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Business Combination (Tables)
 3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Purchase Price Allocation
Management's purchase price allocation was the following:
(in thousands)
Estimated Lives
 
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 Financial 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 March 31,
(In thousands, except per-share amounts)
2018
 
2017
Net sales
$
164,698

 
$
161,698

Net income (loss)
(587
)
 
(139
)
Basic earnings (loss) per share
$
(0.04
)
 
$
(0.01
)
Diluted earnings (loss) per share
$
(0.04
)
 
$
(0.01
)