Business Combinations (Tables)

3 Months Ended

Mar. 31, 2017

Allocation of the Purchase Price to the Estimated Fair Value of the Assets Acquired and Liabilities Assumed Subject to Working Capital Adjustments

The allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date, subject to working capital adjustments, is as follows:

(In Thousands)
Assets
Inventory	$	3,131
Property, plant and equipment		352
Intangible assets		4,700
Total assets acquired		8,183

Liabilities
Accounts payable		(1,250	)
Warranty payable		(61	)
Accrued wages and benefits		(122	)
Deferred income taxes		(2,265	)
Total liabilities assumed		(3,698	)

Total net assets		4,485
Gain on bargain purchase of a business, net of tax		(3,542	)
Total purchase price	$	943

Details of the Acquired Intangible Assets

The details of the acquired intangible assets are as follows:

In thousands	Value		Life (years)
Supply agreement	$	1,400		0.8
Customer relationships		1,200		6.0
Developed technology		800		10.0
License		500		1.3
Patent		500		7.3
Non-compete		200		2.3
Trade name		100		2.0
Total	$	4,700

Summary of Unaudited Supplemental Pro Forma Information

The following unaudited supplemental pro forma information presents the financial results as if the acquisition had occurred on January 1, 2015. This unaudited supplemental pro forma information does not purport to be indicative of what would have occurred had the acquisition been completed on January 1, 2015, nor is it indicative of any future results. Aside from revising the 2015 net income for the effect of the bargain purchase gain, there were no material, non-recurring adjustments to this unaudited pro forma information.

	Three Months Ended
	March 31,
(In thousands)	2016		2015
Pro forma revenue	$	143,354	$	143,980
Pro forma net income	$	4,884	$	6,418