Subsequent Event

6 Months Ended

Jun. 30, 2016

Subsequent Event [Abstract]

Subsequent Event

Note 16.  Subsequent Event

In August 2016, the Company acquired substantially all of the assets and certain liabilities of Power Flame Incorporated ("PFI")  located in Parsons, Kansas.  The Company paid a purchase price of approximately $43,000, which is subject to certain post-closing adjustments, from available cash balances in early August 2016.  $5,000 of the purchase price will be held in escrow for up to two years pending the final resolution of any post-closing adjustments and indemnifications.  Approximately $75 of acquisition related costs have been expensed by the Company in the six-month period ended June 30, 2016.  The Company has not yet completed its allocation of the purchase price to the fair values of the various assets and liabilities acquired.  The Company does not expect PFI's revenues or profits to be material to the Company's 2016 operating results.

PFI, which began operations in 1948, manufactures and sells gas, oil and combination gas/oil burners and combustion control systems designed for commercial, industrial and process applications.