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ACQUISITIONS (Tables) | 3 Months Ended
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Mar. 31, 2014
Business Combination Allocation Of Purchase Price [Line Items] |
Purchase Price Allocation | The aggregate consideration paid by the Company for the acquired assets and the assumed liabilities was $13.9 million and was allocated to the opening balance sheet as follows (in thousands):
Current assets |  | $ | 1,035 |
Property, plant and equipment |  |  | 2,714 |
Intangibles |  |  | 8,860 |
Goodwill |  |  | 1,784 |
Total assets |  | $ | 14,393 |
Current liabilities |  | $ | (462) |
Total liabilities |  | $ | (462) |
Acquisition |  | $ | 13,931 |
Intangible Assets | Intangible assets of $8.9 million were recorded as a result of the purchase of the Beall assets. The intangible assets consist of the following (in thousands):
|  | Amount |  | Useful Life |
Tradenames and Trademarks |  | $ | 1,622 |  | 20 years |
Technology |  |  | 1,217 |  | 8 years |
Customer relationships |  |  | 6,021 |  | 8 years |
|  | $ | 8,860 |  |  |

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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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