XML 59 R42.htm IDEA: XBRL DOCUMENT v3.3.1.900
Acquisitions - Additional Information (Detail) - USD ($)
 3 Months Ended 12 Months Ended
May. 19, 2015
May. 01, 2015
Mar. 18, 2015
Apr. 01, 2014
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Business Acquisition [Line Items]                              
Increased finished goods - inventory                         $ 27,336,000 $ 34,125,000 $ 16,667,000
Accrued liabilities adjusted amount       $ 4,311,000                      
Business acquisition net of cash paid                         34,396,000 44,122,000  
Business acquisition cash acquired                           $ 1,277,000  
Earn-out consideration value                         8,740,000    
Common stock.shares representing fixed portion of consideration                 65,772         65,772  
Common stock value                 $ 5,060,000         $ 5,060,000  
Initial value of earn out portion of consideration                           3,840,000  
Accounts receivable gross                 4,332,000         4,332,000  
Accounts receivable expected to be uncollectible                 343,000         343,000  
Acquisition transaction expenses                             0
Change in the fair value of contingent consideration                           3,840,000  
Deferred income tax liabilities         $ 4,848,000       3,640,000       4,848,000 3,640,000  
Income tax expense         (2,591,000) $ (466,000) $ 1,285,000 $ 1,384,000 3,309,000 $ 3,996,000 $ 2,250,000 $ 1,258,000 (388,000) 10,813,000 4,759,000
Tax effect adjustments in additional paid-in-capital                           (681,000)  
Operating Income Loss         $ 738,000 $ (1,388,000) $ (4,475,000) $ (4,070,000) (9,111,000) $ (7,519,000) $ (5,893,000) $ (3,521,000) (9,195,000) (26,044,000) (14,967,000)
Amortization expense                         4,582,000 1,013,000  
Total transaction cost related to acquisition                         $ 526,000    
5.50% Senior Notes [Member]                              
Business Acquisition [Line Items]                              
Interest rate on senior notes         5.50%               5.50%    
Level 3 [Member]                              
Business Acquisition [Line Items]                              
Business acquisition, contingent consideration liability                 0         $ 0  
Contingent Consideration Classified as Equity [Member]                              
Business Acquisition [Line Items]                              
Earn-out consideration, common stock shares                           131,544  
Additional Paid-in Capital [Member]                              
Business Acquisition [Line Items]                              
Tax effect adjustments in additional paid-in-capital                           $ (681,000)  
Powertrain Integration, LLC [Member]                              
Business Acquisition [Line Items]                              
Earn-out consideration initial purchase price $ 20,873,000                       $ 20,776,000    
Business acquisition, contingent consideration liability 8,200,000                            
Provisional aggregate purchase price 28,976,000                            
Working capital adjustment                         97,000    
Increased finished goods - inventory                         22,000    
Accrued liabilities adjusted amount $ 832,000                            
Powertrain Integration, LLC [Member] | 5.50% Senior Notes [Member]                              
Business Acquisition [Line Items]                              
Interest rate on senior notes 5.50%                            
Bi-Phase Technologies, LLC [Member]                              
Business Acquisition [Line Items]                              
Interest rate on senior notes   5.50%                          
Earn-out consideration initial purchase price   $ 3,619,000                     3,885,000    
Business acquisition, contingent consideration liability   540,000                          
Provisional aggregate purchase price   4,425,000                          
Working capital adjustment   (266,000)                     266,000    
Increased finished goods - inventory                         $ 226,000    
Accrued liabilities adjusted amount   47,000                          
Business acquisition agreement date                         May 01, 2015    
Initial cash purchase price on acquisition   $ 3,500,000                          
Buck's Acquisition Company, LLC [Member]                              
Business Acquisition [Line Items]                              
Increased finished goods - inventory                         $ 290,000    
Business acquisition agreement date                         Mar. 18, 2015    
Initial cash purchase price on acquisition     $ 9,735,000                        
Professional Power Products, Inc. [Member]                              
Business Acquisition [Line Items]                              
Earn-out consideration initial purchase price       54,300,000                      
Increased finished goods - inventory                           482,000  
Business acquisition net of cash paid       45,400,000                 $ 44,122,000    
Business acquisition cash acquired       1,300,000                 1,277,000    
Earn-out consideration minimum payable value       5,000,000                      
Earn-out consideration maximum payable value       $ 15,000,000                      
Common stock issued, price per share       $ 76.02                      
Earn-out consideration value       $ 8,900,000                      
Acquisition transaction expenses                           3,474,000  
Deferred income tax liabilities                 1,570,000         1,570,000 $ 681,000
Income tax expense                           1,570,000  
Goodwill, expected tax deductible amount                 18,000,000         18,000,000  
Net Intercompany sales                           20,400,000  
Operating Income Loss                           2,000,000  
Amortization expense                           2,108,000  
Total transaction cost related to acquisition                           811,000  
Professional Power Products, Inc. [Member] | Additional Paid-in Capital [Member]                              
Business Acquisition [Line Items]                              
Tax effect adjustments in additional paid-in-capital                           681,000  
Wells Fargo Bank, N.A [Member]                              
Business Acquisition [Line Items]                              
Line of credit       5,000,000                      
Securing term loan       5,000,000                      
General and Administrative Expense [Member]                              
Business Acquisition [Line Items]                              
Total transaction cost related to acquisition                 $ 811,000         811,000  
Adjustment [Member]                              
Business Acquisition [Line Items]                              
Accrued liabilities adjusted amount       1,054,000                      
Reversal of liability                           $ 3,840,000  
Adjustment [Member] | Powertrain Integration, LLC [Member]                              
Business Acquisition [Line Items]                              
Business acquisition, contingent consideration liability $ 8,200,000       $ 8,248,000               $ 8,248,000    
Provisional aggregate purchase price 28,976,000                            
Working capital adjustment 97,000                            
Accrued liabilities adjusted amount $ 591,000                            
Adjustment [Member] | Professional Power Products, Inc. [Member]                              
Business Acquisition [Line Items]                              
Increased finished goods - inventory       120,000                      
Accrued liabilities adjusted amount       $ 1,054,000                      
Weighted Average [Member] | Powertrain Integration, LLC [Member]                              
Business Acquisition [Line Items]                              
Weighted average useful life                         11 years 6 months    
Weighted Average [Member] | Bi-Phase Technologies, LLC [Member]                              
Business Acquisition [Line Items]                              
Weighted average useful life                         8 years 6 months    
Minimum [Member] | Contingent Consideration Classified as Equity [Member]                              
Business Acquisition [Line Items]                              
Earn-out consideration, common stock shares                           65,772  
Minimum [Member] | Powertrain Integration, LLC [Member]                              
Business Acquisition [Line Items]                              
Percentage of per annum return on base earn-out payment considered for additional earn-out payment 5.00%                            
Minimum [Member] | Bi-Phase Technologies, LLC [Member]                              
Business Acquisition [Line Items]                              
Contingent consideration, earn-out period                         3 years    
Minimum [Member] | Professional Power Products, Inc. [Member]                              
Business Acquisition [Line Items]                              
Earn-out consideration, common stock shares       65,772                      
Maximum [Member] | Contingent Consideration Classified as Equity [Member]                              
Business Acquisition [Line Items]                              
Earn-out consideration, common stock shares                           197,316  
Maximum [Member] | Bi-Phase Technologies, LLC [Member]                              
Business Acquisition [Line Items]                              
Contingent consideration, earn-out period                         5 years    
Maximum [Member] | Professional Power Products, Inc. [Member]                              
Business Acquisition [Line Items]                              
Earn-out consideration, common stock shares       197,316