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Acquisition and Goodwill (Notes)
3 Months Ended
Mar. 31, 2016
Goodwill [Line Items]  
Goodwill Disclosure [Text Block]
Acquisition and Goodwill

In the first quarter of 2016, the Company acquired the assets of Perfect Products Company of Michigan, an auto parts distributor for approximately $1.3 million in cash and $30 thousand in contingent consideration. The transaction resulted in additional goodwill which is included in the table below:
 
 
(Dollars in thousands)
Goodwill
 
Three Months Ended March 31, 2016
Beginning balance
 
$
319

Acquisition
 
1,254

Impact of foreign exchange
 
20

Ending balance
 
$
1,593



Goodwill is included as a component of other assets in the condensed consolidated financial statements. Contingent consideration of $30 thousand was not reflected in the condensed consolidated statement of cash flows.