Quarterly report pursuant to Section 13 or 15(d)

Acquisitions

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Acquisitions
 9 Months Ended
Sep. 29, 2012
Acquisitions [Abstract]  
ACQUISITIONS

8. ACQUISITIONS

On September 27, 2011, Sun purchased the remaining preferred and common shares of HCT that it did not already own. HCT designs and produces encapsulated, modular, highly ruggedized digital and analog electronic controller products for the global fluid power and motion control industry. HCT’s products complement Sun’s electro-hydraulic line of valves providing reliable, easy, simple and accurate control of individual valves, or seamless management of systems and sub-systems.

The acquisition was accounted for as a business combination using the acquisition method and, accordingly, the identifiable assets acquired and the liabilities assumed were recorded at their estimated fair value at the date of acquisition.

The revenue and earnings for HCT included in Sun’s Consolidated Statement of Operations for the nine months ended September 29, 2012, and the revenue and earnings of the combined entities had the acquisition date been January 2, 2011, are included in the table below.

 

 

                 
    Revenue     Earnings  
    (unaudited)     (unaudited)  

Actual from 01/01/2012 – 09/29/2012

   $ 2,836     $ (404 ) 

Supplemental pro forma from 01/02/2011 to 10/01/2011

   $ 161,311     $ 31,728