Business Acquisitions and Investments (Tables)

6 Months Ended

Jun. 30, 2014

Business Acquisitions and Investments [Abstract]

Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The allocation of purchase price to assets acquired and liabilities assumed is based upon their fair values.  The following table presents the allocation of purchase price to assets acquired and liabilities assumed (in thousands):

	Pensacola Fuel Injection, Inc.					Annex Manufacturing
Purchase price:				$	12,225				$	11,500
Assets acquired and liabilities assumed:
Receivables	$	—				$	2,581
Inventory		2,815					2,630
Property, plant and equipment, net		466					128
Intangible assets		—					4,760
Goodwill		12,528					4,567
Current liabilities		(3,584	)				(3,166	)
Net assets acquired				$	12,225				$	11,500

Business Acquisition, Pro Forma Information

Supplemental unaudited pro forma financial information for the acquisitions is as follows (in thousands):

	Three Months Ended June 30, 2014				Three Months Ended June 30, 2013
	Reported		Pro Forma		Reported		Pro Forma
Net sales	$	272,540	$	270,126	$	270,126	$	270,126
Net earnings		10,640		16,074		16,043		16,043

	Six Months Ended June 30, 2014				Six Months Ended June 30, 2013
	Reported		Pro Forma		Reported		Pro Forma
Net sales	$	505,292	$	501,149	$	500,834	$	500,834
Net earnings		22,365		25,365		25,217		25,217