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ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2019

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

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

Accounts receivable		$	26,224
Inventory			29,044
Other assets			5,620
Other liabilities			(23,018	)
Deferred income tax			(13,881	)
Goodwill and other intangibles			270,427
Total allocated value		$	294,416

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. The unaudited pro forma results include the historical statements 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				Six Months Ended
		June 30, 2018				June 30, 2018
		(in thousands, except per share data)
Net sales		$	148,651			$	292,631
Loss before income taxes and equity in earnings			(6,694	)			(22,904	)
Net loss			(5,092	)			(17,235	)
Basic and diluted loss per common share			(0.25	)			(0.85	)

X

- 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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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- Definition

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.

+ References

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