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ACQUISITION (Details)
1 Months Ended 6 Months Ended 0 Months Ended 3 Months Ended 6 Months Ended 0 Months Ended
Mar. 31, 2014
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2013
USD ($)
Dec. 31, 2013
USD ($)
May 09, 2013
USD ($)
May 09, 2013
Forkardt
USD ($)
Jun. 30, 2014
Forkardt
USD ($)
Jun. 30, 2013
Forkardt
USD ($)
Jun. 30, 2014
Forkardt
USD ($)
Jun. 30, 2013
Forkardt
USD ($)
Dec. 31, 2013
Forkardt Swiss business
USD ($)
Dec. 31, 2013
Forkardt Swiss business
CHF
Dec. 31, 2013
Forkardt Swiss business
USD ($)
ACQUISITION                          
Total assets acquired         $ 33,125,000                
Purchase price less cash acquired   3,533,000 34,250,000     34,250,000              
Bank debt used in funding of acquisition           24,300,000              
Cash used in funding of acquisition           10,000,000         6,300,000 5,600,000  
Net assets         28,434,000               1,200,000
Gain from disposal of discontinued operation and income from discontinued operation, net of tax 218,000 218,000 0                    
Supplemental Pro Forma Information                          
Sales             78,851,000 82,556,000 149,701,000 160,034,000      
Net income from continuing operations             1,415,000 2,687,000 823,000 3,756,000      
Diluted (loss) earnings per share from continuing operations (in dollars per share)             $ 0.11 $ 0.23 $ 0.06 $ 0.32      
Accounts receivable         5,521,000                
Inventories         5,357,000                
Other current assets         1,257,000                
Property, plant and equipment         6,271,000                
Other non-current assets         105,000                
Trade name, customer list, and other intangible assets         14,614,000                
Accounts payable and other current liabilities         3,413,000                
Other non-current liabilities         1,278,000                
Goodwill   $ 11,624,000   $ 10,002,000 [1] $ 5,816,000                
[1] In accordance with business combination guidance, changes to the purchase price allocation are adjusted retrospectively to the consolidated financial results. The values above include measurement period adjustments recorded in the six months ended June 30, 2014 to primarily revise the fair value of other current assets, accrued expenses and AOCI. The December 31, 2013 balances included in the consolidated balance sheets have been revised to include the effect of the measurement period adjustments.