Business Combination (Tables)

6 Months Ended

Jun. 30, 2018

Business Acquisition, Pro Forma Information [Table Text Block]

The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January 1, 2017 and the unaudited pro forma information does not purport to be indicative of future financial operating results.



	Pro forma for the three months ended June 30,				Pro forma for the six months ended June 30,
	2018		2017		2018		2017
Net revenue	$	68,601,000	$	62,971,000	$	134,316,000	$	116,318,000
Net income	543,000		3,270,000		1,773,000		6,181,000
Net income per common share:
Basic	$	0.07	$	0.43	$	0.23	$	0.81
Diluted	$	0.07	$	0.42	$	0.23	$	0.80

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Consideration was preliminarily allocated to assets acquired and liabilities assumed based on their fair values as of the acquisition date as follows:



Accounts Receivable	$	7,655,000
Inventory	6,567,000
Other Current Assets	642,000
Property and Equipment	12,994,000
Intangibles	17,520,000
Goodwill	20,554,000
Accounts Payable	(3,181,000		)
Other Current Liabilities	(294,000		)
	$	62,457,000

Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block]

The unaudited pro forma net income includes the following adjustments that would have been recorded had the 2018 acquisition taken place on January 1, 2017.



	Pro forma for the three months ended June 30,						Pro forma for the six months ended June 30,
	2018			2017			2018			2017
Depreciation expense	$	—		$	16,000		$	55,000		$	38,000
Amortization expense	—			469,000			78,000			938,000
Interest expense	(124,000		)	468,000			(107,000		)	937,000
Income tax expense (benefit)	$	26,000		$	(283,000	)	$	(14,000	)	$	(470,000	)