ACQUISITIONS (Table)

12 Months Ended

Dec. 31, 2013

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(In thousands)	BASF			IMR			Total
Accounts receivable	$	—		$	2,050		$	2,050
Inventory	1,514			—			1,514
Property, plant, and equipment	12,774			3,125			15,899
Other current assets	—			133			133
Intangible assets	3,000			3,830			6,830
Current liabilities	(263		)	(505		)	(768		)
Net tangible and intangible assets	17,025			8,633			25,658
Purchase price	20,501			21,801			42,302
Goodwill	$	3,476		$	13,168		$	16,644

Tax deductible goodwill	$	3,476		$	13,168



(in thousands)	2013			2012			2011
Accounts receivable	$	25,972		$	53,753		$	19,078
Inventory	30,930			52,225			23,813
Property, plant, and equipment	18,066			40,915			22,526
Other current assets	3,229			7,244			1,182
Intangible assets	102,751			182,681			53,717
Current and non-current liabilities	(19,599		)	(44,617		)	(13,510		)
Pension and postretirement benefits	(6,472		)	(8,144		)	—
Deferred income taxes	(19,920		)	(51,830		)	(2,303		)
Debt assumed	—			(13,819		)	—
Due to seller	(2,856		)	(240		)	—
Net tangible and intangible assets	132,101			218,168			104,503
(Gain on Bargain Purchase)	—			(910		)	—
Purchase price	236,135			462,416			183,328
Goodwill	$	104,034		$	245,158		$	78,825



(In thousands)	South Bend			ACRA			PSI			Total
Accounts receivable	$	1,635		$	8,901		$	862		$	11,398
Inventory	2,990			6,539			1,856			11,385
Property, plant, and equipment	727			1,600			2,100			4,427
Other current assets	32			456			67			555
Intangible assets	3,500			17,054			4,700			25,254
Current and non-current liabilities	(648		)	(6,048		)	(190		)	(6,886		)
Deferred income taxes	—			(2,303		)	—			(2,303		)
Net tangible and intangible assets	8,236			26,199			9,395			43,830
Purchase price	11,175			61,053			13,503			85,731
Goodwill	$	2,939		$	34,854		$	4,108		$	41,901

Tax deductible goodwill	$	2,939		$	—		$	4,108



(In thousands)	Anatec			Douglas			Total
Accounts receivable	$	4,685		$	945		$	5,630
Inventory	—			10,914			10,914
Property, plant, and equipment	1,581			619			2,200
Other current assets	185			309			494
Intangible assets	14,936			6,697			21,633
Current liabilities	(818		)	(5,038		)	(5,856		)
Net tangible and intangible assets	20,569			14,446			35,015
Purchase price	35,201			20,094			55,295
Goodwill	$	14,632		$	5,648		$	20,280

Tax deductible goodwill	$	14,632		$	5,648

The purchase price of the acquisitions has been allocated to the net tangible and intangible assets acquired with the remainder recorded as goodwill on the basis of estimated fair values, as follows:



(In thousands)	Parvus			Arens			Total
Accounts receivable	$	3,639		$	9,441		$	13,080
Inventory	5,122			5,349			10,471
Property, plant, and equipment	435			4,787			5,222
Other current assets	104			972			1,076
Intangible assets	15,000			43,100			58,100
Current and non-current liabilities	(3,854		)	(7,991		)	(11,845		)
Deferred income taxes	(5,518		)	—			(5,518		)
Due to seller	(484		)	—			(484		)
Net tangible and intangible assets	14,444			55,658			70,102
Purchase price	37,059			95,612			132,671
Goodwill	$	22,615		$	39,954		$	62,569

Tax deductible goodwill	$	—		$	39,954

The purchase price of the acquisition has been allocated to the net tangible and intangible assets acquired with the remainder recorded as goodwill on the basis of estimated fair values, as follows:



(In thousands)	Phönix			Gulf 33			Ovalpath			Total
Accounts receivable	$	12,226		$	581		$	85		$	12,892
Inventory	20,358			101			—			20,459
Property, plant, and equipment	12,575			269			—			12,844
Other current and non-current assets	2,153			—			—			2,153
Intangible assets	42,791			1,260			600			44,651
Current and non-current liabilities	(7,497		)	(239		)	(18		)	(7,754		)
Pension and postretirement benefits	(6,472		)	—			—			(6,472		)
Deferred income taxes	(14,402		)	—			—			(14,402		)
Due to seller	—			(622		)	(1,750		)
Net tangible and intangible assets	61,732			1,350			(1,083		)	64,371
Purchase price	97,886			3,328			2,250			103,464
Goodwill	$	36,154		$	1,978		$	3,333		$	41,465

Tax deductible goodwill	$	—		$	1,978		$	3,333



(In thousands)	PG Drives			Williams Controls			Exlar			Total
Accounts receivable	$	7,596		$	10,383		$	5,852		$	23,831
Inventory	10,541			10,434			8,039			29,014
Property, plant, and equipment	1,589			16,137			4,902			22,628
Other current assets	220			4,518			1,684			6,422
Intangible assets	25,200			44,000			36,400			105,600
Current and non-current liabilities	(4,739		)	(11,131		)	(6,061		)	(21,931		)
Pension and postretirement benefits	—			(8,144		)	—			(8,144		)
Deferred income taxes	(244		)	(14,820		)	(14,849		)	(29,913		)
Debt assumed	—			(13,819		)	—			(13,819		)
Net tangible and intangible assets	40,163			37,558			35,967			113,688
Purchase price	63,219			109,077			84,708			257,963
Goodwill	$	23,056		$	71,519		$	48,741		$	144,275

Tax deductible goodwill	$	23,056		$	—		$	—



(In thousands)	Gartner
Accounts receivable	$	5,411
Inventory	1,599
Property, plant, and equipment	6,705
Intangible assets	9,400
Current and non-current liabilities	(56		)
Due to seller	—
Net tangible and intangible assets	23,059
Purchase price	35,497
Goodwill	$	12,438

Tax deductible goodwill	$	12,438



(In thousands)	AP Services			Cimarron			Other Flow			Total
Accounts receivable	$	2,805		$	21,706		$	—		$	24,511
Inventory	2,389			18,987			236			21,612
Property, plant, and equipment	3,488			8,094			—			11,582
Other current assets	204			618			—			822
Intangible assets	8,000			55,000			4,681			67,681
Current and non-current liabilities	(1,121		)	(21,434		)	(75		)	(22,630		)
Deferred income taxes	(3,064		)	(18,853		)	—			(21,917		)
Due to seller	—			—			(240		)	(240		)
Net tangible and intangible assets	12,701			64,118			4,602			81,421
Gain on bargain purchase	—			—			(910		)	(910		)
Purchase price	30,360			132,581			6,974			170,176
Goodwill	$	17,659		$	68,463		$	3,282		$	89,665

Tax deductible goodwill	$	13,554		$	—		$	3,282

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(In thousands, except per share data)	2013		2012
Net sales	$	2,580,394	$	2,548,727
Net earnings from continuing operations	144,341		99,051
Diluted earnings per share from continuing operations	3.01		2.09