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CompressorWorks Acquisition (Tables)

6 Months Ended

Jun. 30, 2012

CompressorWorks Acquisition [Abstract]

Allocation of purchase price to the assets acquired and liabilities assumed

The allocation of purchase price to assets acquired and liabilities assumed is based upon their fair values.  The allocation of purchase price may be adjusted subject to finalization of actuarial valuations of intangible assets and final agreement of the working capital adjustment.  The following table presents the preliminary allocation of purchase price to assets acquired and liabilities assumed (in thousands):

Purchase price:						$	38,594
Assets acquired and liabilities assumed:
Receivables		$	9,114
Inventory			22,736
Other current assets			60
Property, plant and equipment, net			1,427
Intangible assets			8,870
Goodwill			9,703
Current liabilities			(13,316	)
Net assets acquired						$	38,594

Business Acquisition, Pro Forma Information

Supplemental pro forma financial information for the acquisitions is as follows (in thousands):

		Three Months Ended June 30, 2012								Three Months Ended June 30, 2011
		Reported				Pro Forma				Reported				Pro Forma
Revenues		$	268,875			$	275,613			$	244,005			$	274,278
Net earnings			13,404				14,362				13,338				14,505

		Six Months Ended June 30, 2012								Six Months Ended June 30, 2011
		Reported				Pro Forma				Reported				Pro Forma
Revenues		$	480,586			$	500,328			$	464,235			$	515,924
Net earnings			18,598				20,394				20,045				21,136

X

- 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)

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 54

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 55

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-Subparagraph r(2, 3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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X

- Definition

Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479

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