XML 24 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
ACQUISITIONS (Details)
3 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 0 Months Ended 1 Months Ended
Sep. 30, 2014
USD ($)
Sep. 30, 2013
USD ($)
Sep. 30, 2014
USD ($)
Sep. 30, 2013
USD ($)
Dec. 31, 2013
USD ($)
Sep. 22, 2014
Voumard
USD ($)
customer
machine_solution
Sep. 22, 2014
Voumard
EUR (€)
Sep. 30, 2014
Voumard
USD ($)
May 09, 2013
Forkardt
USD ($)
Dec. 31, 2013
Forkardt Swiss business
USD ($)
Dec. 31, 2013
Forkardt Swiss business
CHF
Mar. 31, 2014
Forkardt Swiss business
USD ($)
Dec. 31, 2013
Forkardt Swiss business
USD ($)
Sep. 22, 2014
Technical Know How
USD ($)
ACQUISITIONS                            
Purchase price less cash acquired     $ 5,683,000 $ 34,250,000         $ 34,250,000          
Bank debt used in funding of acquisition                 24,300,000          
Cash used in funding of acquisition           2,150,000 1,700,000   10,000,000 6,300,000 5,600,000      
Assets Acquired                            
Accounts receivable                 5,521,000          
Inventories           2,984,000     5,357,000          
Other current assets                 1,257,000          
Property, plant and equipment           259,000     6,271,000          
Other non-current assets                 105,000          
Trade name, customer list, and other intangible assets                 14,614,000          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles           131,000               100,000
Total assets acquired           3,374,000     33,125,000          
Liabilities assumed                            
Accounts payable and other current liabilities           600,000     3,413,000          
Other non-current liabilities                 1,278,000          
Deferred tax liability           162,000                
Net assets           2,612,000     28,434,000       1,200,000  
Goodwill 6,727,000   6,727,000   10,002,000       5,816,000          
Gain from disposal of discontinued operation and income from discontinued operation, net of tax     218,000 0               200,000    
Installed Machine Base (machine solutions)           9,000 9,000              
Customer Base (customers)           2,500 2,500              
Gain on purchase of business     (462,000) 0   (462,000)   (500,000)            
Supplemental Pro Forma Information                            
Sales 70,442,000 83,097,000 223,776,000 250,600,000                    
Net (loss) income from continuing operations(1) (8,164,000) 1,603,000 (13,200,000) 4,017,000                    
Diluted (loss) earnings per share from continuing operations (in dollars per share) $ (0.64) $ 0.14 $ (1.04) $ 0.34                    
Restructuring Charges               $ 4,800,000