Business Combinations (Tables)

12 Months Ended

Dec. 31, 2016

Reach Technology Inc.

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The final purchase price allocation is as follows (in thousands):

	Amount
Cash	$	238
Accounts receivable		991
Inventory		1,611
Prepaid expenses and other current assets		12
Intangible assets		3,953
Goodwill		4,715
Total assets acquired		11,520
Accounts payable		280
Other liabilities		148
Deferred tax liabilities		1,474
Total liabilities assumed		1,902
Total assets acquired, net of liabilities assumed		9,618
Less: cash acquired		238
Total purchase price, net of cash acquired	$	9,380

Fair Value of Intangible Assets

The fair value of intangible assets is comprised of the following (dollar amounts in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Customer relationships	$	2,770	15 years
Developed technology		500	7 years
Trademarks and trade names		258	10 years
Backlog		425	1 year
Total	$	3,953

Skyetek, Lincoln Laser and Applimotion

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The final purchase price for Skyetek, Lincoln Laser and Applimotion was allocated as follows (in thousands):

	Amount
Cash	$	331
Accounts receivable		3,166
Inventory		3,544
Prepaid expenses and other current assets		148
Property and equipment		3,220
Intangible assets		11,370
Goodwill		12,668
Other assets		10
Total assets acquired		34,457
Accounts payable		1,681
Other liabilities		1,197
Deferred tax liabilities		2,308
Total liabilities assumed		5,186
Total assets acquired, net of liabilities assumed		29,271
Less: cash acquired		331
Total purchase price, net of cash acquired		28,940
Less: contingent consideration		3,459
Net cash used for acquisition of businesses	$	25,481

Fair Value of Intangible Assets

The fair value of intangible assets for Skyetek, Lincoln Laser and Applimotion is comprised of the following (dollar amounts in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Customer relationships	$	4,266	12 years
Developed technology		4,993	10 years
Trademarks and trade names		593	9 years
Non-compete covenant		684	4 years
Backlog		834	1 year
Total	$	11,370

JADAK Acquisition

Summary of Fair Values of Assets Acquired and Liabilities Assumed Purchase Price Allocation

The final purchase price allocation is as follows (in thousands):

	Amount
Cash	$	1,140
Accounts receivable		7,907
Inventory		6,865
Property and equipment		904
Intangible assets		40,250
Goodwill		44,584
Other assets		2,064
Total assets acquired		103,714
Accounts payable		3,057
Other liabilities		2,380
Deferred tax liabilities		3,481
Total liabilities assumed		8,918
Total assets acquired and liabilities assumed		94,796
Less: cash acquired		1,140
Total purchase price, net of cash acquired	$	93,656

Fair Value of Intangible Assets

The fair value of JADAK intangible assets is comprised of the following (in thousands):

			Weighted Average
	Estimated Fair		Amortization
	Value		Period
Customer relationships	$	23,570	20 years
Developed technology		10,910	10 years
Trademarks and trade names		2,130	10 years
Backlog		1,810	1 year
Non-compete covenant		1,830	5 years
Total	$	40,250