Business Acquisitions (Tables)

9 Months Ended

Sep. 30, 2015

The purchase price allocation is preliminary and is subject to final working capital adjustments with the sellers in the fourth quarter. The allocation is summarized below:



(in thousands)
Cash	$	880
Accounts receivable	14,699
Inventory	25,094
Other assets	6,155
Intangibles	53,091
Goodwill	45,706
Property, plant, and equipment	27,478
Accounts payable	(17,075		)
Other current liabilities	(4,521		)
Other non-current liabilities	(26,035		)
Total purchase price	$	125,472

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