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Acquisition (Tables)
12 Months Ended
Dec. 31, 2013
Acquisition  
Summary of the fair values of the assets acquired, net of cash acquired, and the liabilities assumed at the Merger Date

The following table summarizes the fair values of the assets acquired and the liabilities assumed at the Merger Date:

 

Cash and cash equivalents

 

$

3,791 

 

Accounts receivable

 

3,318 

 

Inventories

 

7,585 

 

Property and equipment

 

5,182 

 

Other assets

 

3,090 

 

Intangible assets with finite lives

 

9,340 

 

Trademarks

 

50,100 

 

Goodwill

 

36,974 

 

Total assets acquired

 

119,380 

 

 

 

 

 

Accounts payable and accrued expenses

 

8,808 

 

Customer advances and deferred revenue

 

1,832 

 

Capital lease obligations

 

393 

 

Pension and retirement liabilities

 

9,357 

 

Deferred tax liabilities

 

16,447 

 

Total liabilities assumed

 

36,837 

 

Net assets acquired

 

$

82,543 

 

Schedule of unaudited pro forma operating results

 

 

 

Unaudited Pro Forma

 

 

 

Years Ended

 

 

 

December 31,
2013

 

December 31,
2012

 

 

 

(As Restated)

 

(As Revised)

 

Net sales

 

$

309,556

 

$

267,714

 

Net income (loss)

 

17,474

 

(4,590

)