Business Acquisition and Disposition Business Acquisition - Solvix (Tables)

12 Months Ended

Dec. 31, 2012

Results of Solvix Operations included in Financial Statements [Table Text Block]

The results of Solvix operations are included in our Consolidated Statements of Operations for 2012 beginning November 8, 2012 as follows (in thousands):

November 8, to December 31, 2012
Sales	$	479
Net loss	(18		)

Solvix [Member]

Schedule of Purchase Price Allocation [Table Text Block]

The following table summarizes estimated fair values of the assets acquired and liabilities assumed as of November 8, 2012 (in thousands):

Cash	$	680
Accounts receivable	1,074
Inventories	57
Other receivables	32
Other current assets	46
Property and equipment	43
Accounts payable	(390		)
Accrued payroll and employee benefits	(186		)
Other accrued expenses	(159		)
Customer deposits	(38		)
Deferred tax liabilities	(1,628		)
	(469		)
Amortizable intangible assets:
Trademarks	106
Technology	2,723
Customer relationships	5,387
Total amortizable intangible assets	8,216
Total identifiable net assets	7,747
Goodwill	13,499
Total fair value of consideration transferred	$	21,246

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

A summary of the intangible assets acquired, amortization method and estimated useful lives as of November 8, 2012 follows (in thousands, except useful life):

	Amount		Amortization Method	Useful Life
Trademarks	$	106	Straight-line	3
Technology	2,723		Straight-line	9
Customer relationships - other	744		Straight-line	7
Customer relationships - design	4,643		Straight-line	12
	$	8,216

Schedule of Purchase Price [Table Text Block]

The components of the fair value of the total consideration transferred for the Solvix acquisition are as follows (in thousands):

Cash paid to owners	$	16,673
Contingent consideration	5,253
Cash acquired	(680		)
Total fair value of consideration transferred	$	21,246

Business Acquisition, Pro Forma Information [Table Text Block]

The unaudited pro forma results for all periods presented include amortization charges for acquired intangible assets and related tax effects. These pro forma results consider the sale of the gas flow control business and related product lines as discontinued operations. The unaudited pro forma results follow (in thousands, except per share data):

	(Unaudited)
	Years Ended December 31,
	2012		2011
Sales	$	456,081	$	524,347
Net income	20,733		37,160
Earnings per share:
Basic	$	0.53	$	0.85
Diluted	0.52		0.85