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Basis of Presentation (Tables) | 3 Months Ended
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Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Reconciliation of basic earnings per share ("EPS") to diluted EPS | The following is a reconciliation of basic earnings per common share to diluted earnings per share for the three months ended March 31, 2018 and 2017, respectively:
| Three Months Ended March 31,
(in thousands, except per share amounts) | 2018 |  | 2017
Net income available to common stockholders | $ | 25,429 |  |  | $ | 23,121 |
Basic weighted-average shares outstanding | 46,615 |  |  | 47,616 |
Dilutive effect of potential common stock equivalents — stock options and restricted stock units | 394 |  |  | 290 |
Diluted weighted-average shares outstanding | 47,009 |  |  | 47,906 |
Earnings per common share: |  |  |  |  |
Basic | $ | 0.55 |  |  | $ | 0.49 |
Diluted | $ | 0.54 |  |  | $ | 0.48 |
Stock option and restricted stock unit activity of the entity |
Summary of financial instruments | As of March 31, 2018 and 2017 and December 31, 2017, the Company’s investments consisted of only money market funds, which are the Company’s primary financial instruments, maintained in cash equivalents and carried at cost, approximating fair value, based on Level 1 inputs. The balances of the Company's primary financial instruments at the dates indicated were as follows:
| At March 31, |  | At December 31,
(in thousands) | 2018 |  | 2017 |  | 2017
Money market funds | $ | 5,437 |  |  | $ | 3,545 |  |  | $ | 5,293 |
Schedule of effective tax rates and income tax expense |
Schedule of business acquisitions | The following table represents the final allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed in the Gbo Fastening Systems acquisition:
(In thousands) |
Assets * |
| Cash and cash equivalents | $ | 3,956 |
| Accounts receivable | 4,914 |
| Inventory | 13,591 |
| Other current assets | 760 |
| Property, plant, equipment and noncurrent assets | 3,929 |
|  | 27,150 |
Liabilities |
| Accounts payable | 4,500 |
| Other current liabilities | 6,146 |
|  | 10,646 |
Total net assets | 16,504 |
| Gain (adjustment) on bargain purchase of a business | (6,336 | )
| Total purchase price | $ | 10,168 |
* | Intangible assets acquired were determined to have little to no value, thus were not recognized.

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- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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