Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.3.1.900
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2015
Acquisitions [Abstract]  
Summary of Fair Value Adjustments for Assets and Liabilities Assumed
Based on the Company's valuation, the total consideration of approximately $192 million (excluding any earn-out payments), which includes a final cash and net working capital consideration of $2.4 million, has been allocated to assets acquired (including identifiable intangible assets and goodwill) and liabilities assumed (including deferred taxes on identifiable intangible assets that are not deductible for income tax purposes), as follows (in thousands):



Description
  
Fair Value
  
Cash
  
$
502
  
Accounts receivable
    
10,627
  
Inventories
    
49,000
  
Prepaid expenses and other assets
    
3,436
  
Property and equipment
    
10,725
  
Customer relationships
    
78,500
  
Trade name
    
6,400
  
Goodwill
    
104,549
  
Accounts payable
    
(9,435
)
Accrued expenses and other current liabilities
    
(4,719
)
Long-term deferred tax liability
    
(32,773
)
   
$
216,812
  
         
Cash consideration
  
$
191,867
  
Acquisition date fair value of earn-out obligation
    
24,945
  
Total
  
$
216,812
  
Business Acquisition, Pro Forma Information
The following unaudited consolidated pro forma results of operations are as following (in thousands except per share amounts):

   
Years
ended December 31,
  
   
2015
    
2014
  
Revenue
  
$
541,387
    
$
536,867
  
Income from continuing operations
  
$
25,267
    
$
26,040
  
Basic earnings per share
  
$
4.70
    
$
4.86
  
Diluted earnings per share
  
$
4.68
    
$
4.85