Acquisition

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Acquisition

Acquisitions

Weston Brands: On December 16, 2014, HBB completed the asset acquisition of Weston Products, LLC, which HBB refers to as Weston Brands, in exchange for cash consideration of $25.4 million, of which $25.0 million was paid at closing and $0.4 million was paid in 2015. During 2015 and 2014, the Company incurred $0.2 million and $0.4 million, respectively, in acquisition costs related to Weston Brands, which is included in "Selling, general and administrative expenses" in the Consolidated Statement of Operations.

The results of Weston Brands included in the Company's Consolidated Statement of Operations from the acquisition date through December 31, 2014 are as follows:

Revenues	$	1,102
Operating loss	$	(193	)

The following table summarizes the fair values of the assets acquired and liabilities assumed of Weston Brands as of the acquisition date:

Accounts receivable	$	6,100
Inventory	5,113
Other current assets	624
Property, plant and equipment	590
Intangible assets	10,100
Total assets acquired	22,527
Current liabilities	3,367
Total liabilities assumed	3,367
Net assets acquired	19,160
Purchase price	25,413
Goodwill	$	6,253

The goodwill arising from the acquisition is deductible for tax purposes. See Note 6 for further discussion of the intangible assets acquired.