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Business Combination (Tables)
 6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation
Management's purchase price allocation was the following:
(in thousands)
Estimated Lives
 
Fair Value
Cash and cash equivalents
 
 
$
685

Accounts receivable
 
 
374

Inventories
 
 
1,412

Prepaid expenses and other current assets
 
 
253

Property, plant and equipment
1-4 years
 
16

Non-interest bearing liabilities
 
 
(1,557
)
Net tangible assets acquired
 
 
1,183

Trade name
7 years
 
400

Developed technology
4-14 years
 
9,080

Customer relationships
5 years
 
1,300

Goodwill
 
 
12,564

Total purchase price
 
 
24,527

Noncontrolling interest in Encore
 
 
(378
)
Net purchase price
 
 
24,149

Less: Contingent consideration
 
 
(11,200
)
Cash paid
 
 
$
12,949
Pro Forma Information
The following unaudited pro forma financial information presents the combined results of our operations and the operations of Ecolink as if this transaction had occurred on January 1, 2014. This unaudited pro forma financial information is not intended to represent or be indicative of the consolidated results of operations that would have been achieved had the acquisition actually been completed as of January 1, 2014, and should not be taken as a projection of the future consolidated results of our operations.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except per-share amounts)
2016
 
2015
 
2016
 
2015
Net sales
$
170,986

 
$
149,160

 
$
321,644

 
$
283,371

Net income
$
6,621

 
$
8,271

 
$
9,410

 
$
13,303

Net income attributable to Universal Electronics Inc.
$
6,613

 
$
8,236

 
$
9,371

 
$
13,243

Basic earnings per share attributable to Universal Electronics Inc.
$
0.46

 
$
0.52

 
$
0.65

 
$
0.84

Diluted earnings per share attributable to Universal Electronics Inc.
$
0.45

 
$
0.51

 
$
0.64

 
$
0.82