BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of activity in the allowance for doubtful accounts

Activity in the allowance for doubtful accounts for 2013 and 2012 was as follows (in thousands):

	December 31, 2013		December 31, 2012
Beginning balance	$	177	$	284
Allowance for doubtful accounts acquired		460		—
Additional reserves		164		(25	)
Writeoffs		1		(82	)
Ending balance	$	802	$	177

Schedule of inventories including costs of materials, direct labor and manufacturing overhead, and stated at the lower of cost (first-in, first-out basis) or market

 Inventories include costs of materials, direct labor and manufacturing overhead, and are stated at the lower of cost (first-in, first-out basis) or market, as follows (in thousands):

	December 31, 2013			December 31, 2012
Parts and raw materials	$	20,649		$	13,174
Work-in-process		3,369			1,504
Finished goods		4,350			2,096
		28,368			16,774
Less reserves		(3,938	)		(2,073	)
Inventories, net	$	24,430		$	14,701

Schedule of classification of property, plant and equipment

 Property, plant and equipment is classified as follows (in thousands):

	Useful lives	December 31, 2013			December 31, 2012
Land		$	3,020		$	290
Building and improvements	5 - 39 years		7,382			3,713
Machinery, equipment, tools and dies	3 - 15 years		40,237			13,483
Furniture, fixtures and other	3 - 10 years		4,544			3,996
			55,183			21,482
Less accumulated depreciation			(15,072	)		(12,851	)
Property, plant and equipment, net		$	40,111		$	8,631

Schedule of changes in the reserve for product warranty claims

 Changes in the Company's reserve for product warranty claims during 2013 and 2012 were as follows (in thousands):

	December 31, 2013			December 31, 2012
Warranty reserve at beginning of the year	$	551		$	372
Warranty reserves acquired		429			—
Provision		175			579
Warranty expenditures		(529	)		(411	)
Effect of foreign currency translation		3			11
Warranty reserve at end of year	$	629		$	551

Schedule of accrued liabilities

Accrued liabilities consist of the following (in thousands):

	December 31, 2013		December 31, 2012
Compensation and fringe benefits	$	6,721	$	4,230
Warranty reserve		629		551
Other accrued expenses		2,548		1,145
	$	9,898	$	5,926

Schedule of financial assets accounted for at fair value on a recurring basis

 The following table presents the Company's financial assets that are accounted for at fair value on a recurring basis as of December 31, 2013 and December 31, 2012, respectively, by level within the fair value hierarchy (in thousands):

	December 31, 2013
	Level 1		Level 2		Level 3
Assets
Pension Plan Assets	$	4,847	$	—	$	—
Other long term assets		2,595		—		—
Interest rate swaps		—		41		—

	December 31, 2012
	Level 1		Level 2		Level 3
Assets
Pension Plan Assets	$	4,086	$	—	$	—
Other long term assets		1,991		—		—