Business Combination (Tables)

3 Months Ended

Mar. 31, 2018

Business Combination

Summary of preliminary estimated fair value of the consideration

$'s in 000's		Fair Value
Current assets	$	15,755
Property, plant, and equipment		8,857
Other assets, net		295
Intangible assets - Customer relationships (20 year useful life)		80,200
Intangible assets - Brand names (10 year useful life)		9,600
Goodwill		112,109
Total assets		226,816
Current liabilities		22,886
Capital lease obligations		3,032
Total liabilities		25,918
Estimated purchase price	$	200,898
Cash paid, net of cash acquired	$	91,987
LLC Interests and shares of Class B common stock		90,031
Guarantee note		10,000
Contingent notes		9,500
Preliminary post-closing working capital adjustment		(620)
Estimated fair value of total consideration transferred	$	200,898

Summary of pro forma combined statements of operations

		Three months ended March 31,
($'s in 000's, except per share data)		2018		2017
Net sales	$	118,162	$	98,992
Net income (loss)	$	(1,020)	$	5,448
Earnings (loss) per share:
Basic(1)	$	(0.07)	$	—
Diluted(1)	$	(0.07)	$	—

-  Basic and Diluted earnings per share is applicable only for periods after the Company’s IPO.  See Note 8 – Earnings Per Share.