ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2019

TCI

ACQUISITIONS

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	$	3,718
Accounts receivable		5,822
Other assets, net		303
Property, plant and equipment		3,464
Amortizable intangible assets		36,400
Goodwill		18,457
Current liabilities		(4,029)
Net purchase price	$	64,135

Schedule of unaudited pro forma financial information

	Three months ended		Nine months ended
	September 30,2018		September 30, 2018
Revenues	$	91,436	$	270,261
Net income	$	5,348	$	14,889
Diluted earnings per share	$	0.57	$	1.59

Maval OE Steering

ACQUISITIONS

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