Acquisition

6 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

Acquisition

ACQUISITIONS

In April 2015, we acquired 100% of the outstanding capital stock of Advantage Industrial Automation, Inc. (“Advantage”), which provides control and automation solutions to industrial users, OEMs and system integrators, for $18,093 in cash, net of cash acquired. The purchase price allocation resulted in approximately $7,057 and $8,283 of tax deductible goodwill and other intangible assets, respectively.

Since the date of acquisition, the Advantage results are reflected in our Condensed Consolidated Financial Statements. Pro forma results of this acquisition were not material; therefore, they are not presented.

On July 1, 2016, we purchased Cape Electrical Supply ("Cape Electric"), a regional distributor serving electrical contractors and large engineering construction firms, as well as industrial, institutional and utility customers with annual revenues of approximately $125,000. Cape Electric was founded in 1953 and is headquartered in Cape Girardeau, Missouri with 17 locations in the central United States.