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Related party transaction
6 Months Ended
Jun. 30, 2014
Related Party Transactions [Abstract]  
Related party transaction

14. Related party transaction

In connection with the acquisition of Professional Power Products, Inc., the Company entered into a lease agreement effective April 1, 2014, with a limited liability company in which one of the former owners of PPPI is the sole member. The lease is for the land, buildings and certain equipment located at PPPI’s facilities in Darien, Wisconsin. The initial term of the lease is for seven years through March 31, 2021 and the initial annual base rent is $480,000 annually which is payable in equal monthly installments. The base rent is subject to annual increases as defined in the lease agreement. In the three months ended June 30, 2014, the Company recognized expense of $120,000 in connection with this lease. See Note 2, “Acquisition of Professional Power Products, Inc.” for further discussion of the acquisition.