Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

The allocation of purchase consideration to the assets acquired and liabilities assumed during 2013 are as follows (in thousands):


Working capital	$	2,665
Property, plant, and equipment		153
Acquired intangible assets		2,170
Goodwill		2,466
Fair value of purchase consideration	$	7,454

The allocation of purchase consideration to the assets acquired and liabilities assumed during 2012 are as follows (in thousands):


Working capital	$	8,868
Property, plant, and equipment		9,682
Intangible assets		10,183
Other liabilities		(733	)
Goodwill		15,263
Fair value of purchase consideration	$	43,263

The allocation of purchase consideration to the assets acquired and liabilities assumed is as follows (in thousands):


		D.S. Brown			Award Metals
Working capital	$	16,735		$	4,177
Property, plant, and equipment		14,481			2,794
Intangible assets		33,300			2,101
Other assets		230			75
Other liabilities		(13,301	)		(106	)
Goodwill		46,198			4,328
Fair value of purchase consideration	$	97,643		$	13,369

The intangible assets acquired in this acquisition consisted of the following (in thousands):

The acquired intangible assets consisted of the following for the four acquisitions completed during the year ended December 31, 2012 (in thousands):


			Estimated
	Fair Value		Useful Life
Customer relationships	$	4,470	5-15 Years
Unpatented technology and patents		2,313	15 Years
Trademarks		2,130	Indefinite
Amortizable trademarks		800	5 Years
Non-compete agreements		340	5-10 Years
Backlog		130	0.5 Years
Total	$	10,183

The acquired intangible assets consisted of the following for the two acquisitions completed during the year ended December 31, 2011 (in thousands):


			Estimated
	Fair Value		Useful Life
Unpatented technology and patents	$	16,560	15 Years
Trademarks		11,470	Indefinite
Customer relationships		5,970	16 Years
Backlog		1,200	1.5 Years
Non-compete agreements		201	4 Years
Total	$	35,401