XML 60 R43.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Acquisitions - Summary of Estimates of Fair Value of the Assets Acquired and the Liabilities Assumed as of the Acquisition Date (Detail) - USD ($) $ in Thousands |  |  | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
May. 19, 2015 | May. 01, 2015 | Dec. 31, 2015 | Mar. 18, 2015 | Dec. 31, 2014 | Apr. 01, 2014
Assets acquired: |  |  |  |  |  |
Cash |  |  |  |  |  | $ 1,277
Accounts receivable |  |  |  |  |  | 3,989
Inventories |  |  |  |  |  | 4,953
Prepaid expenses and other current assets |  |  |  |  |  | 243
Property, plant & equipment |  |  |  |  |  | 2,596
Total tangible assets |  |  |  |  |  | 13,058
Intangible assets: |  |  |  |  |  |
Intangible assets |  |  |  |  |  | 23,500
Goodwill |  |  | $ 41,466 |  | $ 23,546 | 23,546
Total assets acquired |  |  |  |  |  | 60,104
Total assets acquired |  |  |  |  |  | 60,104
Liabilities assumed: |  |  |  |  |  |
Accounts payable |  |  |  |  |  | 1,494
Accrued liabilities |  |  |  |  |  | 4,311
Total liabilities assumed |  |  |  |  |  | 5,805
Total liabilities assumed |  |  |  |  |  | 5,805
Net assets acquired |  |  |  |  |  | 54,299
As Previously Reported [Member] |  |  |  |  |  |
Assets acquired: |  |  |  |  |  |
Cash |  |  |  |  |  | 1,277
Accounts receivable |  |  |  |  |  | 3,989
Inventories |  |  |  |  |  | 5,073
Prepaid expenses and other current assets |  |  |  |  |  | 243
Property, plant & equipment |  |  |  |  |  | 2,596
Total tangible assets |  |  |  |  |  | 13,178
Intangible assets: |  |  |  |  |  |
Intangible assets |  |  |  |  |  | 23,500
Goodwill |  |  |  |  |  | 22,372
Total assets acquired |  |  |  |  |  | 59,050
Total assets acquired |  |  |  |  |  | 59,050
Liabilities assumed: |  |  |  |  |  |
Accounts payable |  |  |  |  |  | 1,494
Accrued liabilities |  |  |  |  |  | 3,257
Total liabilities assumed |  |  |  |  |  | 4,751
Total liabilities assumed |  |  |  |  |  | 4,751
Net assets acquired |  |  |  |  |  | 54,299
Adjustment [Member] |  |  |  |  |  |
Assets acquired: |  |  |  |  |  |
Inventories |  |  |  |  |  | (120)
Total tangible assets |  |  |  |  |  | (120)
Intangible assets: |  |  |  |  |  |
Goodwill |  |  |  |  |  | 1,174
Total assets acquired |  |  |  |  |  | 1,054
Total assets acquired |  |  |  |  |  | 1,054
Liabilities assumed: |  |  |  |  |  |
Accrued liabilities |  |  |  |  |  | 1,054
Total liabilities assumed |  |  |  |  |  | 1,054
Total liabilities assumed |  |  |  |  |  | $ 1,054
Powertrain Integration, LLC [Member] |  |  |  |  |  |
Assets acquired: |  |  |  |  |  |
Accounts receivable | $ 4,931 |  |  |  |  |
Inventories | 1,890 |  |  |  |  |
Prepaid expenses and other current assets | 23 |  |  |  |  |
Property, plant & equipment | 314 |  |  |  |  |
Other assets | 24 |  |  |  |  |
Total tangible assets | 7,182 |  |  |  |  |
Intangible assets: |  |  |  |  |  |
Intangible assets | 13,600 |  |  |  |  |
Goodwill | 14,977 |  |  |  |  |
Total assets acquired | 35,759 |  |  |  |  |
Total assets acquired | 35,759 |  |  |  |  |
Liabilities assumed: |  |  |  |  |  |
Accounts payable | 5,951 |  |  |  |  |
Accrued liabilities | 832 |  |  |  |  |
Total liabilities assumed | 6,783 |  |  |  |  |
Total liabilities assumed | 6,783 |  |  |  |  |
Net assets acquired | 28,976 |  |  |  |  |
Contingent consideration | 8,200 |  |  |  |  |
Working capital adjustment |  |  | (97) |  |  |
Aggregate consideration | 28,976 |  |  |  |  |
Powertrain Integration, LLC [Member] | As Previously Reported [Member] |  |  |  |  |  |
Assets acquired: |  |  |  |  |  |
Accounts receivable | 4,942 |  |  |  |  |
Inventories | 1,890 |  |  |  |  |
Prepaid expenses and other current assets | 23 |  |  |  |  |
Property, plant & equipment | 315 |  |  |  |  |
Other assets | 24 |  |  |  |  |
Total tangible assets | 7,194 |  |  |  |  |
Intangible assets: |  |  |  |  |  |
Intangible assets | 13,600 |  |  |  |  |
Goodwill | 14,471 |  |  |  |  |
Total assets acquired | 35,265 |  |  |  |  |
Total assets acquired | 35,265 |  |  |  |  |
Liabilities assumed: |  |  |  |  |  |
Accounts payable | 5,951 |  |  |  |  |
Accrued liabilities | 241 |  |  |  |  |
Total liabilities assumed | 6,192 |  |  |  |  |
Total liabilities assumed | 6,192 |  |  |  |  |
Net assets acquired | 29,073 |  |  |  |  |
Powertrain Integration, LLC [Member] | Adjustment [Member] |  |  |  |  |  |
Assets acquired: |  |  |  |  |  |
Accounts receivable | (11) |  |  |  |  |
Property, plant & equipment | (1) |  |  |  |  |
Total tangible assets | (12) |  |  |  |  |
Intangible assets: |  |  |  |  |  |
Goodwill | 506 |  |  |  |  |
Total assets acquired | 494 |  |  |  |  |
Total assets acquired | 494 |  |  |  |  |
Liabilities assumed: |  |  |  |  |  |
Accrued liabilities | 591 |  |  |  |  |
Total liabilities assumed | 591 |  |  |  |  |
Total liabilities assumed | 591 |  |  |  |  |
Net assets acquired | (97) |  |  |  |  |
Cash paid at date of acquisition | 20,873 |  |  |  |  |
Contingent consideration | 8,200 |  | 8,248 |  |  |
Working capital adjustment | (97) |  |  |  |  |
Aggregate consideration | $ 28,976 |  |  |  |  |
Bi-Phase Technologies, LLC [Member] |  |  |  |  |  |
Assets acquired: |  |  |  |  |  |
Accounts receivable |  | $ 212 |  |  |  |
Inventories |  | 2,103 |  |  |  |
Prepaid expenses |  | 4 |  |  |  |
Property, plant & equipment |  | 113 |  |  |  |
Other assets |  | 162 |  |  |  |
Total tangible assets |  | 2,594 |  |  |  |
Intangible assets: |  |  |  |  |  |
Intangible assets |  | 860 |  |  |  |
Goodwill |  | 1,217 |  |  |  |
Total assets acquired |  | 4,671 |  |  |  |
Total assets acquired |  | 4,671 |  |  |  |
Liabilities assumed: |  |  |  |  |  |
Accounts payable |  | 199 |  |  |  |
Accrued liabilities |  | 47 |  |  |  |
Total liabilities assumed |  | 246 |  |  |  |
Total liabilities assumed |  | 246 |  |  |  |
Net assets acquired |  | 4,425 |  |  |  |
Cash paid at date of acquisition |  | 3,619 |  |  |  |
Contingent consideration |  | 540 |  |  |  |
Working capital adjustment |  | 266 | $ (266) |  |  |
Aggregate consideration |  | $ 4,425 |  |  |  |
Buck's Acquisition Company, LLC [Member] |  |  |  |  |  |
Assets acquired: |  |  |  |  |  |
Inventories |  |  |  | $ 6,598 |  |
Property, plant & equipment |  |  |  | 231 |  |
Total tangible assets |  |  |  | 6,829 |  |
Intangible assets: |  |  |  |  |  |
Intangible assets |  |  |  | 1,380 |  |
Goodwill |  |  |  | 1,526 |  |
Total assets acquired |  |  |  | 9,735 |  |
Total assets acquired |  |  |  | $ 9,735 |  |

X
- Definition Aggregate Purchase Price Amount + References No definition available. + Details
Name: | psix_AggregatePurchasePriceAmount
Namespace Prefix: | psix_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Business Acquisition Purchase Price Allocation Tangible Assets1 + References No definition available. + Details
Name: | psix_BusinessAcquisitionPurchasePriceAllocationTangibleAssets1
Namespace Prefix: | psix_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Business combination cash paid at date of acquisition. + References No definition available. + Details
Name: | psix_BusinessCombinationCashPaidAtDateOfAcquisition
Namespace Prefix: | psix_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Business combination net working capital adjustments. + References No definition available. + Details
Name: | psix_BusinessCombinationNetWorkingCapitalAdjustments
Namespace Prefix: | psix_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Business combination, recognized identifiable assets acquired and liabilities assumed, current assets, prepaid expenses. + References No definition available. + Details
Name: | psix_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenses
Namespace Prefix: | psix_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets And Goodwill + References No definition available. + Details
Name: | psix_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsAndGoodwill
Namespace Prefix: | psix_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of liability recognized arising from contingent consideration in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 35 -Paragraph 1 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=6911338&loc=d3e6819-128478 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 25 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6408-128476 + Details
Name: | us-gaap_BusinessCombinationContingentConsiderationLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of liabilities due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Definition Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of assets, excluding financial assets and goodwill, that lack physical substance, having a projected indefinite period of benefit, acquired at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of inventory recognized as of the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 55 -Paragraph 37 -URI http://asc.fasb.org/extlink&oid=35744172&loc=d3e2207-128464 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of liabilities assumed at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 55 -Paragraph 37 -URI http://asc.fasb.org/extlink&oid=35744172&loc=d3e2207-128464 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of other assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of property, plant, and equipment recognized as of the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 55 -Paragraph 37 -URI http://asc.fasb.org/extlink&oid=35744172&loc=d3e2207-128464 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266 + Details
Name: | us-gaap_Goodwill
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

X
- Details
Name: | us-gaap_StatementScenarioAxis=us-gaap_ScenarioPreviouslyReportedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=us-gaap_RestatementAdjustmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=psix_PowertrainIntegrationLimitedLiabilityCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=psix_BiphaseTechnologiesLimitedLiabilityCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=psix_BucksEnginesLimitedPartnershipMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |