BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2015

Ft. Wayne Plastics, Inc [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The recognized amounts of identifiable assets acquired and liabilities assumed, based on their fair values as of February 19, 2014 are set forth below:

Current Assets	$	3,076
Long-term assets		4,349
Intangible assets		4,066
Goodwill		2,556
Total assets acquired		14,047
Deferred tax liabilities		(2,440	)
Other liabilities		(832	)
Total liabilities assumed		(3,272	)
Net assets acquired	$	10,775

Business Acquisition, Pro Forma Information

The following unaudited pro forma consolidated financial information is presented as if the FTW acquisition had occurred at the beginning of the periods presented. In addition, this unaudited pro forma financial information is provided for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the acquisition had actually occurred during those periods, or the results that may be obtained in the future as a result of the acquisition.

	2014
Net sales	$	101,186
Gross profit		15,171
Net income		2,538
Average common shares outstanding - Basic		7,951
Dilutive effect of convertible preferred stock		18,859
Average common shares outstanding - Diluted		26,810
Earnings per share common stock - Basic	$	0.32
Earnings per share common stock - Diluted	$	0.09

The amount of revenue and earnings of FWP included in our Consolidated Statements of Income subsequent to the Closing Date are as follows:

	February 20, 2014 - December 31, 2014
Net sales	$	13,966
Net income	$	1,843
Basic earnings per share	$	0.23
Diluted earnings per share	$	0.07

The amount of revenue and earnings of Tiffin included in our Consolidated Statements of Income subsequent to the Closing Date are as follows:

	April 7, 2015 - December 31, 2015
Net sales	$	18,974
Net income	$	1,051
Earnings per share common stock - Basic	$	0.13
Earnings per share common stock - Diluted	$	0.13

Centrex Plastics, LLC [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The Company recorded the tangible and intangible assets acquired and liabilities assumed at their estimated fair values as of the date of the acquisition as outlined in the table below (amounts in thousands):

Accounts receivable	$	757
Inventory		1,399
Property and equipment		2,317
Intangible assets		17,789
Goodwill		5,821
Total assets acquired		28,083
Accounts payable		2,162
Accrued expenses		66
Total liabilities assumed		2,228
Net assets acquired	$	25,855

Tiffin, Ohio [Member]

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The following unaudited pro forma consolidated financial information is presented as if the Tiffin, Ohio acquisition had occurred at the beginning of the periods presented. In addition, this unaudited pro forma financial information is provided for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the acquisition had actually occurred during those periods, or the results that may be obtained in the future as a result of the acquisition.

	2015			2014
Net Sales	$	120,686		$	126,559
Gross profit		17,369			18,730
Net (loss) income		(6,084	)		1,355
Average common shares outstanding - Basic		7,951			7,951
Dilutive effect of convertible preferred stock		-			18,859
Average common shares outstanding - Diluted		7,951			26,810
Earnings per share common stock - Basic	$	(0.77	)	$	0.17
Earnings per share common stock - Diluted	$	(0.77	)	$	0.05