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Related Party Transactions
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12 Months Ended |
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Dec. 31, 2013
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| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions The Company has historically had a Comprehensive Supply Agreement with Navistar, that provides for the Company to be the primary supplier of Navistar’s original equipment and service requirements for fiberglass reinforced parts, as long as the Company remains competitive in cost, quality, and delivery. The Company’s most recent Comprehensive Supply Agreement with Navistar expired on October 31, 2013, however the Company and Navistar have informally agreed to continue operating under the terms of the expired supply agreement while the parties continue working toward a new supply agreement. In 1996, the Company acquired substantially all of the assets and liabilities of the Columbus Plastics unit from Navistar, in return for a secured note, which has been repaid, and 4,264,000 shares of Common Stock of the Company. On July 18, 2007, the Company entered into a stock repurchase agreement with Navistar, pursuant to which the Company repurchased 3,600,000 shares of common stock, from Navistar as detailed in Note 8. On August 16, 2013, Navistar sold its remaining 664,000 shares in a series of open market sales. Sales to Navistar were $47,356,000 in 2013 and $63,303,000 in 2012, of which $6,910,000 and $7,617,000 were included in accounts receivable as of December 31, 2013 and 2012, respectively. |