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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2013
Acquisitions |
Schedule of consideration paid and acquisition date fair value of assets acquired and liabilities assumed | The following table summarizes the consideration paid and the acquisition date fair value of the assets acquired and liabilities assumed relating to the transaction (in thousands):
PAC Acquisition |  | December 31, 2012 |
Consideration: |  |  |
Cash |  | $ | 4,400 |
Purchase holdback |  | 600 |
Contingent note payable, at present value |  | 692 |
Fair value of total consideration transferred |  | $ | 5,692 |
Acquisition costs (professional fees) included in SG&A |  | $ | 57 |
Recognized amounts of identifiable assets acquired: |  |  |
Cash |  | $ | 804 |
Accounts receivable |  | 1,375 |
Inventory |  | 737 |
Other assets |  | 54 |
Fixed assets |  | 793 |
Non-compete |  | 312 |
Customer list |  | 1,277 |
Goodwill |  | 841 |
Total identifiable net assets |  | 6,193 |
Accounts payable |  | (312 | )
Accrued Expenses |  | (189 | )
Net assets acquired |  | $ | 5,692 |
Schedule of actual operating results for PAC and unaudited pro forma condensed consolidated statement of operations | The Consolidated Statement of Operations for the year ended December 31, 2013 includes the following operating results for PAC (in thousands):
|  | Year Ended |
|  | December 31, |
|  | 2013 |
Sales |  | $ | 10,253 |
Operating income |  | 438 |
The following table contains the unaudited pro forma condensed consolidated statements of operations for the years ended December 31, 2012 and 2011, as if the PAC acquisition had occurred at the beginning of 2011 (in thousands):
|  | Years Ended December 31, |
|  | 2012 Proforma (Unaudited) |  | 2011 Proforma (Unaudited) |
Sales |  | $ | 141,274 |  | $ | 137,617 |
Net income |  | 11,559 |  | 10,948 |
Earnings Per Share: |  |  |  |  |
Basic |  | $ | 1.73 |  | $ | 1.69 |
Diluted |  | 1.64 |  | 1.56 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 + Details
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