ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of unaudited pro forma financial information

	For the year ended
	December 31,
	2018		2017
Revenues	$	351,952	$	286,327
Net income	$	17,830	$	8,101
Diluted earnings per share	$	1.90	$	0.87

TCI

Schedule of purchase price allocation and estimated fair value of the assets acquired

The preliminary allocation of the purchase price paid for TCI is based on estimated fair values of the assets acquired and liabilities assumed of TCI as of December 6, 2018 (in thousands):

Inventory	$	4,332
Accounts receivable		5,822
Other assets, net		303
Property, plant and equipment		3,464
Amortizable intangible assets		36,400
Goodwill		17,843
Current liabilities		(4,064)
Net purchase price	$	64,100

Maval OE Steering

Schedule of purchase price allocation and estimated fair value of the assets acquired

The following table represents the purchase price allocation and summarizes the aggregate estimated fair value of the assets acquired (in thousands):

	January 19, 2018
Intangible assets	$	3,870
Goodwill		6,001
Assets acquired (net of liabilities assumed)		3,441
Fair value of net assets acquired	$	13,312