Subsequent Event

3 Months Ended

Mar. 31, 2017

Subsequent Events [Abstract]

Subsequent Event

SUBSEQUENT EVENT

On April 21, 2017, we completed the acquisition of substantially all of the assets of Instrument Associates, LLC d/b/a Nutfield Technology, a component technology business located in Hudson, New Hampshire, which specializes in the design and manufacture of advanced galvanometer-based optical scanners, scan heads and laser kits, for a total purchase price of $5.5 million. This acquisition supports our long-term strategy to expand our presence in key markets and improve our existing product lines with innovative technology. The results of the acquired business’ operations were not included in our condensed consolidated financial statements for the three months ended March 31, 2017. As of the date of these condensed consolidated financial statements, the initial accounting for this acquisition was incomplete. Therefore, disclosures regarding the purchase price allocation for this acquisition have not been included in this Quarterly Report on Form 10-Q.