Acquisition (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table represents the preliminary fair market values assigned to the acquired assets and liabilities in the transaction. On a preliminary basis, we recorded goodwill, primarily related to the expected synergies from combining operations and the value of the existing workforce. We also recorded intangible assets related to the trademarks, technology and customer relationships. As of the filing date of this Form 10-Q, the process of valuing the net assets of the business is substantially complete, however, goodwill is subject to change, based on the finalization of acquisition accounting.



(Dollars in thousands)
	January 22, 2015
Assets:
Cash	$	142
Accounts receivable	17,301
Other current assets	856
Inventory	10,029
Deferred income tax assets, current	1,035
Property, plant & equipment	30,807
Intangible assets	50,020
Goodwill	85,379
Total assets	195,569

Liabilities:
Accounts payable	4,958
Other current liabilities	4,249
Deferred tax liability	23,706
Other long-term liabilities	4,555
Total liabilities	37,468

Fair value of net assets acquired	$	158,101

Pro Forma Information

The following unaudited pro forma financial information presents the combined results of operations of Rogers and Arlon for the three months ended March 31, 2014, as if the acquisition had occurred on January 1, 2014. The unaudited pro forma financial information is not intended to represent or be indicative of our consolidated results of operations or financial position that would have been reported had the Arlon acquisition been completed as of January 1, 2014 and should not be taken as indicative of our future consolidated results of operations or financial position.



	Three months ended March 31, 2014
(Dollars in thousands)
Net sales	$	173,000
Net income	$	17,393