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Business Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2014
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | Such changes could result in material variances between the Company's future financial results and the amounts presented in the unaudited pro forma information, including variances in estimated purchase price, fair values recorded, and expenses associated with these items.
|  | Estimated Fair Values April 30, 2014
Current assets |  | $ | 2,365 |
Property, plant and equipment |  | 281 |
Current liabilities assumed |  | (2,035 | )
Total identifiable net assets acquired |  | 611 |
Goodwill and other intangible assets |  | 7,468 |
Total assets acquired |  | $ | 8,079 |
Net Sales and Earnings | The following table summarizes the net sales and earnings before income taxes of PECO and FGC since the acquisition date, April 30, 2014, which is included in the consolidated statement of operations for the three and six months ended June 30, 2014:
|  | Three and Six Months Ended June 30, 2014
Revenue |  | $ | 2,639 |
Net income |  | 734 |
Net income per Common Share |  |
Basic |  | $ | 0.03 |
Diluted |  | $ | 0.03 |
Business Acquisition, Pro Forma Information | The following unaudited pro forma information represents the Company's results of operations as if the acquisition date had occurred on January 1, 2013:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Revenue |  | $ | 21,906 |  |  | $ | 31,181 |  |  | $ | 44,548 |  |  | $ | 57,099 |
Net income / (loss) |  | (295 | ) |  | 1,044 |  |  | (525 | ) |  | 1,468 |
Net income / (loss) per Common Share |  |  |  |  |  |  |  |
Basic |  | $ | (0.01 | ) |  | $ | 0.05 |  |  | $ | (0.02 | ) |  | $ | 0.07 |
Diluted |  | $ | (0.01 | ) |  | $ | 0.04 |  |  | $ | (0.02 | ) |  | $ | 0.06 |

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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=25497992&loc=d3e1392-128463 + Details
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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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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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