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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial data
Earnings per share data is computed independently for each of the periods presented.  As a result, the sum of the earnings per share amounts for the quarter may not equal the total for the year.
2013
First (1)
 
Second (2)
 
Third
 
Fourth (3)
Net sales
$
106,066

 
$
105,465

 
$
104,656

 
$
96,370

Gross profit (1)
$
20,054

 
$
21,841

 
$
20,418

 
$
17,549

Net income (loss) (2),(3),(4)
$
1,837

 
$
4,664

 
$
2,075

 
$
(67,061
)
Amounts per common share:
 

 
 

 
 

 
 

Net income (loss)
$
0.15

 
$
0.37

 
$
0.16

 
$
(5.31
)
Net income (loss) - assuming dilution
$
0.14

 
$
0.37

 
$
0.16

 
$
(5.31
)
 
 
 
 
 
 
 
 
2012
First
 
Second
 
Third
 
Fourth (4)
Net sales
$
66,749

 
$
69,327

 
$
70,636

 
$
71,917

Gross profit
$
16,518

 
$
16,967

 
$
18,584

 
$
16,239

Net income (3)
$
4,792

 
$
5,105

 
$
5,639

 
$
951

Amounts per common share:
 

 
 

 
 

 
 

Net income
$
0.41

 
$
0.44

 
$
0.48

 
$
0.08

Net income - assuming dilution
$
0.41

 
$
0.43

 
$
0.48

 
$
0.08

 
(1) The first quarter 2013 includes $2,497 of non-recurring inventory step-up related to the Valent acquisition.

(2) The second quarter of 2013 includes a trade name impairment of $4,222 related to D3 Technologies offset by a contingent consideration write-off of $7,950 related to Valent.

(3) The fourth quarter of 2013 includes a goodwill impairment charge of $73,528 related to the Valent acquisition, $17,718 related to income tax valuation allowance, $2,620 related to a separation agreement reached with key members of Valent Aerostructures, LLC. and $453 of restructuring expenses related to the closure of the Precise Machine facility. In addition, Valent gross profit was unfavorably impacted by $955 in cumulative catch-up adjustments, the result of higher levels of indirect costs required to meet customer demand.

(4) The fourth quarter of 2012 includes $4,860 in acquisition fees related to Valent.