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Acquisition (Tables)
12 Months Ended
Dec. 31, 2012
Acquisition [Abstract]  
Allocation of the acquisition consideration to the assets acquired and liabilities assumed as of the date of the acquisition

Our allocation of the acquisition consideration to the assets acquired and liabilities assumed was as follows (in thousands):

 

         

Acquisition consideration

  $ 7,038  

Net assets acquired:

       

Cash and cash equivalents

    1,481  

Other current assets

    1,124  

Property, equipment, and furniture

    103  

Intangible assets—customer relationships

    973  

Intangible assets—non-compete agreements

    206  

Intangible assets—trade names and trademarks

    96  

Current liabilities

    (473

Long-term tax liabilities

    (210
   

 

 

 

Net assets acquired

    3,300  
   

 

 

 

Goodwill

  $ 3,738  
   

 

 

 
Unaudited pro forma results of operations

The unaudited pro forma combined condensed results of operations are presented below as if the MPC acquisition had occurred on January 1, 2011 (in thousands, except per share amounts):

 

         
    Year Ended
December  31,

2011
 

Net sales

  $ 100,638  

Gross profit

  $ 21,157  

Income (loss) from operations

  $ (1,032

Income (loss) before income taxes

  $ (624

Net income (loss)

  $ (445

Basic earnings (loss) per share

  $ (0.05

Diluted earnings (loss) per share

  $ (0.05