Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Business Acquisition, Pro Forma Information

The following unaudited pro forma consolidated income statement presents the Company’s results as if the acquisitions of IOS and Tew had occurred on January 1, 2015. The 2015 pro forma results include the impact of the current year impairment of goodwill as further described in Note 4:



	Twelve months ended December 31,
	2015
Net sales	$	640,596
Gross profit	138,123
Net loss	(44,399		)
Diluted loss per share
As Reported	$	(4.33	)
Pro forma	$	(4.32	)

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the dates of the acquisition:



Allocation of Purchase Price	November 23, 2015 - Tew Plus			March 13, 2015 - IOS				January 13, 2015 - Tew
Current assets	$	4,420		$	19,877			$	12,125
Other assets	—			708				—
Property, plant, and equipment	47			51,453			*	2,398
Goodwill	822			69,908			*	8,772
Other intangibles	1,074			50,354			*	14,048
Liabilities assumed	(3,597		)	(23,596		)		(6,465		)
Total	$	2,766		$	168,704			$	30,878



*	See Note 4 Goodwill and Other Intangible Assets, and Note 7 Property, Plant, and Equipment, with respect to an impairment of property, plant, and equipment, intangible assets, and goodwill related to this acquisition.

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the estimates of the fair values and amortizable lives of the identifiable intangible assets acquired:



Intangible Asset	November 23, 2015 - Tew Plus		March 13, 2015 - IOS			January 13, 2015 - Tew
Trade name	$	—	$	2,641		$	870
Customer relationships	817		41,171			10,035
Technology	203		4,364			2,480
Non-competition agreements	54		2,178			663
Total identified intangible assets	$	1,074	$	50,354	**	$	14,048



**	See Note 4 Goodwill and Other Intangible Assets, with respect to an impairment of intangible assets related to this acquisition.