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ACQUISITIONS (Tables)
 3 Months Ended
Mar. 31, 2014
ACQUISITIONS [Abstract]  
Schedule of acquisition date fair values of assets acquired and liabilities assumed
The purchase price allocations for TRP and Array were finalized during the first quarter of 2014.  The following table depicts the finalized respective acquisition date fair values of the consideration paid and identifiable net assets acquired (in thousands):

 
 
TRP
 
 
Array
 
 
2013 Acquisitions
 
 
 
 
 
 
Measurement
 
 
March 29,
 
 
 
 
 
Measurement
 
 
August 20,
 
 
Acquisition-Date
 
 
 
March 29,
 
 
Period
 
 
2013
 
 
August 20,
 
 
Period
 
 
2013
 
 
Fair Values
 
 
 
2013
 
 
Adjustments
 
 
(As finalized)
 
 
2013
 
 
Adjustments
 
 
(As finalized)
 
 
(As finalized)
 
Cash
 
$
8,388
 
 
$
-
 
 
$
8,388
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
8,388
 
Accounts receivable
 
 
11,580
 
 
 
(39
)
 
 
11,541
 
 
 
994
 
 
 
-
 
 
 
994
 
 
 
12,535
 
Inventories
 
 
6,258
 
 
 
1,097
 
 
 
7,355
 
 
 
2,588
 
 
 
(1,595
)
 
 
993
 
 
 
8,348
 
Other current assets
 
 
1,953
 
 
 
(334
)
 
 
1,619
 
 
 
83
 
 
 
345
 
 
 
428
 
 
 
2,047
 
Property, plant and equipment
 
 
4,693
 
 
 
1,097
 
 
 
5,790
 
 
 
2,285
 
 
 
1,225
 
 
 
3,510
 
 
 
9,300
 
Intangible assets
 
 
-
 
 
 
6,110
 
 
 
6,110
 
 
 
-
 
 
 
1,470
 
 
 
1,470
 
 
 
7,580
 
Other assets
 
 
1,151
 
 
 
198
 
 
 
1,349
 
 
 
84
 
 
 
1,663
 
 
 
1,747
 
 
 
3,096
 
     Total identifiable assets
 
 
34,023
 
 
 
8,129
 
 
 
42,152
 
 
 
6,034
 
 
 
3,108
 
 
 
9,142
 
 
 
51,294
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
 
(8,565
)
 
 
331
 
 
 
(8,234
)
 
 
(677
)
 
 
1
 
 
 
(676
)
 
 
(8,910
)
Accrued expenses
 
 
(4,003
)
 
 
(462
)
 
 
(4,465
)
 
 
(206
)
 
 
(79
)
 
 
(285
)
 
 
(4,750
)
Other current liabilities
 
 
(25
)
 
 
(734
)
 
 
(759
)
 
 
(214
)
 
 
214
 
 
 
-
 
 
 
(759
)
Noncurrent liabilities
 
 
-
 
 
 
(586
)
 
 
(586
)
 
 
(643
)
 
 
(1,105
)
 
 
(1,748
)
 
 
(2,334
)
     Total liabilities assumed
 
 
(12,593
)
 
 
(1,451
)
 
 
(14,044
)
 
 
(1,740
)
 
 
(969
)
 
 
(2,709
)
 
 
(16,753
)
     Net identifiable assets acquired
 
 
21,430
 
 
 
6,678
 
 
 
28,108
 
 
 
4,294
 
 
 
2,139
 
 
 
6,433
 
 
 
34,541
 
     Goodwill
 
 
8,278
 
 
 
(7,038
)
 
 
1,240
 
 
 
5,666
 
 
 
(2,094
)
 
 
3,572
 
 
 
4,812
 
     Net assets acquired
 
$
29,708
 
 
$
(360
)
 
$
29,348
 
 
$
9,960
 
 
$
45
 
 
$
10,005
 
 
$
39,353
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash paid
 
$
22,400
 
 
$
6,948
 
 
$
29,348
 
 
$
9,960
 
 
$
45
 
 
$
10,005
 
 
$
39,353
 
Assumption of severance payment
 
 
109
 
 
 
(109
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
     Fair value of consideration
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
         transferred
 
 
22,509
 
 
 
6,839
 
 
 
29,348
 
 
 
9,960
 
 
 
45
 
 
 
10,005
 
 
 
39,353
 
     Deferred consideration
 
 
7,199
 
 
 
(7,199
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
     Total consideration paid
 
$
29,708
 
 
$
(360
)
 
$
29,348
 
 
$
9,960
 
 
$
45
 
 
$
10,005
 
 
$
39,353
 
Unaudited pro forma consolidated results of operations information
The 2013 unaudited pro forma net earnings were adjusted to exclude $0.3 million of acquisition-related costs ($0.3 million after tax) incurred during the first quarter of 2013 (dollars in thousands except per share data):

 
 
Three Months Ended
 
 
 
March 31, 2013
 
 
 
 
 
Revenue
 
$
85,291
 
Net earnings
 
 
2,368
 
Earnings per Class A common share - basic and diluted
 
 
0.20
 
Earnings per Class B common share - basic and diluted
 
 
0.21