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Acquisition (Tables)
9 Months Ended
Sep. 30, 2014
Business Combinations [Abstract]  
Schedule of Business Acquisitions, Preliminary Purchase Price Allocation
The purchase price allocation for our acquisition of LDI is as follows:
(In thousands)
 
 

Accounts receivable
 
$
662

Inventories
 
551

Equipment and leasehold improvements
 
1,507

Other assets
 
91

Intangible assets
 
573

Identifiable assets acquired
 
3,384

Accounts payable
 
640

Accrued expenses and advance customer payments
 
433

Liabilities assumed
 
1,073

Net identifiable assets acquired
 
2,311

Goodwill
 
797

Purchase price
 
$
3,108

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
The allocation of the purchase price resulted in recognition of the following identified intangible assets:

(In thousands)

Weighted Average
Life-Years
Software
$
206


7
Patent
165


7
Marketing assets and customer relationships
101


9
Non-compete agreements
101


4
 
$
573


 
Unaudited Pro Forma Consolidated Financial Information
(In thousands, except per share amounts)
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Revenue
$
11,657

 
$
9,998

 
$
36,135

 
$
28,934

Net loss
(448
)
 
(1,217
)
 
(1,377
)
 
(4,761
)
Basic and diluted loss per share
$
(0.07
)
 
$
(0.18
)
 
$
(0.21
)
 
$
(0.69
)