ACQUISITIONS (Tables) - Dynamic Controls

9 Months Ended

Sep. 30, 2020

ACQUISITIONS

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

The preliminary allocation of the purchase price paid for Dynamic Controls is based on estimated fair values of the assets acquired and liabilities assumed of Dynamic Controls as of March 7, 2020 is as follows (in thousands):

Cash and cash equivalents	$	11,437
Accounts receivable		4,129
Inventory		3,329
Other assets, net		769
Property, plant and equipment		1,185
Right of use assets		2,735
Intangible assets		7,800
Goodwill		6,629
Current liabilities		(7,354)
Lease liabilities		(2,739)
Net deferred income tax liabilities		(1,755)
Net purchase price	$	26,165

Schedule of unaudited pro forma financial information

	Three months ended				Nine months ended
	September 30,				September 30,
	2020		2019		2020		2019
Revenues	$	94,653	$	104,277	$	278,858	$	306,191
Net income	$	3,976	$	4,805	$	11,569	$	12,762
Earnings per share - basic	$	0.42	$	0.51	$	1.22	$	1.36
Earnings per share - diluted	$	0.42	$	0.51	$	1.21	$	1.35