Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the net assets acquired and liabilities assumed as of the acquisition date, including all measurement period adjustments (in thousands):



	Final valuation at December 31, 2016
Cash	$	7,759
Accounts receivable	12,476
Inventories	13,134
Prepaid expenses	885
Deferred tax assets	1,303
Property, plant and equipment	3,372
Intangible assets	63,100
Total assets acquired	102,029

Accounts payable	6,497
Accrued liabilities	2,968
Warranty obligations	5,550
Deferred tax liabilities, non-current	21,033
Other non-current liabilities	390
Total liabilities assumed	36,438

Net identifiable assets acquired	65,591
Goodwill	59,705
Net assets acquired	$	125,296

Business Acquisition, Pro Forma Information

The following table reflects the unaudited pro forma consolidated results of operations for the periods presented, as though the acquisition of Octane had occurred on January 1, 2014 (in thousands, except per share amounts):



		(unaudited)
		Year Ended December 31,
		2016		2015
Net sales		$	406,039	$	400,078
Net income		35,683		29,352
Net income per share:
	Basic	$	1.15	$	0.94
	Diluted	1.14		0.93