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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2014
Autocam [Member]
 
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation for the Autocam merger:

Preliminary fair value of assets acquired

and liabilities assumed on August 29, 2014

 

        

Current assets

   $ 88,529   

Property, plant, and equipment

     146,120   

Intangible assets subject to amortization

     51,098   

Investment in joint venture

     35,595   

Other non-current assets

     2,170   

Goodwill

     77,548   
  

 

 

 

Total assets acquired

   $ 401,060   

Current liabilities

     34,320   

Current maturities of long-term debt

     6,547   

Non-current deferred tax liabilities

     46,998   

Obligations under capital lease

     18,350   

Long-term debt, net of current portion

     4,263   

Other non-current assets

     2,028   
  

 

 

 

Total liabilities assumed

   $ 112,506   
  

 

 

 

Net asset acquired

   $ 288,554   
  

 

 

 
Summary of Unaudited Proforma Information

The provision for income taxes has also been adjusted for all periods, based upon the foregoing adjustments to historical results.

 

     Three Months ended
September 30,
     Nine Months ended
September 30,
 
     2014      2013      2014      2013  

Pro forma sales

   $ 166,979       $ 152,708       $ 505,891       $ 457,466   

Pro forma net income

   $ 4,867       $ 5,436       $ 19,815       $ (224
Other Acquisitions [Member]
 
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values of assets acquired and liabilities assumed at the date of acquisition with any adjustments to fair value since June 30, 2014.

 

Assets acquired and liabilities assumed

   June 30,
2014
     Net Assets
acquired
in third
quarter
     2014
adjustments
to fair value
    September
30, 2014
 

Current assets

   $ 5,347       $ 397       $ (56   $ 5,688   

Property, plant, and equipment

     14,750         274         343        15,367   

Intangible assets subject to amortization

     1,815         1,140         (250     2,705   

Goodwill

     732         1,428         (122     2,038   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total assets acquired

   $ 22,644       $ 3,239       $ (85   $ 25,798   

Current liabilities

   $ 4,749       $ 139       $ (85   $ 4,803   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total liabilities assumed

   $ 4,749       $ 139       $ (85   $ 4,803   
  

 

 

    

 

 

    

 

 

   

 

 

 

Net asset acquired

   $ 17,895       $ 3,100       $ —        $ 20,995