Astronics Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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



Cash	$	213
Accounts Receivable	9,300
Inventory	12,558
Other Current Assets	274
Fixed Assets	1,434
Other Long Term Assets	50
Purchased Intangible Assets	62,200
Goodwill	23,397
Accounts Payable, Accrued Expenses, and Other Current Liabilities	(5,372		)
Total Purchase Price	$	104,054

The preliminary amounts allocated to the purchased intangible assets consist of the following:



(In thousands)	Weighted Average Life	Acquisition Fair Value
Trademark	9 Years	$	1,000
Technology	9 Years	12,000
Backlog	0.4 Years	2,800
Non-compete Agreements	3 - 5 years	8,400
Customer Relationships/Backlog	15 Years	38,000
		$	62,200

Business Acquisition, Pro Forma Information

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.



	UNAUDITED
(in thousands, except earnings per share)	2017		2016
Sales	$	683,541	$	686,143
Net income	$	18,302	$	41,672
Basic earnings per share	$	0.64	$	1.43
Diluted earnings per share	$	0.62	$	1.39