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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2013
Business Combinations [Abstract]  
Schedule of preliminary allocation of the purchase price
The preliminary allocation of the purchase price through September 30, 2013 is as follows:

Net Assets Acquired
Fair Value
 
 
Prepaid Service Agreement Costs
$
3,383,000

Personal Property
4,430,986

Real Property
1,060,000

HomeLink Trade Names and Trademarks
47,000,000

Homelink Technology
166,000,000

Existing Customer Platforms
43,000,000

Exclusive Licensing Agreement
87,000,000

 

Accounts Receivable
7,719,302

Net Customer Tooling
956,665

 
 
Fair Value of Acquired Assets
360,549,953

 
 
Goodwill
337,557,061

 
 
Total Cash Consideration
$
698,107,014

Schedule of pro forma information
The following unaudited pro forma condensed consolidated statement of income for nine month periods ended September 30, 2013 and 2012 include pro-forma adjustments to reflect the effect of the acquisition as if it had occurred on January 1, 2013. This unaudited pro forma consolidated statement of income is provided for informational purposes only and does not purport to be indicative of the results which would have actually been attained had the acquisition occurred on January 1, 2013 or that may be attained in the future. 
PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME
Nine Months Ended September 30,
 
2013
2012
Net Sales
$
944,550

$
931,221

Net Income
187,250

159,781