Helios Technologies Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Business Acquisition (Tables)

v3.6.0.2

Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Components of Acquisition Date Fair Value of Consideration Transferred

The acquisition date fair value of the consideration transferred consisted of the following:

Cash	$	201,020
Fair value of contingent consideration		35,077
Total purchase consideration		236,097
Less: cash acquired		(964	)
Total purchase consideration, net of cash acquired	$	235,133

Schedule of Preliminary Allocation of Total Purchase Price, Net of Cash Acquired

The preliminary allocation of the total purchase price, net of cash acquired, is as follows:

Accounts receivable	$	9,502
Inventories		16,979
Other current assets		176
Property, plant and equipment		10,546
Goodwill		98,667
Intangible assets		108,070
Other assets		8
Total assets acquired		243,948
Accounts payable		(3,260	)
Accrued expenses and other liabilities		(3,745	)
Deferred income taxes		(1,810	)
Total liabilities assumed		(8,815	)
Fair value of net assets acquired	$	235,133

Schedule of Preliminary Fair Value of Identified Intangible Assets and Useful Lives

The preliminary fair value of identified intangible assets and their respective useful lives are as follows:

	Fair Value		Weighted- Average Amortization Periods (Yrs)
Brands	$	30,000		20
Non-compete Agreements		950		5
Technology		17,500		9
Supply Agreement		21,000		10
Sales Order Backlog		620		1
Customer Relationships		38,000		20
Identified intangible assets	$	108,070		16

Summary of Pro forma Financial Information

Consequently, actual results will differ from the unaudited pro forma information presented below:

	2016		2015
Net sales	$	277,706	$	283,525
Operating income		47,673		57,193
Net income		31,064		37,083
Basic and diluted net income per common share		1.16		1.39

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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+ References

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-Publisher FASB
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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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