Acquisitions and Strategic Investments (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price was preliminarily allocated to the net tangible and intangible assets acquired and liabilities assumed, based on available information, as follows (in thousands):



Assets Acquired
Trade receivables	4,054
Other receivables	6
Inventories	8,674
Prepaid expenses	630
Property and equipment	1,739
Other long-term assets	145
Intangibles
Developed technology	67,600
Customer lists	2,400
Trademarks	4,400
Goodwill	26,029
Total assets acquired	115,677

Liabilities Assumed
Trade payables	(1,790	)
Accrued expenses	(5,705	)
Deferred income tax liabilities - current	(603	)
Deferred income tax liabilities - noncurrent	(10,829	)
Total liabilities assumed	(18,927	)

Net assets acquired, net of cash received of $1,327	96,750

The purchase price was allocated as follows (in thousands):



Assets Acquired
Inventories		2,455
Fixed Assets		290

Intangibles
Developed Technology		12,100
Trademarks		700
Customer Lists		400
Goodwill		2,555

Total assets acquired		18,500

Summary of Unaudited Consolidated Results of Operations, Including Proforma Results

The following table summarizes our unaudited consolidated results of operations for the three and nine-month periods ended September 30, 2015, as well as unaudited pro forma consolidated results of operations as though the Acquisition had occurred on January 1, 2015 (in thousands, except per common share amounts):



	Three Months Ended				Nine Months Ended
	September 30, 2015				September 30, 2015
	As Reported		Pro Forma		As Reported		Pro Forma
Net Sales	$	136,086	$	144,344	$	403,745	$	428,881
Net Income	4,818		673		17,393		5,190
Earnings per common share:
Basic	$	0.11	$	0.02	$	0.40	$	0.12
Diluted	$	0.11	$	0.02	$	0.39	$	0.12