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Subsequent Event
9 Months Ended
Sep. 30, 2017
Subsequent Events [Abstract]  
Subsequent Event
SUBSEQUENT EVENT

On October 2, 2017, the Company acquired certain net assets of the forage division of the Lely Group (“Lely”) for approximately €88.7 million (or approximately $104.1 million). Lely, headquartered in Maassluis, Netherlands, is a leading manufacturer of hay and forage equipment in Europe. The acquisition was financed through the Company’s credit facility (Note 6). The Company will allocate the purchase price to the assets acquired and liabilities assumed based on preliminary estimates of their fair values as of the acquisition date. The acquired net assets primarily consisted of accounts receivable, inventories, property, plant and equipment, accounts payable and accrued expenses, goodwill and certain identifiable intangible assets.