Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Information of Company's Results of Operations

The following unaudited pro forma information represents the Company’s results of operations as if PMFG acquisition had occurred as of January 1, 2014:

(Table only in thousands, except per share data)	Year Ended December 31, 2015
Net sales	$	460,726
Net loss		(29,568	)
Earnings per share:
Basic		(0.87	)
Diluted		(0.87	)

PMFG, Inc. [Member]

Fair Values of Assets Acquired and Liabilities Assumed at Date of Closing after Company Finalized Purchase Accounting

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing after the Company finalized purchase accounting during 2016.

(Table only in thousands)
Current assets (including cash of $27,100)	$	92,293
Property and equipment		24,787
Other assets		953
Assets held for sale (a)		950
Deferred income tax asset		—
Goodwill		59,860
Intangible – finite life		29,940
Intangible – indefinite life		10,280
Total assets acquired		219,063
Current liabilities assumed		(73,364	)
Deferred income tax liability		(800	)
Long term liabilities assumed		(3,961	)
Noncontrolling interest		(4,212	)
Net assets acquired	$	136,726

(a) The assets held for sale consists primarily of real property, and are valued at the estimated proceeds less cost to sell. The Company has not recorded a gain or loss on the classification of the subject assets to held for sale.