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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Autocam [Member]  
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

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

 

Fair value of assets acquired and liabilities assumed on August 29, 2014    September 30,
2014
     2014
adjustments
to fair value
     December 31,
2014
 

Current assets

   $ 88,529       $ (1,182    $ 87,347   

Property, plant, and equipment

     146,120         7,065         153,185   

Intangible assets subject to amortization

     51,098         562         51,660   

Investment in joint venture

     35,595         —           35,595   

Other non-current assets

     2,170         3,898         6,068   

Goodwill

     77,548         (3,556      73,992   
  

 

 

    

 

 

    

 

 

 

Total assets acquired

$ 401,060    $ 6,787      407,847   

Current liabilities

$ 34,320    $ 6,963    $ 41,283   

Current maturities of long-term debt

  6,547      —        6,547   

Non-current deferred tax liabilities

  46,998      (486   46,512   

Obligations under capital lease

  18,350      —        18,350   

Long-term debt, net of current portion

  4,263      —        4,263   

Other non-current liabilities

  2,028      310      2,338   
  

 

 

    

 

 

    

 

 

 

Total liabilities assumed

$ 112,506    $ 6,787    $ 119,293   
  

 

 

    

 

 

    

 

 

 

Net asset acquired

$ 288,554    $ —      $ 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.

 

     Year ended December 31,  
     2014      2013  

Pro forma sales

   $ 659,652       $ 606,690   

Pro forma net income

   $ 19,573       $ 3,307   
Other Acquisitions [Member]  
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

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

 

Assets acquired and liabilities assumed

   September
30, 2014
     2014
adjustments
to fair value
     December
31, 2014
 

Current assets

   $ 5,688       $ (123    $ 5,565   

Property, plant, and equipment

     15,367         (31      15,336   

Intangible assets subject to amortization

     2,705         —           2,705   

Goodwill

     2,038         456         2,494   
  

 

 

    

 

 

    

 

 

 

Total assets acquired

$ 25,798    $ 302    $ 26,100   

Current liabilities

$ 4,803    $ 302    $ 5,105   
  

 

 

    

 

 

    

 

 

 

Total liabilities assumed

$ 4,803    $ 302    $ 5,105   
  

 

 

    

 

 

    

 

 

 

Net asset acquired

$ 20,995    $ —      $ 20,995