Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2013
Business Combinations [Abstract]  
Allocation of Purchase Price Based on Appraised Fair Values

The allocation of purchase price based on appraised fair values was as follows (In thousands):

 

Accounts Receivable

    $ 8,002   

Inventory

      15,473   

Other Current Assets

      1,881   

Fixed Assets

      5,153   

Purchased Intangible Assets

      69,000   

Goodwill

      69,494   

Accounts Payable, Accrued Expenses, and Other Current Liabilities

      (4,114 ) 

Deferred Income Taxes

      (28,889 ) 
  

 

 

  

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 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

    $ 1.68       $ 1.42   

Diluted earnings per share

    $ 1.60       $ 1.34