GOODWILL AND INTANGIBLE ASSETS (Details 2) (USD $)	3 Months Ended			6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013	Dec. 31, 2013
Amortizable intangible assets
Gross amortizable intangible assets	$ 28,510,000			$ 28,510,000			$ 27,270,000
Accumulated amortization	(9,176,000)			(9,176,000)			(8,281,000)
Amortizable intangible assets, net	19,334,000			19,334,000			18,989,000
Indefinite lived intangible assets	13,091,000			13,091,000			13,074,000
Intangible assets other than goodwill, net	32,425,000			32,425,000			32,063,000
Amortization expense related to amortizable intangible assets	500,000		400,000	900,000		700,000
Assets associated with Bridgeport acquisition | Assets
Amortizable intangible assets
Indefinite lived intangible assets	7,371,000	[1]		7,371,000	[1]		7,354,000	[1]
Usach | Trade names
Amortizable intangible assets
Indefinite lived intangible assets	1,550,000	[2]		1,550,000	[2]		1,550,000	[2]
Forkardt | Trade names
Amortizable intangible assets
Indefinite lived intangible assets	4,170,000	[3]		4,170,000	[3]		4,170,000	[3]
Land rights
Amortizable intangible assets
Gross amortizable intangible assets	2,797,000			2,797,000			2,865,000
Accumulated amortization	(200,000)			(200,000)			(177,000)
Patents
Amortizable intangible assets
Gross amortizable intangible assets	3,052,000			3,052,000			3,030,000
Accumulated amortization	(2,918,000)			(2,918,000)			(2,884,000)
Technical know-how, customer list, and other
Amortizable intangible assets
Gross amortizable intangible assets	22,661,000			22,661,000			21,375,000
Accumulated amortization	$ (6,058,000)			$ (6,058,000)			$ (5,220,000)

[1] Represents the aggregate value of the trade name, trademarks and copyrights associated with the former worldwide operations of Bridgeport. The Bridgeport brand name is used on all of the machining center lines. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life.

[2] Represents the value of the trade name associated with Usach, which the Company acquired in 2012. The Usach trade name is used on all of the grinding machines and grinding systems manufactured by Usach. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life.

[3] Represents the value of the trade name associated with Forkardt, which the Company acquired in 2013. The Forkardt trade name is used on all of the products manufactured by Forkardt. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life.