Quarterly report pursuant to Section 13 or 15(d)

Acquisitions

v2.4.0.8
Acquisitions
9 Months Ended
Sep. 30, 2013
Acquisitions [Abstract]  
Acquisitions

NOTE 2.  ACQUISITIONS

 

POC Sweden AB

 

On July 2, 2012, the Company acquired all of the issued and outstanding shares of capital stock of POC Sweden AB (“POC”), a Stockholm-based developer and manufacturer of protective gear for action sports athletes pursuant to the terms of the Share Transfer Agreement dated as of June 7, 2012, and as amended on July 2, 2012, by and among the Company, Ember Scandinavia AB, a Swedish corporation and a wholly owned subsidiary of the Company, and the shareholders of POC.

 

PIEPS Holding GmbH

 

On October 1, 2012, the Company acquired all of the issued and outstanding shares of capital stock of PIEPS Holding GmbH and its subsidiaries PIEPS GmbH and Pieps Corporation (collectively, “PIEPS”), a leading Austrian designer and marketer of avalanche beacons and snow safety products pursuant to the terms of the Share Purchase Agreement dated as of September 24, 2012, by and among the Company, ADMIN BG Holding GmbH (now named Black Diamond Austria GmbH), an Austrian corporation and a wholly-owned subsidiary of the Company, and the Seidel Privatstiftung.

 

Pro Forma Results

 

The following pro forma results are based on the individual historical results of the Company and POC and PIEPS, with adjustments to give effect to the combined operations as if the acquisitions had been consummated at the beginning of the period presented.  The pro forma results are intended for information purposes only and do not purport to represent what the Company’s results of operations would actually have been had the Company’s acquisitions of POC and PIEPS in fact occurred at the beginning of the earliest periods presented.

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended,

 

 

September 30, 2012

 

September 30, 2012

 

 

 

 

 

 

 

Sales

 

$

49,775 

 

$

135,251 

Net income

 

$

1,035 

 

$

(864)

Net income per share - basic

 

$

0.03 

 

$

(0.03)

Net income per share - diluted

 

$

0.03 

 

$

(0.03)