XML 67 R50.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Business Combinations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Business Combinations [Abstract] |
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 |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Management's purchase price allocation was the following:
(in thousands) | Estimated Lives |  | Fair Value
Accounts receivable |  |  | $ | 429 |
Inventories |  |  | 1,508 |
Prepaid expenses and other current assets |  |  | 7 |
Property, plant and equipment | 1-4 years |  | 14 |
Current liabilities |  |  | (408 | )
Net tangible assets acquired |  |  | 1,550 |
Trade name | 8 years |  | 400 |
Customer relationships | 10 years |  | 5,000 |
Order backlog | 1 year |  | 150 |
Goodwill |  |  | 5,494 |
Total purchase price |  |  | 12,594 |
Less: Contingent consideration |  |  | (3,700 | )
Cash paid |  |  | $ | 8,894 |
Business Combination, Pro Forma Results | The following unaudited pro forma financial information presents the combined results of our operations and the operations of RCS as if the RCS acquisition had occurred on January 1, 2016. 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, 2016, and should not be taken as a projection of the future consolidated results of our operations.
|  | Year Ended December 31,
(In thousands, except per-share amounts) |  | 2017 |  | 2016
Net sales |  | $ | 696,352 |  |  | $ | 659,272 |
Net income (loss) |  | (10,538 | ) |  | 19,997 |
Net income (loss) attributable to Universal Electronics Inc. |  | (10,538 | ) |  | 19,967 |
Basic earnings (loss) per share attributable to Universal Electronics Inc. |  | (0.73 | ) |  | 1.38 |
Diluted earnings (loss) per share attributable to Universal Electronics Inc. |  | (0.73 | ) |  | 1.35 |

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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration