Acquisitions (Tables)

3 Months Ended

Mar. 31, 2013

Business Acquisition [Line Items]

Assets acquired and liabilities assumed

The following is a tabular summary of the amounts recognized for assets acquired and liabilities assumed as of the three months ending March 31, 2013:

Description	Amount Recognized as of Acquisition Date (Dollars in Thousands)
Working Capital including Cash Acquired	$	8,512
Inventory		6,510
Property, Plant, & Equipment		60,037
Identifiable Intangible Assets		45,131
Total Assets Acquired		120,190
Misc. Payables & Accrued Expenses		(5,469	)
Other Long Term Liability		(1,945)
Total Liabilities Assumed		(7,414	)
Net Assets Acquired		112,776
Total Consideration Transferred		(114,717	)
Goodwill*	$	1,943

* Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes. Specifically, the goodwill recorded as part of the acquisition of UOS includes the following:

The following is a tabular summary of the amounts recognized for assets acquired and liabilities assumed as of three months ending March 31, 2013:

Description	Amount Recognized as of Acquisition Date (Dollars in Thousands)
Working Capital including Cash Acquired	$	18
Inventory		231
Property, Plant, & Equipment		3,411
Identifiable Intangible Assets		490
Total Assets Acquired		4,150
Misc. Payables & Accrued Expenses		(412	)
Long Term Debt		(3,490)
Deferred Tax Liability		(453)
Total Liabilities Assumed		(4,355	)
Net Liabilities Assumed		(205)
Total Consideration Transferred		(623	)
Goodwill*	$	828

* Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes. Specifically, the goodwill recorded as part of the acquisition of FSI and Tower includes the following:

Business Acquisition, Pro Forma Information

The pro forma combined financial statements do not include the realization of any cost savings from anticipated operating efficiencies, synergies, or other restructuring activities which might result from the acquisition. The following table sets forth the pro forma revenues, net earnings attributable to ISH, basic net earnings per share and fully diluted net earnings per share attributable to ISH common stockholders for the three months ended March 31, 2012, (unaudited and in thousands, except share amounts):

	Three Months Ending
	2012
	Pro Forma
Revenues	$	82,270
Net earnings attributable to ISH	$	7,691
Net earnings per share attributable to ISH common stockholders:
Basic	$	1.07
Diluted	$	1.07