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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2014
Information of Company's Results of Operations | The following unaudited pro forma information represents the Company’s results of operations as if the HEE, SAT, Emtrol, and Zhongli acquisitions had occurred as of January 1, 2013, and the Met-Pro and Aarding acquisitions had occurred as of January 1, 2012:
|  | Year Ended December 31, |
(Table only in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Net sales |  | $ | 335,101 |  |  | $ | 337,767 |  |  | $ | 281,345 |
Net income |  | $ | 16,619 |  |  | $ | 15,958 |  |  | $ | 12,933 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.64 |  |  | $ | 0.67 |  |  | $ | 0.55 |
Diluted |  | $ | 0.62 |  |  | $ | 0.61 |  |  | $ | 0.51 |
Zhongli [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.
(Table only in thousands) |  |  |
Current assets (including cash of $1,025) |  | $ | 16,223 |
Property and equipment |  |  | 1,477 |
Goodwill |  |  | 3,757 |
Intangible – finite life, net |  |  | 4,262 |
Intangible – indefinite life |  |  | 960 |
Total assets acquired |  |  | 26,679 |
Current liabilities assumed |  |  | (845 | )
Deferred tax liabilities |  |  | (1,739 | )
Net assets acquired |  | $ | 24,095 |
Emtrol [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.
(Table only in thousands) |  |  |
Current assets (including cash of $1,738) |  | $ | 11,285 |
Property and equipment |  |  | 125 |
Goodwill |  |  | 23,635 |
Intangible – finite life, net |  |  | 12,890 |
Total assets acquired |  |  | 47,935 |
Current liabilities assumed |  |  | (10,173 | )
Net assets acquired |  | $ | 37,762 |
SAT Technology, Inc. ("SAT") [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.
(Table only in thousands) |  |  |
Current assets |  | $ | 1,831 |
Property and equipment |  |  | 10 |
Goodwill |  |  | 1,602 |
Intangible – finite life, net |  |  | 840 |
Intangible – indefinite life |  |  | 260 |
Total assets acquired |  |  | 4,543 |
Current liabilities assumed |  |  | (1,868 | )
Deferred tax liabilities |  |  | (275 | )
Net assets acquired |  | $ | 2,400 |
HEE [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.
(Table only in thousands) |  |  |
Current assets |  | $ | 913 |
Property and equipment |  |  | 158 |
Goodwill |  |  | 5,644 |
Intangible – finite life, net |  |  | 2,690 |
Intangible – indefinite life |  |  | 510 |
Total assets acquired |  |  | 9,915 |
Current liabilities assumed |  |  | (415 | )
Net assets acquired |  | $ | 9,500 |
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 after the Company finalized purchase accounting during 2014.
(Table only in thousands) |  |  |
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 fair values of the assets acquired and liabilities assumed at the date of closing after the Company finalized purchase accounting during 2014.
(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 – finite life, net |  |  | 35,810 |
Intangible – 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 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.

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