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ACQUISITION (Tables)
9 Months Ended
Sep. 30, 2013
ACQUISITION  
Schedule of preliminary allocation of purchase price to the assets acquired and liabilities assumed

 

 

May 9,

 

 

 

2013

 

 

 

(in thousands)

 

 

 

 

 

Assets Acquired

 

 

 

Accounts receivable

 

5,521

 

Inventory

 

5,357

 

Other current assets

 

1,180

 

Property, plant and equipment

 

6,271

 

Other non-current assets

 

105

 

Trade name, customer list, and other intangible assets

 

14,614

 

Total assets acquired

 

33,048

 

Liabilities Assumed

 

 

 

Accounts payable and other current liabilities

 

3,342

 

Other non-current liabilities

 

1,211

 

Net assets acquired

 

28,495

 

Total estimated purchase price

 

34,504

 

Goodwill

 

$

6,009

 

Schedule of unaudited pro forma effect on operating results

 

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(in thousands)

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Sales

 

$

82,258

 

$

93,790

 

$

245,192

 

$

278,843

 

Net income

 

2,816

 

4,562

 

6,979

 

11,317

 

Diluted earnings per share

 

$

0.24

 

$

0.39

 

$

0.59

 

$

0.97