Subsequent Event

9 Months Ended

Sep. 30, 2016

Subsequent Events [Abstract]

Subsequent Event

Subsequent Event

On October 14, 2016, the Company entered into a definitive agreement (Stock Purchase Agreement), dated as of October 14, 2016, with Pearce Industries, Inc. Pursuant to the Stock Purchase Agreement, the Company will acquire all the outstanding common stock, par value $100.00 per share, of TIW Corporation, a Texas Corporation, for a cash purchase price of $142.7 million. The purchase price is subject to adjustment for cash and working capital at the closing of the transaction and the payment by the Company of certain post-closing bonuses. Closing of the transaction is currently expected to occur in the fourth quarter of 2016.