Acquisition (Tables)

6 Months Ended

Jun. 30, 2013

Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing

The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.


$ in thousands
Current assets	$	15,062
Property and equipment		959
Goodwill		8,242
Intangible – finite life, net		13,477
Intangible – indefinite life		2,865

Total assets acquired		40,605
Current liabilities assumed		(8,277	)
Deferred income tax liability		(4,086	)

Net assets acquired	$	28,242

Information of Company's Results of Operations

The following unaudited pro forma information represents the Company’s results of operations as if the acquisition had occurred as of January 1, 2012:


	Three Months Ended June 30				Six Months Ended June 30,
$ in thousands, except per share amounts	2013		2012		2013		2012
Net sales	$	44,433	$	42,011	$	84,150	$	82,162
Net income	$	3,043	$	2,504	$	5,347	$	5,225
Earnings per share:
Basic	$	0.17	$	0.16	$	0.30	$	0.34
Diluted	$	0.17	$	0.14	$	0.29	$	0.30