Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
9 Months Ended
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.