XML 149 R27.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Subsequent Events | 12 Months Ended
--- | ---
Dec. 31, 2015
Subsequent Events [Abstract] |
Subsequent Events | SUBSEQUENT EVENTS Acquisition of Westech Vac Systems Ltd. On January 5, 2016, the Company completed the acquisition of 100% of the stock of Westech Vac Systems, Ltd. (“Westech”), a Canadian manufacturer of high-quality, rugged vacuum trucks, from Advance Engineered Products Ltd. for an initial purchase price of C$8.0 million (approximately U.S. $5.8 million), subject to certain working capital adjustments. At closing, the Company paid an additional C$0.7 million (approximately U.S. $0.5 million) as a preliminary working capital adjustment. Any additional working capital adjustment is expected to be finalized in the first quarter of 2016. The preliminary purchase price allocation has not been completed at this time, due to the proximity of the date of acquisition to the date of issuance of the consolidated financial statements. The Company expects that Westech will provide an efficient entry into a new line of product offerings and access to new markets. The post-acquisition operating results of Westech are expected to be included within the Environmental Solutions Group. Execution of 2016 Credit Agreement See Note 5 – Debt for discussion of the execution of the 2016 Credit Agreement on January 27, 2016. Sale of Bronto See Note 14 – Discontinued Operations for discussion of the completion of the sale of Bronto on January 29, 2016. Execution of Definitive Agreement to Acquire Joe Johnson Equipment (“JJE”) On February 29, 2016, the Company announced the signing of a definitive agreement to acquire substantially all of the assets and operations of JJE, a Canadian-based distributor of maintenance equipment for municipal and industrial markets, for initial consideration of C$108.0 million (approximately U.S. $79 million), subject to certain post-closing adjustments. In addition, there is a deferred payment of C$8.0 million and a contingent earn-out payment of up to C$10.0 million. The earn-out payment is contingent upon the achievement of certain financial targets and objectives. The Company anticipates that the transaction will close by the end of the second quarter of 2016.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration