Note 5 - Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Estimated Fair Value of the Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the acquisition date. Cambrex obtained third-party valuations of certain tangible and intangible assets resulting in the balances shown below. Goodwill and deferred income taxes are subject to change as the Company is waiting for the completion of certain pre-acquisition tax returns, therefore these balances are provisional.

	September 12, 2018
Cash	$	2,792
Account receivable and Contract assets		14,045
Inventory		8,264
Other current assets		896
Property, plant and equipment		78,489
Goodwill		219,294
Intangible assets (Customer relationships)		180,000
Total assets acquired		503,780
Current liabilities		15,407
Noncurrent liabilities		60,984
Total liabilities assumed	$	76,391

Schedule of Unaudited Proforma Revenue and Earnings

The following table represents unaudited pro forma revenue and earnings as if Halo had been included in the consolidated results of the Company for the entire years ending December 31, 2018 and 2017.

	2018		2017
Net revenue	$	599,041	$	630,184
Income from continuing operations		86,217		96,479