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Business Combination (Tables)
 9 Months Ended
Sep. 30, 2017
Business Combinations [Abstract]  
Schedule of Preliminary Purchase Price Allocation
Management's purchase price allocation was the following:
(in thousands)
Estimated Lives
 
Preliminary Fair Value
Accounts receivable
 
 
$
429

Inventories
 
 
1,508

Prepaid expenses and other current assets
 
 
7

Property, plant and equipment
1-4 years
 
14

Current liabilities
 
 
(408
)
Net tangible assets acquired
 
 
1,550

Trade name
8 years
 
400

Customer relationships
10 years
 
5,000

Order backlog
1 year
 
150

Goodwill
 
 
5,494

Total purchase price
 
 
12,594

Less: Contingent consideration
 
 
(3,700
)
Cash paid
 
 
$
8,894
Pro Forma Information
The following unaudited pro forma financial information presents the combined results of our operations and the operations of RCS as if this transaction had occurred on January 1, 2016. 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, 2016, and should not be taken as a projection of the future consolidated results of our operations.
 
Three Months Ended September 30, 2017
 
Nine Months Ended September 30, 2017
(In thousands, except per-share amounts)
2017
 
2016
 
2017
 
2016
Net sales
$
175,652

 
$
170,658

 
$
515,200

 
$
497,172

Net income
1,751

 
7,525

 
6,292

 
16,892

Net income attributable to Universal Electronics Inc.
1,751

 
7,525

 
6,292

 
16,892

Basic earnings per share attributable to Universal Electronics Inc.
$
0.12

 
$
0.52

 
$
0.44

 
$
1.17

Diluted earnings per share attributable to Universal Electronics Inc.
$
0.12

 
$
0.51

 
$
0.43

 
$
1.14