XML 40 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
ACQUISITIONS AND DISPOSITION (Tables)
3 Months Ended
Mar. 31, 2015
Acquired assets and liabilities [Line Items]  
Unaudited pro forma consolidated results of operations information
The following unaudited pro forma information presents a summary of the combined results of operations of the Company and the aggregate results of Power Solutions and Connectivity Solutions for the periods presented as if the 2014 Acquisitions had occurred on January 1, 2013, along with certain pro forma adjustments.  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 January 1, 2013, nor is the pro forma data intended to be a projection of results that may be obtained in the future:

  
Three Months Ended
 
  
March 31,
 
  
2014
 
   
Revenue
 
$
160,637
 
Net earnings
  
1,658
 
Earnings per Class A common share - basic and diluted
 
$
0.13
 
Earnings per Class B common share - basic and diluted
 
$
0.15
 
Power Solutions and Connectivity Solutions [Member]  
Acquired assets and liabilities [Line Items]  
Schedule of acquisition date fair values of assets acquired and liabilities assumed
The table below depicts the Company's fair value estimates of assets acquired and liabilities assumed as of the respective acquisition dates.  There were no measurement period adjustments recorded during the three months ended March 31, 2015.  The amounts noted in the table below are provisional since the valuations of property and equipment, intangible assets acquired, legal reserves, contingent liabilities, income and non-income based taxes and goodwill are still under review. Accordingly, there could be material adjustments to our condensed consolidated financial statements, including changes to our depreciation and amortization expense related to the valuation of property and equipment and intangible assets acquired and their respective useful lives, among other adjustments.  The portion of goodwill, if any, that will be deductible for tax purposes has yet to be determined.




  
Power Solutions
  
Connectivity Solutions
  
2014 Acquisitions
 
  
June 19,
  
July 25/August 29,
  
Acquisition-Date
 
  
2014
  
2014(1)
  
Fair Values
 
  
(As adjusted)
  
(As adjusted)
  
(As adjusted)
 
Cash
 
$
20,912
  
$
6,544
  
$
27,456
 
Accounts receivable
  
29,389
   
9,375
   
38,764
 
Inventories
  
36,429
   
17,632
   
54,061
 
Other current assets
  
7,350
   
2,615
   
9,965
 
Property, plant and equipment
  
28,175
   
9,900
   
38,075
 
Intangible assets
  
33,220
   
40,000
   
73,220
 
Other assets
  
19,171
   
2,345
   
21,516
 
     Total identifiable assets
  
174,646
   
88,411
   
263,057
 
             
Accounts payable
  
(26,180
)
  
(10,682
)
  
(36,862
)
Accrued expenses
  
(25,545
)
  
(5,307
)
  
(30,852
)
Other current liabilities
  
223
   
(57
)
  
166
 
Noncurrent liabilities
  
(42,062
)
  
(17,314
)
  
(59,376
)
     Total liabilities assumed
  
(93,564
)
  
(33,360
)
  
(126,924
)
     Net identifiable assets acquired
  
81,082
   
55,051
   
136,133
 
     Goodwill
  
49,710
   
50,306
   
100,016
 
     Net assets acquired
 
$
130,792
  
$
105,357
  
$
236,149
 
             
             
Cash paid
 
$
130,792
  
$
105,357
  
$
236,149
 
Assumption of liability
  
-
   
-
   
-
 
     Fair value of consideration
            
         transferred
  
130,792
   
105,357
   
236,149
 
     Deferred consideration
  
-
   
-
   
-
 
     Total consideration paid
 
$
130,792
  
$
105,357
  
$
236,149
 

(1) 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 dates.