Business Combination (Tables)

3 Months Ended

Mar. 31, 2013

Summary of Purchase Accounting and Tangible and Intangible Assets Acquired

The following table summarizes the acquisition accounting and the tangible and intangible assets acquired (in thousands):

Total purchase consideration:
Cash paid upon closing	$	14,087
Net receivable from Lapis		(959	)
Notes payable		11,130
	$	24,258
Liabilities assumed:
Pension and retirement obligations	$	6,471
Other compensation-related liabilities		1,083
Other current liabilities		1,265
	$	8,819
Fair value of assets acquired:
Inventory	$	13,309
Other current assets		35
Land, property, plant and equipment(1)		14,433
Intangible assets acquired:
Developed technology		2,120
Customer relationships		3,180
	$	33,077

⁽¹⁾ Includes land of $3.5 million, buildings of $3.9 million and machinery, equipment, furniture and fixtures of $7.0 million.

Pro forma Information for Business Acquisition

The unaudited financial information in the table below summarizes the combined results of operations of the Company with the results of OCU prior to the acquisition, on a pro forma basis, as though the companies had been combined as of the beginning of the period presented. The pro forma financial information for the quarter ended March 31, 2013 includes elimination of $4.5 million of transaction costs and $1.9 million of revenue and $1.8 million of costs related to sales from OCU to the Company.  The pro forma financial information for the quarter ended March 31, 2012 includes elimination of $0.4 million of revenue and $0.3 million of costs related to sales from OCU to the Company and a $2.5 million increase in cost of goods sold due to a change in the value of inventory as a result of acquisition accounting.  The pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved had the acquisition taken place at the beginning of the period presented, nor does it intend to be a projection of future results.

	For the three months ended March 31,
	2013			2012
Revenue	$	68,754		$	67,537
Net loss	$	(5,277	)	$	(12,038	)
Basic and diluted net loss per share	$	(0.17	)	$	(0.48	)