XML 32 R23.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Business Combinations (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Business Combinations [Abstract] |
Final Allocation of the Purchase Price to the Estimated Fair Value of the Assets Acquired and Liabilities Assumed | The final allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date 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 |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(In thousands) |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Pro forma revenue |  | $ | 170,498 |  |  | $ | 159,375 |  |  | $ | 478,184 |  |  | $ | 463,916 |
Pro forma net income |  | $ | 9,495 |  |  | $ | 6,691 |  |  | $ | 24,761 |  |  | $ | 15,071 |
Pro forma earnings per share - basic |  | $ | 0.20 |  |  | $ | 0.13 |  |  | $ | 0.51 |  |  | $ | 0.29 |
Pro forma earnings per share - diluted |  | $ | 0.20 |  |  | $ | 0.13 |  |  | $ | 0.50 |  |  | $ | 0.29 |

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 finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
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