Helios Technologies Quarterly report pursuant to Section 13 or 15(d)

Business Acquisition (Tables)

6 Months Ended

Jun. 30, 2018

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

Accounts receivable	$	24,638
Inventories		35,882
Other current assets		6,488
Property, plant and equipment		20,242
Goodwill		248,913
Intangible assets		246,371
Other assets		4,622
Total assets acquired		587,156
Accounts payable		(18,668	)
Accrued expenses		(11,740	)
Incomes taxes payable		(4,862	)
Other current liabilities		(1,289	)
Other noncurrent liabilities		(23,453	)
Total liabilities assumed		(60,012	)
Fair value of net assets acquired	$	527,144

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

	Fair Value		Weighted- Average Amortization Periods (Yrs)
Trade name	$	25,740		18
Technology		13,483		13
Customer relationships		201,019		26
Sales order backlog		6,129		0.4
Identified intangible assets	$	246,371		24

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

	Three months ended				Six months ended
	June 30, 2018		July 1, 2017		June 30, 2018		July 1, 2017
Net sales	$	136,168	$	120,305	$	274,426	$	231,762
Operating income		26,972		24,861		52,954		45,218
Net income		15,600		9,105		30,474		20,702
Basic and diluted net income per common share		0.49		0.29		0.97		0.66