ACQUISITION

3 Months Ended

Mar. 31, 2012

ACQUISITION [Abstract]

ACQUISITION

3.           ACQUISITION

On March 9, 2012 (the "Acquisition Date"), the Company completed its acquisition of 100% of the issued and outstanding capital stock of GigaCom Interconnect AB ("GigaCom Interconnect") with a cash payment of £1.7 million (approximately $2.7 million). GigaCom Interconnect, located in Gothenburg, Sweden, is a supplier of expanded beam fiber optic technology and a participant in the development of next-generation commercial aircraft components. GigaCom Interconnect has become part of Bel's Cinch Connector business. Management believes that GigaCom's offering of expanded beam fiber optic products, which are replacing traditional copper-based components due to their superior performance, reliability and lighter weight, will enhance Cinch's position within the growing aerospace and military markets.

GigaCom Interconnect's results of operations have been included in the Company's condensed consolidated financial statements for the period subsequent to the Acquisition Date, and were not material.

During the three months ended March 31, 2012, the Company incurred less than $0.1 million of acquisition-related costs relating to GigaCom Interconnect.  These costs are included in selling, general and administrative expense in the accompanying condensed consolidated statement of operations for the three months ended March 31, 2012.

While the initial accounting related to this business combination is not complete as of the filing date of this Form 10-Q, the following table depicts the Company's estimated acquisition date fair values of the consideration transferred and identifiable net assets acquired (in thousands):

Consideration
Cash	$	2,687
Deferred consideration		47
Fair value of total consideration transferred	$	2,734
Recognized amounts of identifiable assets
acquired and liabilities assumed:
Accounts receivable	$	47
Inventory		79
Other current assets		22
Property, plant and equipment		33
Accrued expenses and other current liabilities		(24	)
Total identifiable net assets	$	157
Goodwill	$	2,577		(a)
(a) The amount of goodwill is provisional as of the filing date, as appraisals related to
intangible assets are still underway. As the final amount of goodwill has not yet been
determined or allocated by country, the Company is unable to determine at this time
the portion of goodwill, if any, that will be deductible for tax purposes.