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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
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)    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   
  

 

 

   

 

 

   

 

 

   

 

 

 
     AT Films     Microfluidics     CVI MG     Total  
     (In thousands)  

Accounts receivable

   $ 947      $ 1,760      $ 23,978      $ 26,685   

Inventory

     852        2,226        52,868        55,946   

Other current assets, net of cash acquired

     73        816        7,562        8,451   

Property, plant and equipment

     5,019        567        31,049        36,635   

Goodwill

     18,220        5,853        208,540        232,613   

Intangible assets

     11,435        9,717        115,777        136,929   

Other assets

     2,731        548        2,112        5,391   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total assets acquired

     39,277        21,487        441,886        502,650   

Total liabilities assumed

     (4,766     (2,951     (48,572     (56,289
  

 

 

   

 

 

   

 

 

   

 

 

 

Net assets acquired

   $ 34,511      $ 18,536      $ 393,314      $ 446,361   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     2010  
     (In thousands)  

Current assets, net of cash acquired

   $ 24,679   

Property, plant and equipment

     18,344   

Goodwill

     45,915   

Intangible assets

     29,861   

Other assets

     2,906   
  

 

 

 

Total assets acquired

     121,705   

Total liabilities assumed

     (30,439
  

 

 

 

Net assets acquired

   $ 91,266   
  

 

 

 
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      
  

 

 

    

 

   Total      Weighted
Average
Life
 

Patents

   $ 3,017         10   

Trade names

     4,168         15   

Customer relationships

     53,895         7   

Non-compete agreements

     793         2   

Unpatented technology

     28,048         6   
  

 

 

    

2011 acquired intangible assets

   $ 89,921      
  

 

 

    

 

     Total      Weighted
Average
Life
 

Trade names

   $ 6,802         13   

Customer relationships

     14,832         8   

Unpatented technology

     7,951         14   

Non-compete agreements

     276         3   
  

 

 

    

2010 acquired intangible assets

   $ 29,861