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

Business Acquisition (Tables)

6 Months Ended

Jul. 01, 2017

The fair value of total purchase consideration consisted of the following:

Cash	$	201,020
Fair value of contingent consideration		41,391
Post closing adjustment for working capital		500
Total purchase consideration		242,911
Less: cash acquired		(964	)
Total purchase consideration, net of cash acquired	$	241,947

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		105,481
Intangible assets		108,070
Other assets		8
Total assets acquired		250,762
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	$	241,947

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

	Three months ended		Six months ended
	July 2, 2016		July 2, 2016
Net sales	$	70,499	$	141,354
Operating income		12,732		26,497
Net income		7,973		17,078
Basic and diluted net income per common share		0.30		0.64