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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Schedule of Allocation of Acquisition Costs To Assets Acquired and Liabilities Assumed
The allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values, is as follows:
(In thousands)
 
Accounts receivable
$
1,147

Inventory
6,230

Other current assets, net of cash acquired
232

Property, plant and equipment
2,988

Goodwill
7,711

Intangible assets
8,770

Total assets acquired
27,078

Total liabilities assumed
(1,633
)
Net assets acquired
$
25,445

The allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values, is as follows:
(In thousands)
 
Accounts receivable
$
3,454

Inventory
4,524

Other current assets, net of cash acquired
131

Property, plant and equipment
1,357

Goodwill
17,994

Intangible assets
13,016

Total assets acquired
40,476

Total liabilities assumed
(5,939
)
Net assets acquired
$
34,537

The allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values, is as follows:
 
(In thousands)
ERC
 
PPC
 
Matcon
 
Total
Accounts receivable
$
5,766

 
$
877

 
$
7,768

 
$
14,411

Inventory
4,224

 
932

 
604

 
5,760

Other current assets, net of cash acquired
981

 
252

 
1,880

 
3,113

Property, plant and equipment
2,738

 
1,936

 
5,695

 
10,369

Goodwill
8,499

 
13,941

 
27,947

 
50,387

Intangible assets
5,642

 
5,104

 
14,081

 
24,827

Other assets
1,509

 
13

 
53

 
1,575

Total assets acquired
29,359

 
23,055

 
58,028

 
110,442

Total liabilities assumed
(16,074
)
 
(2,465
)
 
(12,215
)
 
(30,754
)
Net assets acquired
$
13,285

 
$
20,590

 
$
45,813

 
$
79,688

Acquired Intangible Assets and Weighted Average Amortization Periods
The acquired intangible assets and weighted average amortization periods are as follows:
(In thousands, except weighted average life)
Total
 
Weighted
Average
Life
Trade names
$
3,304

 
15
Customer relationships
4,393

 
13.5
Unpatented technology
1,073

 
7.5
Total acquired intangible assets
$
8,770

 
 
The acquired intangible assets and weighted average amortization periods are as follows:
(In thousands, except weighted average life)
Total
 
Weighted
Average
Life
Trade names
$
1,005

 
15
Non-compete agreements
224

 
3
Customer relationships
10,950

 
9
Unpatented technology
837

 
8
Total acquired intangible assets
$
13,016

 
 
The acquired intangible assets and weighted average amortization periods are as follows:
 
(In thousands, except weighted average life)
Total
 
Weighted
Average
Life
Trade names
$
8,973

 
15
Non-compete agreements
470

 
3
Customer relationships
11,343

 
6
Unpatented technology
4,041

 
8
2012 acquired intangible assets
$
24,827