Note 16. Subsequent Events
DRT Medical Acquisition
On October 2, 2017, we
acquired 100% of the membership interests of DRT Medical, LLC, (DRT Medical) for $38.6 million in cash, subject to certain post-closing adjustments. DRT Medical is a supplier of precision manufactured medical instruments and
orthopedic implants with locations in Ohio and Pennsylvania. Operating results of DRT Medical will be reported prospectively in our PEP segment. The effects of this acquisition are not reflected in the condensed consolidated financial statements
presented in this Quarterly Report on Form 10-Q because the acquisition occurred subsequent to September 30, 2017. We are in the process of analyzing the opening balance sheet and purchase price
allocation. We incurred approximately $0.6 million in acquisition related costs, primarily with respect to DRT Medical, during the three-month and nine-month periods ended September 30, 2017.
Interest Rate Swap
Effective October 27, 2017, we
terminated our interest rate swap with a cash payment of $1.3 million.