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Business Acquisition (Tables) | 3 Months Ended
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Mar. 31, 2017
Business Combinations [Abstract] |
Schedule of Consolidated Statement of Income | The following table presents operational results of the acquired entity that are included in the Consolidated Statements of Income:
(in thousands, except per share amounts) |  | Three months ended March 31, 2017
Net sales |  | $20,200 |
Operating loss |  | (2,626 | )
Loss before income taxes |  | (2,958 | )
Net loss attributable to the Company |  | (1,864 | )
Loss per share: |  |  |
Basic |  | ($0.06 | )
Diluted |  | ($0.06 | )
Schedule of Proforma Statement of Operations | The following table shows total Company pro forma results for the first quarter of 2016 as if the acquisition had occurred on January 1, 2015.
|  | Unaudited - Pro forma
|  | Three months ended March 31,
(in thousands, except per share amounts) |  | 2016
Combined Net sales |  | $193,335 |
Combined Income before income taxes |  | $23,150 |
Pro forma increase/(decrease) to income before income taxes: |  |  |
Acquisition expenses |  | 1,596 |
Interest expense related to purchase price |  | (1,052 | )
Acquisition accounting adjustments: |  |  |
Depreciation and amortization on property, plant and equipment, and intangible assets |  | (1,575 | )
Valuation of contract inventories |  | 1,891 |
Interest expense on captial lease obligation |  | 300 |
Interest expense on other obligations |  | (133 | )
Pro forma Income before income taxes |  | $24,177 |
Pro forma Net Income attributable to the Company |  | $16,265 |

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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=79982066&loc=d3e1392-128463 + Details
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