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Business Acquisition (Tables)
9 Months Ended
Sep. 30, 2012
Business Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The total revised acquisition price was approximately $159.8 million and the preliminary acquisition price allocation is comprised of the following (in thousands):
 
 
Fair value acquired

 
Cash including restricted cash
 
$
2,000

 
Accounts receivable
 
7,403

 
Inventory
 
11,726

 
Deferred tax assets and other current assets
 
2,864

 
      Total current assets
 
23,993

 
Property and equipment
 
11,088

 
Intangibles
 
83,500

 
Goodwill
 
84,140

 
Other non-current assets
 
244

 
      Total assets
 
202,965

 
Current liabilities
 
(8,046
)
 
Non-current deferred tax liabilities
 
(33,898
)
 
Other non-current liabilities
 
(1,227
)
 
      Net assets acquired
 
$
159,794

 
 
 
 
 
      Cash consideration, fair value
 
$
159,794

 
 
 
 
 

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
Details of acquired intangibles are as follows (in thousands, except for years):
 
 
Fair value acquired

 
Useful Life (years)
 
First year amortization expense

 
Trade name
 
$
6,800

 
12
 
$
567

 
Customer relationships
 
50,100

 
 28 to 30
 
1,693

 
Acquired technology
 
26,600

 
20
 
1,330

 
Intangibles acquired
 
$
83,500

 
 
 
$
3,590

 
 
 
 
 
 
 
 
 
Weighted avg. life of intangibles
 
 
 
25.11
 
 
 
 
 
 
 
 
 
 
 
Business Acquisition, Pro Forma Information [Table Text Block]
The following represents unaudited pro forma revenue and net income as if MTS had been included in our consolidated results from January 1, 2011 (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2012
 
2011
 
2012
 
2011
Revenues
$
84,331

 
$
82,468

 
$
252,601

 
$
239,715

Net income
$
6,920

 
$
3,785

 
$
13,515

 
$
9,841

 
 
 
 
 
 
 
 

The pro forma unaudited condensed consolidated operating results presented above were calculated after applyin