Acquisition (Tables)

9 Months Ended

Sep. 30, 2015

Acquisition Tables

Schedule of Assets Acquired and Liabilities Assumed

Based on a preliminary purchase price allocation as described above, we recorded the following estimated fair values of the certain assets acquired and liabilities assumed at the date of the En Pointe acquisition (in thousands):

Purchase price paid	$	17,295
Inventories		4,004
Prepaid expenses and other current assets		1,598
Property and equipment		439
Intangible assets:
Customer relationships(1)		4,500
Trademarks and trade names(2)		2,000
Non-compete agreements(3)		1,860
Total intangible assets		8,360
Other long-term assets		115
Total assets acquired		14,516
Accounts payable		2,157
Accrued liabilities		1,489
Earn-out liabilities		32,500
Deferred revenue		276
Total liabilities assumed		36,422
Goodwill(4)	$	39,201

(1)	Estimated useful life of this asset is 20 years.
(2)	Estimated useful life of this asset is 3 years.
(3)	Estimated useful life of this asset is 4 years.
(4)	This goodwill acquired as part of the En Pointe acquisition is recorded as part of our Commercial and Public Sector segments.
	See Note 5 below for more information.

Schedule of Operations on Pro Forma Basis

The following table sets forth our results of operations on a pro forma basis as though the En Pointe acquisition had been completed as of the beginning of the periods presented (in thousands, except per share amounts):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
Net sales	$	404,933		$	453,785	$	1,297,790		$	1,301,031
Operating profit (loss)		956			3,677		(2,450	)		16,693
Income (loss) from continuing operations		(483	)		1,569		(3,281	)		7,774
Net income (loss)		(785	)		1,312		(3,540	)		6,672
Basic and Diluted Earnings (Loss) Per Common Share
Basic	$	(0.07	)	$	0.11	$	(0.29	)	$	0.55
Diluted		(0.07	)		0.10		(0.29	)		0.52
Weighted average number of common shares outstanding:
Basic		11,976			12,367		12,101			12,217
Diluted		11,976			12,954		12,101			12,871