Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of consideration paid and acquisition date fair value of assets acquired and liabilities assumed

	PAC
	31-Dec-2012
Consideration
Cash	$	4,400,000
Purchase holdback	600,000
Contingent note payable, at present value	692,000
Fair value of total consideration transferred	$	5,692,000
Acquisition costs (professional fees) included in SG&A	$	57,000
Recognized amounts of identifiable assets acquired:
Cash	$	803,425
Accounts receivable	1,374,853
Inventory	737,414
Other assets	54,422
Fixed assets	816,633
Non-compete	312,000
Customer list	1,537,000
Goodwill	557,594
Total identifiable net assets	6,193,341
Accounts payable	(312,207		)
Accrued Expenses	(189,134		)
Net assets acquired	$	5,692,000

Schedule of unaudited pro forma condensed consolidated statement of operations

	Years Ended December 31
	2012		2011
	(Unaudited)		(Unaudited)
Sales	$	141,273,675	$	137,616,612
Net income	11,558,968		10,947,772
Earnings Per Share:
Basic	$	1.73	$	1.69
Diluted	1.64		1.56

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References+ Details

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph F4

-Subparagraph e

-Appendix F

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details