XML 60 R45.htm IDEA: XBRL DOCUMENT v3.3.1.900
SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
[1]
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
[1]
Jun. 30, 2014
[1]
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
[1]
Jun. 30, 2013
[1]
Mar. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Risks and Uncertainties [Abstract]                              
Ownership percentage in VIE                         47.50%    
Assets of VIE $ 4,000,000                       $ 4,000,000    
Increase cost of sales from consolidation of the VIE                         1,400,000    
Income tax benefit of VIE                         300,000    
Out-of-Period Items [Abstract]                              
Selling, general and administrative expense                         303,819,000 $ 327,899,000 $ 271,421,000
Provision for income taxes                         150,000 19,682,000 34,480,000
Net income (loss) $ (3,200,000) $ (52,700,000) [1] $ 7,200,000 $ 9,700,000 [1] $ (88,100,000) $ 17,000,000 $ 14,900,000 $ 10,900,000 [1] $ 16,900,000 $ 16,400,000 $ 13,700,000 $ 13,200,000 [1] $ (39,070,000) $ (45,238,000) $ 60,237,000
Basic earnings (loss) per share (in dollars per share) $ (0.20) $ (3.64) [1] $ 0.50 $ 0.67 [1] $ (6.09) $ 1.16 $ 1.01 $ 0.74 [1] $ 1.17 $ 1.13 $ 0.95 $ 0.92 [1] $ (2.68) $ (3.10) $ 4.17
Diluted earnings (loss) per share (in dollars per share) $ (0.20) $ (3.64) [1] $ 0.47 $ 0.63 [1] $ (6.09) $ 1.10 $ 0.96 $ 0.70 [1] $ 1.10 $ 1.07 $ 0.90 $ 0.87 [1] $ (2.68) $ (3.10) $ 3.94
Changes in allowance [Roll Forward]                              
Balance at beginning of year       $ 8,713,000       $ 8,798,000       $ 7,204,000 $ 8,713,000 $ 8,798,000 $ 7,204,000
Charged to cost and expenses                         2,014,000 2,365,000 2,018,000
Charged to other accounts [2]                         1,255,000 1,140,000 560,000
Deductions [3]                         (2,618,000) (3,590,000) (984,000)
Balance at end of year $ 9,364,000       $ 8,713,000       $ 8,798,000       9,364,000 8,713,000 8,798,000
Goodwill [Line Items]                              
Impairment of goodwill 9,800,000 $ 58,900,000 [1] $ 0 0 [1] 117,600,000 $ 0 $ 0 $ 0 [1]         67,663,000 117,569,000  
Revenue Recognition [Abstract]                              
Revenues recognized on contracts in process                         $ 47,500,000 65,900,000 12,700,000
Minimum contract period                         1 year    
Maximum contract period                         2 years    
Self-insured Insurance and Medical Claims [Abstract]                              
Workers compensation insurance reserves, per claim 100,000                       $ 100,000    
Medical insurance reserves, per claim 250,000                       250,000    
Accrual for claims 3,400,000       2,900,000               3,400,000 2,900,000  
Debt Issuance Cost Amortization [Abstract]                              
Total unamortized debt issuance costs 2,046,000       2,714,000               $ 2,046,000 $ 2,714,000  
Executive Officers and Other Employees of DXP [Member]                              
Risks and Uncertainties [Abstract]                              
Ownership percentage in VIE                         52.50%    
Buildings [Member] | Minimum [Member]                              
Property, Plant and Equipment [Line Items]                              
Estimated useful life                         20 years    
Buildings [Member] | Maximum [Member]                              
Property, Plant and Equipment [Line Items]                              
Estimated useful life                         39 years    
Building Improvements [Member] | Minimum [Member]                              
Property, Plant and Equipment [Line Items]                              
Estimated useful life                         10 years    
Building Improvements [Member] | Maximum [Member]                              
Property, Plant and Equipment [Line Items]                              
Estimated useful life                         20 years    
Furniture, Fixtures and Equipment [Member] | Minimum [Member]                              
Property, Plant and Equipment [Line Items]                              
Estimated useful life                         3 years    
Furniture, Fixtures and Equipment [Member] | Maximum [Member]                              
Property, Plant and Equipment [Line Items]                              
Estimated useful life                         20 years    
Leasehold Improvements [Member]                              
Property, Plant and Equipment [Line Items]                              
Estimated useful life                         Shorter of estimated useful life or related lease term    
Overstatement of Accrual at December 31, 2014 [Member]                              
Out-of-Period Items [Abstract]                              
Selling, general and administrative expense       2,500,000                      
Out-of-period adjustment, net of tax       $ 1,600,000                      
Provision for income taxes 1,500,000                            
Net income (loss)                         $ 3,100,000    
Basic earnings (loss) per share (in dollars per share)                         $ (0.21)    
Diluted earnings (loss) per share (in dollars per share)                         $ (0.21)    
Cash [Member]                              
Risks and Uncertainties [Abstract]                              
Assets of VIE 300,000                       $ 300,000    
Fixed Assets [Member]                              
Risks and Uncertainties [Abstract]                              
Assets of VIE 3,600,000                       $ 3,600,000    
Goodwill [Member]                              
Goodwill [Line Items]                              
Impairment of goodwill $ 9,800,000 $ 57,800,000     $ 117,600,000                   $ 0
[1] During the fourth quarter of 2014, DXP finalized its purchase accounting for customer relationships for the acquisition of B27 and amortized the customer relationships on an accelerated basis. The revision increased amortization expense by $1.0 million per quarter.
[2] Includes allowance for doubtful accounts from acquisitions
[3] Uncollectible accounts written off, net of recoveries