Business Combinations (Tables)

3 Months Ended

Mar. 29, 2013

Unaudited Pro forma Information

The following unaudited pro forma information presents the combined financial results for the Company and NDS as if the acquisition of NDS had been completed as of January 1, 2012 (in thousands, except per share information):

	Three Months Ended
	March 29, 2013		March 30, 2012
Sales	$	84,206	$	86,716
Income from continuing operations	$	2,383	$	1,462
Earnings per share - Basic	$	0.07	$	0.04
Earnings per share - Diluted	$	0.07	$	0.04

Total Purchase Price Allocation

Based upon a preliminary valuation, the total purchase price allocation was as follows (in thousands):

	Estimated Purchase Price Allocation
Accounts receivable	$	10,327
Inventory		14,214
Property and equipment		2,812
Intangible assets		37,003
Other assets		2,018
Goodwill		28,693
Total assets acquired		95,067
Accounts payable		4,768
Accrued expenses		6,418
Deferred tax liabilities		315
Other liabilities assumed		913
Total liabilities assumed		12,414
Total net assets acquired	$	82,653

Fair Value of Intangible Assets

The preliminary fair value of intangible assets is comprised of the following (in thousands, except for amortization period):

	Estimated Fair Value		Amortization Period
Customer relationships	$	21,505		20 years
Developed technology		6,689		10 years
Trademarks and tradenames		7,565		20 years
Backlog		1,244		Less than 1 year
Total	$	37,003