Annual report pursuant to Section 13 and 15(d)

Basis of Presentation (Tables)

v3.7.0.1
Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value of Acquired Assets and Assumed Liabilities to Total Purchase Price
The following table reconciles the fair value of the acquired assets and assumed liabilities to the total purchase price:
 
Amount
Fair value of consideration transferred
$
1,399,055

Cash
$
28,695

Accounts Receivable
113,030

Inventory
187,509

Other current assets
25,224

Property and equipment
117,336

Goodwill
624,870

Intangible assets
822,620

Other non-current assets
3,481

Total assets
1,922,765

Less:
 
Accounts payable
(65,009
)
Deferred income taxes
(275,957
)
Junior subordinated debentures
(105,443
)
Junior subordinated debentures premium
(22,437
)
Other liabilities
(54,864
)
Net assets
$
1,399,055

Summary of Pro Forma Financial Statements of Company
The following table indicates the pro-forma financial statements of the Company for the years ended December 31, 2015 and 2014 (excluding transaction costs of $54,657 as discussed in Note 18 - Transaction, Acquisition, and Integration Expense).
 
2015
 
2014
Net Sales
$
786,911

 
$
734,669

Net Loss
(23,083
)
 
(4,863
)