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Business Combinations Business Combinations (Tables)
6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Schedule of Consideration Paid for the Acquisition
The following table summarizes the consideration paid for the acquisition:
 
Consideration
Cash
$
8,151

Common stock
1,679

Contingent consideration
667

Total
$
10,497

Schedule of Fair Value of Identified Assets and Liabilities Acquired
The fair value of identified assets and liabilities acquired was as follows:
 
Fair value
Property, plant and equipment
$
47

Intangibles
2,531

Goodwill
2,488

Accrued liabilities
(14
)
Total
$
5,052

The fair value of identified assets and liabilities acquired was as follows:
 
Fair value
Cash
$
125

Accounts receivable
265

Inventories
844

Prepaid and other
116

Intangibles
3,180

Property, plant and equipment
292

Goodwill
6,545

Trade accounts payable
(420
)
Accrued liabilities
(395
)
Stock registration costs
(55
)
Total
$
10,497

Schedule of Revenue and Earnings of the Combined Entity as Though the Business Combination
Revenue and earnings of the combined entity as though the business combination occurred as of January 1, 2013 were as follows:
 
Three months ended June 30,
 
Six months ended June 30,
 
2014
 
2013
 
2014
 
2013
Revenue
$
14,111

 
$
12,531

 
$
27,088

 
$
24,694

Earnings
934

 
1,038

 
1,184

 
1,788

Basic earnings per common share
$
0.10

 
$
0.11

 
$
0.13

 
$
0.20

Diluted earnings per common share
$
0.10

 
$
0.11

 
$
0.12

 
$
0.19