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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2013
Information of Company's Results of Operations | The following unaudited pro forma information represents the Company’s results of operations as if the Met-Pro and Aarding acquisitions had occurred as of January 1, 2012:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |
Net sales |  | $ | 264,146 |  |  | $ | 281,345 |
Net income |  | $ | 11,760 |  |  | $ | 12,933 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.46 |  |  | $ | 0.55 |
Diluted |  | $ | 0.45 |  |  | $ | 0.51 |
Aarding Thermal Acoustics B.V. ("Aarding") [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing | The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.
Current assets |  | $ | 15,062 |
Property and equipment |  |  | 959 |
Goodwill |  |  | 7,595 |
Intangible – finite life, net |  |  | 13,477 |
Intangible – indefinite life |  |  | 2,865 |
Total assets acquired |  |  | 39,958 |
Current liabilities assumed |  |  | (8,277 | )
Deferred income tax liability |  |  | (4,086 | )
Net assets acquired |  | $ | 27,595 |
Met-Pro [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing | The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.
Current assets |  | $ | 69,117 |
Property and equipment |  |  | 16,393 |
Other assets |  |  | 1,375 |
Assets held for sale (a) |  |  | 11,083 |
Goodwill |  |  | 104,884 |
Intangible – finite life, net |  |  | 35,810 |
Intangible – indefinite life |  |  | 11,910 |
Total assets acquired |  |  | 250,572 |
Current liabilities assumed |  |  | (13,678 | )
Deferred income tax liability |  |  | (28,244 | )
Long term liabilities assumed |  |  | (6,078 | )
Net assets acquired |  | $ | 202,572 |
(a) | The assets held for sale consists of primarily real property, and are valued at the estimated proceeds less cost to sell. The Company has not recorded a gain or loss on the classification of the subject assets to Held for Sale. The Company expects to complete the sale of the subject assets within the next twelve months.
Adwest Technologies, Inc. ('Adwest') [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing | The following table summarizes the approximate fair values of the assets acquired and liabilities assumed at the date of closing.
$ in thousands |  |  |
Current assets |  | $ | 1,916 |
Property and equipment |  |  | 23 |
Goodwill |  |  | 4,806 |
Intangible – finite life, net |  |  | 1,090 |
Intangible – indefinite life |  |  | 300 |
Total assets acquired |  |  | 8,135 |
Current liabilities assumed |  |  | (1,985 | )
Net assets acquired |  | $ | 6,150 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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