Acquisitions (Tables)

9 Months Ended

Sep. 30, 2017

Summary of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of assets acquired and liabilities assumed and the purchase price for NII and Unaflex. The final purchase accounting and purchase price allocation remain subject to change as the Company continues to refine its preliminary valuation of certain acquired assets and the valuation of acquired intangibles.



	NII			Unaflex
(In thousands)	July 5, 2017			August 14, 2017

Net Assets Acquired:
Cash and Cash Equivalents	$	2,219		$	—
Accounts Receivable	6,542			2,079
Inventories	26,181			1,903
Property, Plant, and Equipment	12,981			1,357
Other Assets	1,732			90
Definite-Lived Intangible Assets
Product technology	17,100			2,300
Customer relationships	44,700			8,000
Other	2,540			900
Indefinite-Lived Intangible Assets
Tradenames	8,500			—
Goodwill	84,606			15,277
Total assets acquired	207,101			31,906

Accounts Payable	4,970			358
Customer Deposits	7,396			100
Long-Term Deferred Tax Liability	17,073			—
Other Liabilities	4,788			174
Total liabilities assumed	34,227			632
Net assets acquired	$	172,874		$	31,274

Purchase Price:
Cash	$	4,990		$	—
Cash Paid to Seller Borrowed Under the Revolving Credit Facility	170,018			31,274
Post-closing Adjustment	(2,134		)	—
Total purchase price	$	172,874		$	31,274

Unaudited Supplemental Pro Forma Information

Had the acquisitions of NII and Unaflex been completed as of the beginning of 2016, the Company’s pro forma results of operations for the nine months ended September 30, 2017 and October 1, 2016 would have been as follows:



	Nine Months Ended
(In thousands, except per share amounts)	September 30, 2017		October 1, 2016
Revenues	$	416,570	$	383,450

Net Income Attributable to Kadant	$	40,929	$	20,680

Earnings per Share Attributable to Kadant:
Basic	$	3.73	$	1.91
Diluted	$	3.63	$	1.86