Nautilus 2015 Annual Report Download - page 47
Download and view the complete annual report
Please find page 47 of the 2015 Nautilus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.The following table sets forth the components of identifiable intangible assets and their estimated fair values and useful lives as of December 31, 2015 (dollars in
thousands):
Estimated fair
value
Estimated useful life
(years)
Weighted-average
amortization period
(years)
Trade name - Octane Fitness $ 23,000
Indefinite
N/A
Trade name - others 2,600
10 - 15
12.5
Patents 12,800
11 - 24
18
Customer relationships 24,700
10 - 15
13
$ 63,100
Summary of Unaudited Pro Forma Information
The following table reflects the unaudited pro forma consolidated results of operations for the period presented, as though the acquisition of Octane had occurred
on January 1, 2014 (in thousands):
(unaudited)
Year Ended December 31,
2015
2014
Net sales $ 400,078
$ 338,990
Net income 29,352
20,233
Net income per share:
Basic $ 0.94
$ 0.65
Diluted 0.93
0.64
The unaudited pro forma financial information is presented for illustrative purposes only and is not indicative of the results of operations that would have been
realized if the acquisition had been completed on the date indicated, nor is it indicative of future operating results. The pro forma results do not include, for
example, the effects of anticipated synergies from combining the two companies.
(3) DISCONTINUED OPERATIONS
Following is a summary of certain financial information regarding our discontinued operations (in thousands):
Year Ended December 31,
2015
2014
2013
Loss from discontinued operations before income taxes $ (601)
$ (1,134)
$ (559)
Income tax expense (benefit) (400)
454 (389)
Total loss from discontinued operations $ (201)
$ (1,588) $ (170)
The following table summarizes liabilities for exit costs related to discontinued operations, included in accrued liabilities and other long-term liabilities in our
consolidated balance sheets (in thousands):
Facilities
Leases
Balance as of January 1, 2013 $ 1,118
Payments (287)
Balance as of December 31, 2013 831
Payments (258)
Balance as of December 31, 2014 573
Payments (273)
Balance as of December 31, 2015 $ 300
43