Subsequent Events	9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company evaluates subsequent events at the date of the balance sheet as well as conditions that arise after the balance sheet date but before the financial statements are issued. The effects of conditions that existed at the date of the balance sheet date are recognized in the financial statements. Events and conditions arising after the balance sheet date but before the financial statements are issued are evaluated to determine if disclosure is required to keep the financial statements from being misleading. To the extent such events and conditions exist, if any, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions. For purposes of preparing the accompanying consolidated financial statements and the notes to these financial statements, the Company evaluated subsequent events through the date the accompanying financial statements were issued. On October 1, 2014, the Company acquired 100% of the outstanding common stock of National Meter and Automation, Inc. (“NMA”) of Centennial, Colorado, which is a distribution company. The Company considers NMA to be one of its strongest and largest distributors and this will serve as a platform for future distribution initiatives should the Company decide to expand its interests. The Company will include NMA with its municipal water product line. The purchase price was $20.7 million in cash, which included a fair value estimate of $1.0 million for a potential earn-out payment based on revenue goals, as well as approximately $1.8 million to be held in escrow until the fourth quarter of 2015. The components of the purchase price include an estimated $3.9 million of receivables, $4.8 million of inventory, $2.9 million of fixed assets, $9.6 million of intangibles, and $2.9 million of goodwill, offset by other liabilities. These amounts are preliminary. The acquisition will be accounted for under the purchase method, and accordingly, the results of operations will be included in the Company’s financial statements from the date of acquisition. Acquisition costs are immaterial and this acquisition is not expected to have a material impact on the Company’s consolidated condensed financial statements or the notes thereto for 2014.

Subsequent Events

The Company evaluates subsequent events at the date of the balance sheet as well as conditions that arise after the balance sheet date but before the financial statements are issued. The effects of conditions that existed at the date of the balance sheet date are recognized in the financial statements. Events and conditions arising after the balance sheet date but before the financial statements are issued are evaluated to determine if disclosure is required to keep the financial statements from being misleading. To the extent such events and conditions exist, if any, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions. For purposes of preparing the accompanying consolidated financial statements and the notes to these financial statements, the Company evaluated subsequent events through the date the accompanying financial statements were issued.

On October 1, 2014, the Company acquired 100% of the outstanding common stock of National Meter and Automation, Inc. (“NMA”) of Centennial, Colorado, which is a distribution company. The Company considers NMA to be one of its strongest and largest distributors and this will serve as a platform for future distribution initiatives should the Company decide to expand its interests. The Company will include NMA with its municipal water product line.

The purchase price was $20.7 million in cash, which included a fair value estimate of $1.0 million for a potential earn-out payment based on revenue goals, as well as approximately $1.8 million to be held in escrow until the fourth quarter of 2015. The components of the purchase price include an estimated $3.9 million of receivables, $4.8 million of inventory, $2.9 million of fixed assets, $9.6 million of intangibles, and $2.9 million of goodwill, offset by other liabilities. These amounts are preliminary. The acquisition will be accounted for under the purchase method, and accordingly, the results of operations will be included in the Company’s financial statements from the date of acquisition. Acquisition costs are immaterial and this acquisition is not expected to have a material impact on the Company’s consolidated condensed financial statements or the notes thereto for 2014.