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ACQUISITIONS (Tables) | 12 Months Ended
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Dec. 31, 2018
Filament |
Summary of Purchase Price | The purchase price, as adjusted, has been determined to be as follows (in thousands):
Cash |  | $ | 217,511 |
Share consideration |  |  | 76,905 |
Total purchase price |  | $ | 294,416 |
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 |  | $ | 26,224 |
Inventory |  |  | 29,444 |
Other assets |  |  | 5,620 |
Other liabilities |  |  | (22,449 | )
Deferred income tax |  |  | (13,877 | )
Goodwill and other intangibles |  |  | 269,454 |
Total allocated value |  | $ | 294,416 |
Summary of Pro Forma Consolidated Net Sales and Income (Loss) Before Income Taxes and Equity in Earnings |
|  | Year ended December 31, |
|  | 2018 |  |  | 2017 |
|  | (In thousands, except per share data) |
Net sales |  | $ | 730,353 |  |  | $ | 747,549 |
Income before income taxes and equity in earnings |  |  | 2,439 |  |  |  | 14,151 |
Net (loss) income |  |  | (267 | ) |  |  | 5,794 |
Diluted (loss) income per common share |  | $ | (0.01 | ) |  | $ | 0.28 |
Fitz and Floyd Business [Member] |
Summary of Purchase Price Allocated Based on Estimated Fair Value of Assets and Liabilities | The purchase price was allocated based on the Company’s estimate of the fair values of the assets acquired and liabilities assumed, as follows (in thousands):
Accounts Receivable |  | $ | 3,115 |
Inventory |  |  | 5,424 |
Other assets |  |  | 458 |
Other liabilities |  |  | (2,056 | )
Goodwill and other intangibles |  |  | 2,131 |
Total allocated value |  | $ | 9,072 |

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