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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2014
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, 2013:
(Table only in thousands, except per share data) |  | Three Months Ended September 30, 2013 |  |  | Nine Months Ended September 30, 2013 |
Net sales(1) |  | $ | 65,062 |  |  | $ | 195,419 |
Net income |  |  | 1,879 |  |  |  | 7,434 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.07 |  |  | $ | 0.29 |
Diluted |  | $ | 0.07 |  |  | $ | 0.28 |
Aarding Thermal Acoustics B.V. ("Aarding") [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing of the acquisition.
(Table only in thousands) |  |  |
Current assets |  | $ | 15,062 |
Property and equipment |  |  | 959 |
Goodwill |  |  | 7,595 |
Intangible assets – finite life |  |  | 13,477 |
Intangible assets – 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 fair values of the assets acquired and liabilities assumed at the date of closing of the acquisition.
(Table only in thousands) |  |  |
Current assets |  | $ | 68,766 |
Property and equipment |  |  | 15,773 |
Other assets |  |  | 1,375 |
Assets held for sale (a) |  |  | 10,886 |
Goodwill |  |  | 106,726 |
Intangible assets – finite life |  |  | 35,810 |
Intangible assets – indefinite life |  |  | 11,910 |
Total assets acquired |  |  | 251,246 |
Current liabilities assumed |  |  | (13,638 | )
Deferred income tax liability |  |  | (28,958 | )
Long term liabilities assumed |  |  | (6,078 | )
Net assets acquired |  | $ | 202,572 |
(a) | The assets held for sale primarily consist of real property and are valued at the estimated proceeds less costs to sell. The Company has not recorded a gain or loss on the classification of the subject assets held for sale. The Company expects to complete the sale of the subject assets during 2014. During the nine months ended September 30, 2014, the Company received proceeds of $6.6 million for the sale of assets held for sale. The balance of assets held for sale is $4.2 million as of September 30, 2014.

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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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=39739317&loc=d3e4845-128472 + Details
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