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

Business Acquisition (Tables)

9 Months Ended

Sep. 29, 2018

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

Cash	$	532,408
Fair value of contingent consideration		938
Total purchase consideration		533,346
Less: cash acquired		(5,265	)
Total purchase consideration, net of cash acquired	$	528,081

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		249,850
Intangible assets		246,371
Other assets		4,622
Total assets acquired		588,093
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	$	528,081

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				Nine months ended
	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Net sales	$	135,837	$	116,213	$	410,263	$	347,975
Operating income		21,207		21,380		74,161		66,598
Net income		12,929		12,547		43,403		33,249
Basic and diluted net income per common share		0.41		0.40		1.37		1.06