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Discontunued Operations (Notes)
 9 Months Ended
Sep. 30, 2013
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Note 2 — Discontinued Operations

On October 11, 2013, the Company entered into an Asset Purchase Agreement to sell substantially all of the assets of ASMP, a wholly owned subsidiary, to Nelson Stud Welding, Inc. (“Buyer”), an indirect subsidiary of Doncasters Group Limited, for a cash purchase price of $12.5 million, subject to adjustments based on the closing date net working capital, plus the assumption of certain liabilities. In addition, the transaction contemplates that the Buyer will lease the real property located in Decatur, Alabama currently used by ASMP. The transaction is expected to close in the fourth quarter of 2013, subject to customary closing conditions, including Committee on Foreign Investment in the United States ("CFIUS") clearance. The Company has reclassified ASMP's operating results as discontinued operations for all periods presented.

The following table details the components of income from discontinued operations:
 
 
(Dollars in thousands)
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Net sales of ASMP
 
$
4,653

 
$
4,121

 
$
14,202

 
$
13,237

 
 
 
 
 
 
 
 
 
Pre-tax income (loss) from discontinued operations
 
 
 
 
 
 
 
 
ASMP
 
$
734

 
$
391

 
$
2,124

 
$
1,671

Other discontinued operations
 
—

 
(3
)
 
(33
)
 
(33
)
Total pre-tax income
 
734

 
388

 
2,091

 
1,638

Income tax expense
 
(316
)
 
(149
)
 
(904
)
 
(642
)
Income from discontinued operations
 
$
418

 
$
239

 
$
1,187

 
$
996

 
 
 
 
 
 
 
 
 
Basic and diluted income per share
 
 
 
 
 
 
 
 
ASMP
 
$
0.05

 
$
0.03

 
$
0.14

 
$
0.12

Other discontinued operations
 
—

 
—

 
—

 
—

Total
 
$
0.05

 
$
0.03

 
$
0.14

 
$
0.12