Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables)
 9 Months Ended
Sep. 28, 2013
Business Combinations [Abstract]  
Preliminary Allocation of Purchase Price Based on Appraised Fair Values

The preliminary allocation of the purchase price based on appraised fair values is estimated as follows (in thousands):

 

Accounts Receivable

    $ 8,002   

Inventory

      15,473   

Other Current and Long Term Assets

      1,691   

Fixed Assets

      5,153   

Purchased Intangible Assets

      69,000   

Goodwill

      70,793   

Deferred Income Taxes

      (29,998 ) 

Accounts Payable, Accrued Expenses and Long Term Liabilities

      (4,114 ) 
  

 

 

  

Total Purchase Price

    $ 136,000   
  

 

 

  
Summary of Sales and Amounts Included in Income from Operations of Subsidiary in Consolidated Financial Statements of Company

The following is a summary of the sales and amounts included in income from operations for Peco included in the consolidated financial statements of the Company from the date of acquisition to September 28, 2013 (in thousands):

 

Sales

    $ 15,698   

Operating Income

    $ 30   

Consolidated Results of Operation of Company with Acquired Business

The pro forma consolidated results include the impact of certain adjustments, including increased interest expense on acquisition debt, amortization of purchased intangible assets and income taxes.

 

     Nine months Ended      Three Months Ended  
(In thousands)    September 28,
2013
Pro Forma		      September 29,
2012
Pro Forma		      September 28,
2013
Pro Forma		      September 29,
2012
Pro Forma		  

Sales

    $ 280,714       $ 256,571       $ 93,517       $ 87,689   

Net Income

      23,209         17,973         7,278         5,588   

Basic Earnings Per Share

      1.33         1.05         0.42         0.33   

Diluted Earnings Per Share

      1.27         0.99         0.40         0.31