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Acquisition
6 Months Ended
Jun. 30, 2020
Business Combinations [Abstract]  
Acquisition Acquisition

On May 31, 2019, the Company acquired EFCO, Inc. d/b/a Erie Press Systems (“EP”) for $8.1 million in cash, of which $7.6 million was paid at closing and $0.5 million was paid in the third quarter of 2019.  The purchase price allocation for EP was finalized as of December 31, 2019. The purchase agreement stipulates potential contingent consideration of up to an additional $1.0 million based on two-year cumulative earnings before interest and taxes. The estimated fair value of the contingent consideration, valued using level 3 inputs, was approximately $1.0 million as of June 30, 2020.