(5,092	)			(3,295	)			(17,235	)			(5,935	)
Basic and diluted loss per common share			(0.25	)			(0.16	)			(0.85	)			(0.30	)

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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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