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ACQUISITION (Tables)

9 Months Ended

Sep. 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			8,663
Other liabilities			(24,746	)
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, income (loss) before income taxes and equity in earnings and net income (loss) for the three and nine months ended September 30, 2018 and 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.

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2018				2017				2018				2017
		(In thousands, except per share data)
Net sales		$	209,448			$	209,119			$	502,079			$	516,432
Income (loss) before income taxes and equity in earnings			6,956				9,742				(15,416	)			(1,238	)
Net income (loss)			6,145				5,009				(10,671	)			(801	)
Diluted income (loss) per common share			0.30				0.24				(0.52	)			(0.04	)

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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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