Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

3 Months Ended

Mar. 31, 2015

Business Acquisition Pro Forma Information

The following unaudited supplemental pro forma information assumes the 2014 acquisitions referred to above had been completed as of January 1, 2014 and is not indicative of the results of operations that would have been achieved had the transactions been consummated on such date or of results that might be achieved in the future.


(in thousands)	Pro Forma Three Months Ended March 31, 2014
Revenues	$	18,007
Operating loss	$	(3,460	)
Net Loss	$	(3,792	)

Value Lighting

Preliminary Values Assigned to Assets Acquired and Liabilities Assumed

The following amounts represent the determination of the fair value of identifiable assets acquired and liabilities assumed from the Value Lighting acquisition.


(in thousands)
Cash	$	35
Accounts receivable		8,720
Inventory		7,505
Goodwill		18,635
Customer relationships		12,270
Trade names		4,800
Backlog		2,505
Non-compete agreements		260
Other intangibles		116
Other assets		2,901

Assets acquired		57,747

Accounts payable		8,683
Accrued liabilities		1,383
Other current liabilities		1,362
Other liabilities		1,185
Deferred income tax liability		5,825

Liabilities assumed		18,438

Purchase price	$	39,309