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ACQUISITIONS (Tables)

12 Months Ended

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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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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