Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.7.0.1
Business Combinations (Tables)
6 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Schedule of Preliminary Purchase Price Allocation
The following table summarizes the preliminary purchase price allocation of the fair value of the assets acquired and liabilities assumed at the date of acquisition, (in thousands):
Cash and cash equivalents
$
5,604

Accounts receivable
28,483

Inventories
23,403

Property and equipment
3,610

Intangible assets
75,755

Goodwill
53,475

Other assets
3,555

Accounts payable
(8,663
)
Accrued liabilities
(14,185
)
Deferred revenue
(767
)
Deferred income tax
(21,023
)
Total purchase price
$
149,247

Unaudited Pro forma Financial Information
The pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of the earliest period presented, nor is it intended to be a projection of future results.
Unaudited Pro forma Financial Information
(in thousands)
 
Three Months Ended 
 June 30,
 
Six Months Ended 
June 30,
 
2017
 
2016
 
2017
 
2016
Revenue
$
122,227

 
$
123,483

 
$
246,887

 
$
238,338

Net income (loss)
$
(2,634
)
 
$
695

 
$
(286
)
 
$
(183
)
 
 
 
 
 
 
 
 
Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
(0.08
)
 
$
0.02

 
$
(0.01
)
 
$
(0.01
)
Diluted
$
(0.08
)
 
$
0.02

 
$
(0.01
)
 
$
(0.01
)
Weighted average shares used in the calculation of earnings per share:
 
 
 
 
 
 
 
Basic
32,529

 
32,438

 
32,507

 
32,521

Diluted
32,529

 
32,983

 
32,507

 
33,118