Business combination (Tables)

3 Months Ended

Mar. 31, 2016

Summary of Purchase Accounting and Tangible and Intangible Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the assets acquired and liabilities assumed as of the acquisition date and subsequent adjustments (in thousands):


Total purchase consideration:
Cash paid	$	1,500
Notes payable		15,482
Total	$	16,982
Fair value of assets acquired:
Accounts receivable	$	9,274
Inventories		1,693
Prepaid expenses and other current assets		670
Property, plant and equipment		6,917
Intangible assets acquired:
Developed technology		4,100
Customer relationships		700
Total	$	23,354

Less: fair value of liabilities assumed:
Accounts payable	$	(7,427)
Accrued liabilities		(60)
Total	$	(7,487)
Goodwill	$	1,115

Purchase Price Allocation of Intangible Assets

The following table presents details of the purchase price allocated to the acquired intangible assets at the acquisition date:


	Useful		Purchased
	Life		intangible assets
	(In years)		(In thousands)
Developed technology	7	$	4,100
Customer relationships	2		700
Total purchased intangible assets		$	4,800

Pro forma Information for Business Acquisition

The unaudited pro forma results do not assume any operating efficiencies as a result of the consolidation of operations (in thousands, except per share data):


	Three Months Ended
	March 31,
	2016		2015
Revenue	$	99,145	$	81,384
Net income	$	2,310	$	191
Basic net income per share	$	0.06	$	0.01
Diluted net income per share	$	0.05	$	0.01