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ACQUISITIONS (Tables)
 3 Months Ended
Mar. 31, 2013
ACQUISITIONS [Abstract]  
Schedule of acquisition date fair values of assets acquired and liabilities assumed
While the initial accounting related to the TRP acquisition is not complete as of the filing date of this Form 10-Q, the following table depicts the Company's initial estimate of the acquisition date fair values of the consideration paid or payable and identifiable net assets acquired (in thousands):

 
March 29, 2013
 
Cash
 
$
8,388
 
Accounts receivable
 
 
11,580
 
Inventories
 
 
6,258
 
(a)
Other current assets
 
 
1,953
 
Property, plant and equipment
 
 
4,693
 
(b)
Intangible assets
 
 
-
 
(c)
Other assets
 
 
1,151
 
     Total identifiable assets
 
 
34,023
 
 
 
 
 
Accounts payable
 
 
(8,565
)
Accrued expenses
 
 
(4,003
)
Other current liabilities
 
 
(25
)
     Total liabilities assumed
 
 
(12,593
)
     Net identifiable assets acquired
 
 
21,430
 
     Goodwill
 
 
8,278
 
(d)
     Net assets acquired
 
$
29,708
 
 
 
 
 
 
 
 
 
Cash paid
 
$
22,400
 
Assumption of severance payment
 
 
109
 
Fair value of grant of license
 
 
-
 
(e)
     Fair value of consideration transferred
 
 
22,509
 
(f)
     Deferred consideration
 
 
7,199
 
     Total consideration paid/payable
 
$
29,708
 

(a)  
The determination of fair value related to the inventory acquired was still in progress as of the date of this filing. The amount above represents only the carrying value of the inventory on TRP's balance sheet as of the acquisition date.
(b)  
The appraisals related to machinery and equipment acquired were incomplete as of this filing date and as such, the amount noted above represents only the carrying value of those assets as of the acquisition date.
(c)  
The Company has identified certain intangible assets related to the TRP acquisition, including technology, license agreements and customer lists, which are being valued by a third-party appraiser. These appraisals were not complete as of the date of this filing.
(d)  
The amount of goodwill is provisional as of the filing date, as the fair value determination of inventory acquired, and appraisals related to property, plant and equipment and various intangible assets are still underway. As the final amount of goodwill has not yet been determined or allocated by segment, the Company is unable to determine at this time the portion of goodwill, if any, that will be deductible for tax purposes.
(e)  
As part of the consideration transferred, the Company granteed Tyco a license related to three of the Company's patents. The valuation related to this license grant was not complete as of the date of this filing.
(f)  
  
Deferred consideration represents the Company's estimate of a working capital adjustment which is payable to the seller. Such adjustment must be agreed upon between the Company and the seller, and has not yet been finalized as of the date of this filing.
Unaudited pro forma consolidated results of operations information
The following unaudited pro forma consolidated results of operations assume that the acquisition of TRP was completed as of January 1, 2012.  The pro forma results noted below for the three months ended March 31, 2012 also assume the effects of the 2012 Acquisitions discussed below (dollars in thousands except per share data):

Three Months Ended
March 31,
2013
2012
    Revenue
$
83,529
$
86,410
Net earnings
2,129
2,720
Earnings per Class A common share - basic and diluted
0.18
0.22
Earnings per Class B common share - basic and diluted
0.19
0.23
Estimated acquisition date fair values of the consideration transferred and identifiable net assets acquired
During the first quarter of 2013, the Company completed the purchase accounting related to its acquisitions of GigaCom and Fibreco.  While the initial accounting related to the Powerbox acquisition 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 related to the 2012 Acquisitions (in thousands):

 
 
 
 
 
 
 
 
 
 
 
 
 
Measurement
 
 
Acquisition-Date
 
 
Acquisition-Date
 
 
Period
 
 
Fair Values
 
 
Fair Values
 
 
Adjustments (a)
 
 
(As adjusted)
 
Cash and cash equivalents
 
$
2,991
 
 
$
-
 
 
$
2,991
 
Accounts receivable
 
 
3,750
 
 
 
224
 
 
 
3,974
 
Inventories
 
 
1,061
 
 
 
(16
)
 
 
1,045
 
Other current assets
 
 
90
 
 
 
-
 
 
 
90
 
Property, plant and equipment
 
 
502
 
 
 
248
 
 
 
750
 
Intangible assets
 
 
30
 
 
 
10,358
 
 
 
10,388
 
     Total identifiable assets
 
 
8,424
 
 
 
10,814
 
 
 
19,238
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
 
(1,702
)
 
 
-
 
 
 
(1,702
)
Accrued expenses
 
 
(1,736
)
 
 
-
 
 
 
(1,736
)
Notes payable
 
 
(216
)
 
 
-
 
 
 
(216
)
Income taxes payable
 
 
(264
)
 
 
(60
)
 
 
(324
)
Deferred income tax liability, current
 
 
(70
)
 
 
-
 
 
 
(70
)
Deferred income tax liability, noncurrent
 
 
-
 
 
 
(2,297
)
 
 
(2,297
)
Other long-term liabilities
 
 
(216
)
 
 
-
 
 
 
(216
)
     Total liabilities assumed
 
 
(4,204
)
 
 
(2,357
)
 
 
(6,561
)
     Net identifiable assets acquired
 
 
4,220
 
 
 
8,457
 
 
 
12,677
 
     Goodwill
 
 
17,965
 
 
 
(8,241
)
 
 
9,724
 
     Net assets acquired
 
$
22,185
 
 
$
216
 
 
$
22,401
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash paid
 
$
22,138
 
 
 
263
 
 
$
22,401
 
Deferred consideration
 
 
47
 
 
 
(47
)
 
 
-
 
     Fair value of consideration transferred
 
$
22,185
 
 
$
216
 
 
$
22,401
 
(a) There were no measurement period adjustments recorded during the three months ended March 31, 2013 related to the 2012 acquisitions.