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Business Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2012
Business Acquisitions [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 following table presents the 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 
 
The following table presents the allocation of the purchase price to the assets acquired and liabilities assumed, based on their fair values (in thousands):
 
   
BLD
Products, Ltd.
  
Forecast Trading Corporation
 
Purchase price:
    $26,984     $44,250 
Assets acquired and liabilities assumed:
              
Receivables
 $1,944      $6,300     
Inventory
  3,826       10,120     
Other current assets (1)
  3       700     
Property, plant and equipment, net
  1,965       3,840     
Other assets
  -       10     
Intangible assets
  7,200       15,300     
Goodwill
  12,867       11,820     
Current liabilities
  (821)      (3,840)    
Net assets acquired
     $26,984      $44,250 
 
(1)
The other current assets balance for Forecast Trading Corporation includes $0.7 million of cash acquired.
 
Business Acquisition, Pro Forma Information
The following table summarizes certain supplemental pro forma financial information which was prepared as if (i) the acquisitions of the Engine Control business of BLD Products, Ltd., acquired in April 2011, and Forecast Trading Corporation, acquired in October 2011, had occurred as of January 1, 2010 and (ii) the acquisition of substantially all of the assets of CompressorWorks, Inc., acquired in April 2012, had occurred as of January 1, 2011.  The unaudited pro forma financial information was prepared for comparative purposes only and does not purport to be indicative of what would have occurred had the acquisitions been made at that time or of results which may occur in the future.  Supplemental unaudited pro forma financial information for the acquisitions is as follows (in thousands):
 
   
December 31, 2012
  
December 31, 2011
 
   
Reported
  
Pro Forma
  
Reported
  
Pro Forma
 
              
Revenues
 $948,916  $968,658  $874,625  $963,751 
Net earnings
  41,353   43,262   62,401   64,331