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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2016
Information of Company's Results of Operations | The following unaudited pro forma information represents the Company’s results of operations as if PMFG acquisition had occurred as of January 1, 2014 and the HEE, SAT, Emtrol and Zhongli acquisitions had occurred as of January 1, 2013:
|  | Year Ended December 31, |
(Table only in thousands, except per share data) |  | 2015 |  |  | 2014 |
Net sales |  | $ | 460,726 |  |  | $ | 493,246 |
Net loss |  | $ | (29,568 | ) |  | $ | (22,990 | )
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | (0.87 | ) |  | $ | (0.68 | )
Diluted |  | $ | (0.87 | ) |  | $ | (0.68 | )
PMFG, Inc. [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing after Company Finalized Purchase Accounting | 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 2016.
(Table only in thousands) |  |  |  |
Current assets (including cash of $27,100) |  | $ | 92,293 |
Property and equipment |  |  | 24,787 |
Other assets |  |  | 953 |
Assets held for sale (a) |  |  | 950 |
Deferred income tax asset |  |  | — |
Goodwill |  |  | 59,860 |
Intangible – finite life |  |  | 29,940 |
Intangible – indefinite life |  |  | 10,280 |
Total assets acquired |  |  | 219,063 |
Current liabilities assumed |  |  | (73,364 | )
Deferred income tax liability |  |  | (800 | )
Long term liabilities assumed |  |  | (3,961 | )
Noncontrolling interest |  |  | (4,212 | )
Net assets acquired |  | $ | 136,726 |
(a) | The assets held for sale consists primarily of 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.
Zhongli [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing after Company Finalized Purchase Accounting | Zhongli is a leader in the design and manufacture of power industry damper, diverter and ball mill systems in China, which complements our Energy segment businesses. 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 2015.
(Table only in thousands) |  |  |  |
Current assets (including cash of $1,025) |  | $ | 16,223 |
Property and equipment |  |  | 1,477 |
Goodwill |  |  | 4,752 |
Intangible – finite life |  |  | 4,262 |
Intangible – indefinite life |  |  | 960 |
Total assets acquired |  |  | 27,674 |
Current liabilities assumed |  |  | (1,840 | )
Deferred tax liabilities |  |  | (1,739 | )
Net assets acquired |  | $ | 24,095 |
Emtrol [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing after Company Finalized Purchase Accounting | Emtrol is engaged in the business of designing and manufacturing of fluid catalytic cracking and industrial cyclone technology for a variety of industries including the refinery, petrochemical, and chemical sectors, which complements our Environmental segment businesses. 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 2015.
(Table only in thousands) |  |  |  |
Current assets |  | $ | 9,922 |
Property and equipment |  |  | 125 |
Goodwill |  |  | 24,998 |
Intangible – finite life |  |  | 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 after Company Finalized Purchase Accounting | SAT is a leading provider of volatile organic compounds abatement solutions for the Chinese air pollution control market, which complements our Environmental segment businesses. 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 2015.
(Table only in thousands) |  |  |  |
Current assets |  | $ | 1,679 |
Property and equipment |  |  | 10 |
Goodwill |  |  | 1,733 |
Intangible – finite life |  |  | 840 |
Intangible – indefinite life |  |  | 260 |
Total assets acquired |  |  | 4,522 |
Current liabilities assumed |  |  | (1,847 | )
Deferred tax liabilities |  |  | (275 | )
Net assets acquired |  | $ | 2,400 |
HEE [Member] |
Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing after Company Finalized Purchase Accounting | HEE is a leading North American designer and manufacturer of scrubbers and fans for the air pollution control market, which complements our Environmental segment businesses. 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 2015.
(Table only in thousands) |  |  |  |
Current assets |  | $ | 913 |
Property and equipment |  |  | 158 |
Goodwill |  |  | 5,644 |
Intangible – finite life |  |  | 2,690 |
Intangible – indefinite life |  |  | 510 |
Total assets acquired |  |  | 9,915 |
Current liabilities assumed |  |  | (415 | )
Net assets acquired |  | $ | 9,500 |

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