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Business Combination (Tables)
 9 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Schedule of Preliminary Purchase Price Allocation
Using the acquisition method of accounting, the acquisition date fair value of the consideration transferred was allocated to the net tangible and intangible assets acquired and liabilities assumed based on their estimated fair values on the acquisition date. The excess of the purchase price over the estimated fair value of net assets acquired is recorded as goodwill. The goodwill is expected to be deductible for income tax purposes. Management's preliminary purchase price allocation as of September 30, 2015 was the following:
(in thousands)
Estimated Lives
 
Preliminary Fair Value
Cash and cash equivalents
 
 
$
685

Accounts receivable
 
 
375

Inventories
 
 
1,412

Prepaid expenses and other current assets
 
 
253

Property, plant and equipment
1-4 years
 
16

Non-interest bearing liabilities
 
 
(1,557
)
Net tangible assets acquired
 
 
1,184

Trade name
7 years
 
400

Developed technology
4-14 years
 
9,080

Customer relationships
5 years
 
1,300

Goodwill
 
 
12,781

Total purchase price
 
 
24,745

Noncontrolling interest
 
 
(378
)
Net purchase price
 
 
24,367

Less: Contingent consideration
 
 
(11,200
)
Cash paid
 
 
$
13,167
Pro Forma Information
The following unaudited pro forma financial information presents the combined results of our operations and the operations of Ecolink as if this transaction had occurred on January 1, 2014. This unaudited pro forma financial information is not intended to represent or be indicative of the consolidated results of operations that would have been achieved had the acquisition actually been completed as of January 1, 2014, and should not be taken as a projection of the future consolidated results of our operations.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands, except per-share amounts)
2015
 
2014
 
2015
 
2014
Net sales
$
161,392

 
$
149,310

 
$
444,762

 
$
430,262

Net income
$
6,203

 
$
10,689

 
$
19,505

 
$
23,219

Net income attributable to Universal Electronics Inc.
$
6,197

 
$
10,643

 
$
19,440

 
$
22,795

Basic earnings per share attributable to Universal Electronics Inc.
$
0.41

 
$
0.68

 
$
1.25

 
$
1.45

Diluted earnings per share attributable to Universal Electronics Inc.
$
0.41

 
$
0.66

 
$
1.23

 
$
1.41