| Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block] |
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The following adjustments were included in the unaudited pro forma combined net income (loss):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2017 |
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2016 |
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2017 |
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2016 |
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(in thousands) |
Net income (loss) |
$ |
(9,167 |
) |
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$ |
9,679 |
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$ |
10,261 |
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$ |
52,944 |
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Add: Results of operations – acquired business |
— |
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(2,510 |
) |
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(8,916 |
) |
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(869 |
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Less: Proforma adjustments |
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Depreciation of property, plant and equipment |
1,199 |
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(217 |
) |
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970 |
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555 |
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Amortization of intangible assets |
1,966 |
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(10,055 |
) |
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(9,498 |
) |
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(33,717 |
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Amortization of inventory step-up |
9,715 |
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(5,051 |
) |
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15,818 |
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(26,503 |
) |
Impairment of intangible assets |
— |
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— |
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— |
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1,519 |
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Acquisition and integration expenses |
982 |
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— |
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16,389 |
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(16,389 |
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Interest expense |
360 |
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(3,806 |
) |
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(5,029 |
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(11,460 |
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Income tax benefit |
(126 |
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— |
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1,760 |
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— |
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Net income (loss) – proforma combined |
$ |
4,929 |
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$ |
(11,960 |
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$ |
21,755 |
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$ |
(33,920 |
) |
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Net income (loss) per share - proforma combined: |
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Basic |
$ |
0.07 |
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$ |
(0.19 |
) |
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$ |
0.33 |
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$ |
(0.53 |
) |
Diluted |
$ |
0.07 |
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$ |
(0.19 |
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$ |
0.31 |
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$ |
(0.53 |
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Shares used to compute net income (loss) per share - proforma combined |
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Basic |
66,712 |
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64,241 |
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65,950 |
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63,454 |
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Diluted |
69,668 |
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64,241 |
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69,491 |
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63,454 |
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