STANDARD MOTOR PRODUCTS INC | 2013 | FY | 3

The allocation of purchase price to assets acquired and liabilities assumed is based upon their fair values.  The following table presents the allocation of purchase price to assets acquired and liabilities assumed (in thousands):

Purchase price:
 
  
$
38,594
 
Assets acquired and liabilities assumed:
 
     
Receivables
 
$
9,114
     
Inventory
  
22,736
     
Other current assets
  
60
     
Property, plant and equipment, net
  
1,427
     
Intangible assets
  
8,870
     
Goodwill
  
9,703
     
Current liabilities
  
(13,316
)
    
Net assets acquired
     
$
38,594
 

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