Subsequent Events |
9 Months Ended |
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Sep. 30, 2017 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
14. SUBSEQUENT EVENTS During October 2017, in accordance with the contingent consideration arrangement for the acquisition of Enovation Controls, the Company made the first cash payment to Enovation Controls’ former owners totaling $16,986. On October 30, 2017, Enovation Controls entered into a Real Estate Contract to purchase their manufacturing facility and corporate offices in Tulsa, Oklahoma, which are currently being rented. The purchase price for the property is $11,250 and the transaction is expected to close in the fourth quarter of 2017. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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