Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2015

The purchase price allocation is preliminary, pending completion of the full valuation report and a final working capital adjustment to be agreed upon between the Company and the sellers. A summarized preliminary purchase price allocation follows:



(in thousands)
Cash	$	880
Accounts receivable	14,699
Inventory	25,094
Other assets	6,155
Intangibles	53,091
Goodwill	45,494
Property, plant, and equipment	27,426
Accounts payable	(17,075		)
Other current liabilities	(4,521		)
Long-term debt	—
Other non-current liabilities	(26,035		)
Total purchase price	$	125,208

Schedule of Acquired Intangible Assets

Details of the intangible assets acquired are as follows:



(in thousands)	Fair Value		Useful Life
Unpatented technology	$	13,400	10 years
Customer relationships	22,800		10 years
Trade names	15,500		7 to 10 years
Noncompete agreement	1,342		5 years
Favorable leasehold interest	49		5 years
Total identifiable intangible assets	$	53,091	10 years *

*weighted average number of years