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ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2014
Acquired assets and liabilities [Line Items]  
Fair value of identifiable intangible assets
The preliminary fair value of identifiable intangible assets related to the 2014 Acquired Companies is shown in the table below (dollars in thousands).  For those intangible assets with finite lives, the acquisition-date fair values will be amortized over their respective estimated future lives utilizing the straight-line method.


Weighted-Average Life
 
Acquisition-Date Fair Value
 
Trademarks
Indefinite
 
$
7,115
 
Technology
20 years
  
20,818
 
Customer relationships
15 years
  
30,607
 
    Total identifiable intangible assets acquired
  
$
58,540
 
Unaudited pro forma consolidated results of operations information
The unaudited pro forma results are presented for illustrative purposes only and are not necessarily indicative of the results that would have actually been obtained if the acquisitions had occurred on the assumed dates, nor is the pro forma data intended to be a projection of results that may be obtained in the future (in thousands):


  
Three Months Ended
  
Nine Months Ended
 
  
September 30,
  
September 30,
 
  
2014
  
2013
  
2014
  
2013
 
         
Revenue
 $163,040  $185,091  $480,482  $533,605 
Net earnings
  8,417   (28,213)  6,388   (39,714)
Earnings per Class A common share - basic and diluted
  0.68   (2.38)  0.51   (3.36)
Earnings per Class B common share - basic and diluted
  0.72   (2.50)  0.56   (3.51)
Power Solutions and Connectivity Solutions [Member]
  
Acquired assets and liabilities [Line Items]  
Schedule of acquisition date fair values of assets acquired and liabilities assumed
While the initial accounting related to the acquisitions of Power Solutions and Connectivity Solutions is not complete as of the filing date of this Quarterly Report on Form 10-Q, the following table depicts the Company's current estimate of the respective acquisition date fair values of the consideration paid and identifiable net assets acquired (in thousands):
  
Power Solutions
   
Connectivity Solutions
   
2014 Acquisitions
 
    
Measurement
  
June 19,
        
Acquisition-Date
 
  
June 19,
  
Period
  
2014
   
July 25/August 29,
   
Fair Values
 
  
2014
  
Adjustments
  
(As adjusted)
    2014*
 
  
(As adjusted)
 
Cash
 
$
20,913
  
$
-
  
$
20,913
   
$
6,544
   
$
27,457
 
Accounts receivable
  
29,388
   
1
   
29,389
    
9,413
    
38,802
 
Inventories
  
33,156
   
3,273
   
36,429
 
(a)
  
17,601
 
(a)
  
54,030
 
Other current assets
  
5,387
   
1,688
   
7,075
    
2,634
    
9,709
 
Property, plant and equipment
  
28,176
   
-
   
28,176
 
(b)
  
10,440
 
(b)
  
38,616
 
Intangible assets
  
21,188
   
(9,153
)
  
12,035
 
(c)
  
46,505
 
(c)
  
58,540
 
Other assets
  
536
   
18,212
   
18,748
 
(d)
  
2,684
    
21,432
 
     Total identifiable assets
  
138,744
   
14,021
   
152,765
    
95,821
    
248,586
 
                       
Accounts payable
  
(26,180
)
  
-
   
(26,180
)
   
(10,682
)
   
(36,862
)
Accrued expenses
  
(20,290
)
  
(4,505
)
  
(24,795
)
(d)
  
(4,934
)
   
(29,729
)
Other current liabilities
  
223
   
-
   
223
    
(57
)
   
166
 
Noncurrent liabilities
  
761
   
(39,686
)
  
(38,925
)
(d)
  
(21,195
)
   
(60,120
)
     Total liabilities assumed
  
(45,486
)
  
(44,191
)
  
(89,677
)
   
(36,868
)
   
(126,545
)
     Net identifiable assets acquired
  
93,258
   
(30,170
)
  
63,088
    
58,953
    
122,041
 
     Goodwill
  
37,534
   
30,170
   
67,704
 
(e)
  
44,248
 
(e)
  
111,952
 
     Net assets acquired
 
$
130,792
  
$
-
  
$
130,792
   
$
103,201
   
$
233,993
 
                       
                       
Cash paid
 
$
130,792
  
$
-
  
$
130,792
   
$
103,201
   
$
233,993
 
Assumption of liability
  
-
   
-
   
-
    
-
    
-
 
     Fair value of consideration
                      
         transferred
  
130,792
   
-
   
130,792
    
103,201
    
233,993
 
     Deferred consideration
  
-
   
-
   
-
    
-
    
-
 
     Total consideration paid
 
$
130,792
  
$
-
  
$
130,792
   
$
103,201
   
$
233,993
 
                       

* The Company acquired the U.S. and U.K. entities of Connectivity Solutions on July 25, 2014 and the China entity of Connectivity Solutions on August 29, 2014.  These values represent the estimated fair values as of the respective acquisition date.

(a)
The inventory amounts noted above for both Power Solutions and Connectivity Solutions include preliminary adjustments to acquisition-date fair value.
(b)
The appraisals related to machinery and equipment acquired were still in progress as of this filing date; however, the amount noted above for Connectivity Solutions includes preliminary adjustments to acquisition-date fair value.  The amounts noted above for Power Solutions property, plant and equipment only include the carrying value of those assets on Power Solutions' balance sheet as of the acquisition date.
(c)
The Company has identified certain intangible assets related to the Power Solutions acquisition, including trademarks and trade names, developed technology and potential in-process research and development, license agreements, non-compete agreements, an investment in a 49%-owned joint venture and customer relationships, which are being valued by a third-party appraiser.  These appraisals were not complete as of the date of this filing.  The Company has also identified certain intangible assets related to the Connectivity Solutions acquisition, including trademarks, developed technology and customer relationships, which are being valued by a third-party appraiser.  While these appraisals were still in progress as of the date of this filing, preliminary estimated adjustments to fair value have been reflected in the table above.
(d)
The Company recorded measurement period adjustments related to estimated uncertain tax provisions and other tax liabilities, including an indemnification asset related to certain liabilities.  While these estimates were still in progress as of the date of this filing, preliminary estimated adjustments to these liabilities have been reflected in the table above.
(e)
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, various intangible assets and certain liabilities such as lease liabilities 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.
TRP and Array [Member]
  
Acquired assets and liabilities [Line Items]  
Schedule of acquisition date fair values of assets acquired and liabilities assumed
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