GOODWILL AND INTANGIBLE ASSETS (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013	Sep. 30, 2014		Sep. 30, 2013	Dec. 31, 2013
Amortizable intangible assets
Gross amortizable intangible assets	$ 28,621			$ 28,621			$ 27,270
Accumulated amortization	(9,616)			(9,616)			(8,281)
Amortizable intangible assets, net	19,005			19,005			18,989
Indefinite lived intangible assets	12,025			12,025			13,074
Intangible assets other than goodwill, net	31,030			31,030			32,063
Amortization expense related to amortizable intangible assets	448		440	1,339		1,125
Assets associated with Bridgeport acquisition | Assets
Amortizable intangible assets
Indefinite lived intangible assets	7,225	[1]		7,225	[1]		7,354	[1]
Usach | Trade names
Amortizable intangible assets
Indefinite lived intangible assets	630	[2]		630	[2]		1,550	[2]
Forkardt | Trade names
Amortizable intangible assets
Indefinite lived intangible assets	4,170	[3]		4,170	[3]		4,170	[3]
Land rights
Amortizable intangible assets
Gross amortizable intangible assets	2,827			2,827			2,865
Accumulated amortization	(217)			(217)			(177)
Patents
Amortizable intangible assets
Gross amortizable intangible assets	3,065			3,065			3,030
Accumulated amortization	(2,936)			(2,936)			(2,884)
Technical know-how, customer list, and other
Amortizable intangible assets
Gross amortizable intangible assets	22,729			22,729			21,375
Accumulated amortization	$ (6,463)			$ (6,463)			$ (5,220)

[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.