Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Acquisitions

Schedule of unaudited pro forma effect on consolidated operating results

	Year Ended December 31,
	2013		2012
	(in thousands)
Sales	$	342,919	$	371,176
Net income from continuing operations		7,909		18,956
Diluted earnings per share from continuing operations	$	0.66	$	1.62

Forkardt

Acquisitions

Schedule of allocation of purchase price to the assets acquired and liabilities assumed

	May 9, 2013
	(in thousands)
Assets Acquired
Accounts receivable	$	5,521
Inventory		5,357
Other current assets		1,180
Property, plant and equipment		6,271
Other non-current assets		105
Trade name, customer list, and other intangible assets		14,614
Total assets acquired		33,048
Liabilities Assumed
Accounts payable and other current liabilities		3,342
Other non-current liabilities		1,134
Net assets acquired		28,572
Total purchase price		34,250
Goodwill	$	5,678

Assets associated with Usach acquisition

Acquisitions

Schedule of allocation of purchase price to the assets acquired and liabilities assumed

	December 20, 2012
	(in thousands)
Assets Acquired
Cash and cash equivalents	$	2,482
Accounts receivable, net		2,514
Inventory, net		5,167
Other current assets		788
Property, plant and equipment		62
Trade name, customer list, and other intangible assets		9,400
Total assets acquired		20,413
Liabilities Assumed
Accounts payable and other current liabilities		6,807
Other non-current liabilities		3,513
Net assets acquired		10,093
Purchase price, including cash received		18,750
Goodwill	$	8,657