NOTE 15: Acquisitions On July 26, 2011, the Company acquired the Souriau Group (Souriau) for approximately $ 726.7 million, including cash of $ 17.8 million. Souriau is a leading global supplier of highly engineered connectors for harsh environments serving aerospace, defense &amp; space, power generation, rail, and industrial equipment markets. Souriau is included in the Sensors &amp; Systems segment. The following summarizes the allocation of the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition. The allocation of the purchase price is preliminary. Differences between the preliminary and final purchase price allocation could be material. We have not completed our analysis estimating the fair value of property, plant and equipment, intangible assets, income tax liabilities and certain contingent liabilities. The estimated fair value adjustment for inventory is $ 41.7 million, which will be recognized as cost of goods sold over 4.5 months, which is the estimated inventory turnover. The purchase price includes the value of future development of existing technologies, the introduction of new technologies, and the addition of new customers. These factors resulted in recording goodwill of $355.7 million. The amount allocated to goodwill is not deductible for income tax purposes. The Company incurred transaction expenses of $ 9.2 million, which were recorded in selling, general and administrative expense. The Company also benefited from $ 6.3 million in gains related to foreign currency fluctuation associated with acquiring Souriau. In the period from July 26, 2011, through October 28, 2011, Souriau recognized a net loss of $ 19.2 million on sales of $ 77.9 million. In Thousands As of July 26, 2011 Current assets $ 228,694 Property, plant and equipment 91,843 Intangible assets subject to amortization Programs ( 15 year weighted average useful life) 233,903 Trade name ( 10 year weighted average useful life) 46,075 Goodwill 355,735 Other assets 553 Total assets acquired 956,8