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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2012
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:

 

     ERC     PPC     Matcon     Total  
(In thousands)                         

Accounts receivable

   $ 5,766      $ 877      $ 7,877      $ 14,520   

Inventory

     4,224        932        647        5,803   

Other current assets, net of cash acquired

     607        251        1,508        2,366   

Property, plant and equipment

     2,738        1,936        5,795        10,469   

Goodwill

     10,506        13,986        27,793        52,285   

Intangible assets

     5,642        5,104        14,081        24,827   

Other assets

     67        13        130        210   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total assets acquired

     29,550        23,099        57,831        110,480   

Total liabilities assumed

     (15,939     (2,509     (12,253     (30,701
  

 

 

   

 

 

   

 

 

   

 

 

 

Net assets acquired

   $ 13,611      $ 20,590      $ 45,578      $ 79,779   
  

 

 

   

 

 

   

 

 

   

 

 

 
Acquired Intangible Assets and Weighted Average Amortization Periods

The acquired intangible assets and weighted average amortization periods are as follows:

 

(In thousands)    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