| Schedule of preliminary allocation of consideration transferred |
The following reflects the Company’s preliminary allocation of consideration transferred for the Pakedge acquisition (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Pakedge
|
|
|
|
|
|
Acquisition
|
|
|
Cash
|
|
|
$
|
843
|
|
|
Accounts receivable
|
|
|
|
460
|
|
|
Inventory
|
|
|
|
5,674
|
|
|
Other assets acquired
|
|
|
|
1,139
|
|
|
Intangible assets
|
|
|
|
23,156
|
|
|
Goodwill
|
|
|
|
13,535
|
|
|
Total assets acquired
|
|
|
|
44,807
|
|
|
Deferred tax liability
|
|
|
|
9,708
|
|
|
Warranty liability
|
|
|
|
391
|
|
|
Other liabilities assumed
|
|
|
|
1,688
|
|
|
Total net assets acquired
|
|
|
$
|
33,020
|
|
|
| Schedule of unaudited pro forma information regarding the acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
June 30,
|
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
Revenue
|
|
$
|
53,215
|
|
$
|
49,357
|
|
$
|
97,434
|
|
$
|
85,553
|
|
Income (loss) from operations
|
|
|
803
|
|
|
1,253
|
|
|
(4,279)
|
|
|
(3,983)
|
|
Net income (loss)
|
|
$
|
675
|
|
$
|
1,543
|
|
|
(4,300)
|
|
|
(3,220)
|
|
Net income (loss) per common share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$
|
0.03
|
|
$
|
0.07
|
|
|
(0.18)
|
|
|
(0.13)
|
|
Diluted
|
|
$
|
0.03
|
|
$
|
0.07
|
|
|
(0.18)
|
|
|
(0.13)
|
|