Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v2.4.1.9
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2014
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 December 31, 2013 (in thousands):

 

Sales

 $ 36,452   

Operating Income

 $ 122   
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.

 

(in thousands, except earnings per share)

    2013      2012  

Sales

    $ 386,170       $ 344,233   

Net income

    $ 29,456       $ 24,348   

Basic earnings per share

    $ 1.40       $ 1.18   

Diluted earnings per share

    $ 1.34       $ 1.12   
Astronics Test Systems [Member]  
Allocation of Purchase Price Based on Appraised Fair Values

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

 

Accounts Receivable

 $ 10,593   

Inventory

   58,796   

Other Current and Non-current Assets

   725   

Fixed Assets

   17,100   

Purchased Intangible Assets

   10,123   

Current Portion of Long Term Debt

   (1,124 ) 

Accounts Payable

   (11,303 ) 

Accrued Expenses and Other Current Liabilities

   (3,489 ) 

Long-term Debt

   (11,976 ) 
  

 

 

  

Total Purchase Price

 $ 69,445