BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 30, 2016

Summary of Assets Acquired and Liabilities Assumed

The following table summarizes the values of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

Cash consideration	$	33,655
Contingent consideration		1,510
	$	35,165
Allocation of purchase price:
Current assets, including cash of $492	$	2,204
Property and equipment		1,869
Accounts payable and accrued liabilities		(906	)
Net tangible assets		3,167
Identifiable intangible assets		16,450
Goodwill		15,548
Total purchase price	$	35,165

Schedule of Intangible Assets Identified

The following table presents the intangible assets identified in the transaction:

Category	Estimated fair value (in thousands)		Estimated useful life (in years)
Customer relationships		10,130		9.5
Internally-developed IP, processes and recipes		4,820		15.0
Trade name/Trademarks		1,500		10.0
Total identifiable intangible assets	$	16,450

Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information assumes the acquisition of Adesis occurred at the beginning of the respective periods presented (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
Unaudited Pro Forma Information	2016			2015		2016		2015
Revenue	$	30,347		$	40,698	$	127,970	$	133,319
Net income		(2,241	)		5,903		19,821		(1,752	)