Business Combinations (Tables)

9 Months Ended

Sep. 27, 2013

Acquisition Related Costs Recognized in Consolidated Statements of Operations

The Company recognized acquisition-related costs which are included in restructuring costs and other in the consolidated statements of operations, as follows (in thousands):

	Three Months Ended		Nine Months Ended		Cumulative Costs
	September 27, 2013		September 27, 2013		September 27, 2013
Acquisition-related charges	$	45	$	1,131	$	1,816

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

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

	Purchase Price Allocation
Accounts receivable	$	10,327
Inventory		14,144
Property and equipment		2,426
Intangible assets		37,817
Other assets		1,782
Goodwill		26,509
Total assets acquired		93,005
Accounts payable		4,768
Accrued expenses		6,217
Deferred tax liabilities		315
Other liabilities assumed		932
Total liabilities assumed		12,232
Total net assets acquired	$	80,773

Fair Value of Intangible Assets

The preliminary fair value of intangible assets is comprised of the following (in thousands):

	Estimated Fair Value		Weighted Average Amortization Period
Customer relationships	$	22,294		20 years
Developed technology		6,689		10 years
Trademarks and tradenames		7,565		20 years
Backlog		1,269		1 year
Total	$	37,817

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				Nine Months Ended
	September 27, 2013		September 28, 2012		September 27, 2013		September 28, 2012
Sales	$	85,484	$	88,838	$	254,997	$	267,373
Income from continuing operations, net of tax	$	2,881	$	2,194	$	5,826	$	8,513
Earnings per share - Basic	$	0.08	$	0.06	$	0.17	$	0.25
Earnings per share - Diluted	$	0.08	$	0.06	$	0.17	$	0.25