ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2013

Business Combination Allocation Of Purchase Price [Line Items]

Purchase Price Allocation

The aggregate purchase price of $377.0 million was allocated to the opening balance sheet of Walker at May 8, 2012, the date of acquisition, as follows (in thousands):

Cash	$	10,982
Current assets		93,409
Property, plant and equipment		32,541
Intangibles		162,800
Deferred income taxes		4,640
Goodwill		148,498
Total assets	$	452,870
Current liabilities	$	(74,722)
Deferred income taxes		(1,100)
Total liabilities	$	(75,822)
	$	377,048
Acquisition, net of cash acquired	$	366,066

Intangible Assets

Intangible assets of $162.8 million were recorded as a result of the acquisition. The intangible assets consist of the following (in thousands):

	Amount		Useful Life
Backlog	$	900	Less than 1 year
Tradenames and Trademarks		27,600	20 years
Technology		15,300	12 years
Customer relationships		119,000	10 years
	$	162,800

Unaudited Pro Forma Information

The following unaudited pro forma information is shown below as if the acquisition of Walker had been completed as of the beginning of the earliest period presented (in thousands, except per share amounts):

	Three Months Ended June 30, 2012		Six Months Ended June 30, 2012
Sales	$	401,142	$	776,155
Operating income	$	26,372	$	47,058
Net income	$	17,442	$	29,957
Basic net income per share	$	0.26	$	0.44
Diluted net income per share	$	0.25	$	0.44

Beall Corporation

Business Combination Allocation Of Purchase Price [Line Items]

Purchase Price Allocation

The aggregate consideration paid by the Company for the acquired assets and the assumed liabilities was $13.9 million, subject to post-closing purchase price adjustments related to the acquired working capital, and was preliminarily allocated to the opening balance sheet as follows (in thousands):

Current assets	$	1,023
Property, plant and equipment		2,714
Intangibles		8,860
Goodwill		1,796
Total assets	$	14,393
Current liabilities	$	(462)
Total liabilities	$	(462)
Acquisition	$	13,931

Intangible Assets

Intangible assets of $8.9 million were recorded as a result of the purchase of the Beall assets. The intangible assets preliminarily consist of the following (in thousands):

	Amount		Useful Life
Tradenames and Trademarks	$	1,622	20 years
Technology		1,217	8 years
Customer relationships		6,021	8 years
	$	8,860