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BUSINESS COMBINATIONS (Tables)
 3 Months Ended
Mar. 31, 2013
BUSINESS COMBINATIONS [Abstract]  
Schedule of consideration paid for the acquisition-related costs incurred, and fair values of assets acquired and liabilities assumed
The following table sets forth the consideration paid for the Kilitch Acquisition, the acquisition-related costs incurred, and the fair values of the assets acquired and the liabilities assumed (U.S. dollar amounts in thousands):
 
 
 
 
 
 
 
 
Consideration:
 
Initial Fair Valuation
 
 
Changes in Estimate
 
 
Adjusted Fair Valuation
 
Cash paid
 
$
55,224
 
 
 
 
$
55,224
 
Less working capital shortfall refunded by sellers
 
 
(890
)
 
 
(138
)
 
 
(1,028
)
 
 
$
54,334
 
 
$
(138
)
 
$
54,196
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition-related costs:
 
 
 
 
 
 
 
 
 
 
 
 
Stamp duties paid for transfer of land and buildings
 
$
1,583
 
 
 
 
 
 
$
1,583
 
Acquisition-related compensation expense
 
 
6,741
 
 
 
1,030
 
 
 
7,771
 
Due diligence, legal, travel and other acquisition-related costs
 
 
557
 
 
 
119
 
 
 
676
 
 
 
$
8,881
 
 
$
1,149
 
 
$
10,030
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recognized amounts of identifiable assets acquired and liabilities assumed:
 
 
 
 
 
 
 
 
 
 
 
 
Accounts receivable
 
$
2,130
 
 
 
 
 
 
$
2,130
 
Inventory
 
 
1,799
 
 
 
 
 
 
 
1,799
 
Land
 
 
3,714
 
 
 
(1,131
)
 
 
2,583
 
Buildings, plant and equipment
 
 
8,474
 
 
 
 
 
 
 
8,474
 
Construction in progress
 
 
14,231
 
 
 
 
 
 
 
14,231
 
Goodwill, deductible
 
 
21,609
 
 
 
1,004
 
 
 
22,613
 
Other intangible assets, deductible
 
 
5,806
 
 
 
102
 
 
 
5,908
 
Other assets
 
 
38
 
 
 
 
 
 
 
38
 
Assumed liabilities
 
 
(2,099
)
 
 
(779
)
 
 
(2,878
)
Deferred tax liabilities
 
 
(1,368
)
 
 
666
 
 
 
(702
)
 
 
$
54,334
 
 
$
(138
)
 
$
54,196
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unaudited pro forma financial information
     The unaudited pro forma results presented below reflect the consolidated results of operation of the Company as if the Kilitch Acquisition had taken place at the beginning of the period presented.  The pro forma results include amortization associated with the acquired intangible assets and interest on funds used for the acquisition.  The unaudited pro forma financial information presented below does not reflect the impact of any actual or anticipated synergies expected to result from the acquisition.  Accordingly, the unaudited pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transaction been effected on the assumed date (amounts in thousands, except per share data):

 
 
Three months ended
March 31, 2012
 
Revenue
 
$
55,721
 
Net income
 
$
1,572
 
Net income per diluted share
 
$
0.01