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Acquisitions
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2012
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| Acquisitions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions |
On September 27, 2011, Sun purchased the remaining preferred and common shares of HCT that it did not already own. HCT designs and produces encapsulated, modular, highly ruggedized digital and analog electronic controller products for the global fluid power and motion control industry. HCT's products complement Sun's electro-hydraulic line of valves providing reliable, easy, simple and accurate control of individual valves, or seamless management of systems and sub-systems. The acquisition was accounted for as a business combination using the acquisition method, and accordingly, the identifiable assets acquired and the liabilities assumed were recorded at their estimated fair value at the date of acquisition. The revenue and earnings for HCT included in Sun's Consolidated Statement of Operations for the quarter ended March 31, 2012, and the revenue and earnings of the combined entity had the acquisition date been January 2, 2011, are:
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