BUSINESS ACQUISITION (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following summarizes the preliminary allocation of the purchase price as of March 31, 2017 based on the fair value of the assets acquired and liabilities assumed:



	Preliminary Purchase Price Allocation
	(Dollars in thousands)
Cash and cash equivalents	$	16,512
Short-term investments	19,238
Accounts receivable	8,949
Inventory	18,089
Prepaid expenses and other current assets	4,369
Property, plant and equipment	4,311
Intangible assets:			Wtd. Avg. Life:
Customer relationship	78,300		14 years
Trademarks/brand names	13,500		15 years
Completed technology	11,600		14 years
Non-compete agreement	280		1 year
Goodwill	66,488
Deferred tax assets	19,355
Other assets	101
Total assets acquired	261,092
Accounts payable	4,560
Accrued expenses and other current liabilities	6,634
Contingent liability	36,314
Other liabilities	2,813
Net assets acquired	$	210,771

Pro Forma Information

As a result, these pro forma results do not necessarily represent results that would have occurred if the acquisition had taken place on the basis assumed above, nor are they indicative of the results of future combined operations.



	Three Months Ended March 31,
	2017		2016
	(In thousands, except per share amounts)
Total revenue	$	271,464	$	257,012
Net income	$	7,824	$	4,275
Basic income per share	$	0.10	$	0.06