Acquisitions (Tables)

9 Months Ended

Sep. 30, 2011

Acquisitions [Abstract]

Preliminary purchase price consideration components

The preliminary purchase price consideration consists of the following (in thousands of dollars):

Cash paid at closing, net	$	18,982
Royalty consideration		2,381
Total consideration paid	$	21,363

Preliminary purchase price allocation to net assets acquired

The following table indicates (in thousands of dollars) the preliminary purchase price allocation to net assets acquired, which was based on estimated fair values as of the acquisition date. The excess of the purchase price over the net assets acquired, which totaled $14.5 million, was recorded as goodwill in the Company's condensed consolidated balance sheet as of September 30, 2011. Based on the structure of the transaction, the majority of the goodwill related to the transaction is not expected to be deductible for tax purposes.

Purchase price	$	21,363
Receivables		1,756
Inventories		1,124
Other current assets		7
Property, plant and equipment		669
Intangible assets		3,891
Accounts payable		(562	)
Other short-term accrued liabilities		(60	)
Goodwill recorded	$	14,538