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Acquisitions
6 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Acquisitions

19.  On June 6, 2017, the Company’s principal operating subsidiary, Amvac Chemical Corporation, completed an acquisition of certain assets relating to the abamectin, chlorothalonil and paraquat product lines from a group of companies, including Adama Agricultural Solutions, Ltd.  The consideration for the acquired assets was paid in cash and has initially been fully allocated to inventory and intangible assets.  The Company expects to finalize its allocations in accordance with ASC 805 during the third quarter of 2017.

 

The acquisitions were made because the acquired products fit with the Company’s strategy to provide growers with a complete range of chemical solutions. The contribution of the acquired products was included in the Company’s result of operation from June 6, 2017 (the date of acquisition) and in the condensed consolidated balance sheet as of June 30, 2017.  The purchase price is not material to the condensed consolidated financial statements.  For the three and six months ended June 30, 2017, the proforma results are not provided because the amounts are not material to the Company’s revenues, cash flows and net income.