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Acquisitions (Tables) - Autocam [Member]
9 Months Ended
Sep. 30, 2015
Summary of Estimated Preliminary Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation for the Autocam merger at September 30, 2014, which was subsequently adjusted on our Annual Report on Form 10-K filed March 16, 2015:

 

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 liabilities

     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