BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2018

BUSINESS COMBINATIONS

Summary of preliminary purchase price allocation based on estimated fair values of assets acquired and liabilities assumed as of the acquisition date

The purchase price allocation as of March 31, 2017 and December 31, 2017 is as follows (in thousands):

		Allocation as of 3/31/2017		Measurement Period Adjustments		Allocation as of 12/31/2017
Assets acquired and liabilities assumed:
Cash and cash equivalents	$	63	$	(63)	$	-
Receivables		2,796		(96)		2,700
Inventories		4,998		179		5,177
Property and equipment		462		-		462
Noncompete agreements		170		-		170
Customer relationships		12,000		-		12,000
Trade names		1,100		-		1,100
Goodwill		5,568		(575)		4,993
Accounts payable		(1,354)		2		(1,352)
Accrued expenses		(809)		(67)		(876)
Deferred tax liabilities		(5,391)		-		(5,391)
Total purchase price	$	19,603	$	(620)	$	18,983