Pioneer Power Solutions (PPSI) 10-Q 12 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 11, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	PIONEER POWER SOLUTIONS, INC.
Entity Central Index Key	1,449,792
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-Known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015
Entity Common Stock, Shares Outstanding		7,405,962

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenues	$ 26,460	$ 21,064	$ 55,348	$ 41,957
Cost of goods sold	21,533	16,876	45,022	32,848
Gross profit	4,927	4,188	10,326	9,109
Operating expenses
Selling, general and administrative	5,535	3,509	11,188	7,478
Foreign exchange (gain) loss	79	108	(92)	63
Total operating expenses	5,614	3,617	11,096	7,541
Operating (loss) income	(687)	571	(770)	1,568
Interest expense	179	129	333	266
Other expense	186		263	2
Earnings (loss) before income taxes	(1,052)	442	(1,366)	1,300
Income tax (benefit) expense	(235)	140	(324)	408
Net (loss) earnings	$ (817)	$ 302	$ (1,042)	$ 892
Net (loss) earnings per common share:
Basic	$ (0.11)	$ 0.04	$ (0.14)	$ 0.12
Diluted	$ (0.11)	$ 0.04	$ (0.14)	$ 0.12
Weighted average common shares outstanding:
Basic	7,406	7,172	7,406	7,172
Diluted	7,406	7,237	7,406	7,244

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Net (loss) earnings	$ (817)	$ 302	$ (1,042)	$ 892
Other comprehensive income (loss)
Foreign currency translation adjustments	263	657	(1,246)	(19)
Amortization of net prior service costs and net actuarial losses, net of tax	(40)	10	51	73
Other comprehensive income (loss)	223	667	(1,195)	54
Comprehensive (loss) income	$ (594)	$ 969	$ (2,237)	$ 946

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents		$ 3,832
Accounts receivable, net	$ 14,722	13,101
Inventories, net	15,582	14,429
Income taxes receivable	470	474
Deferred income taxes	1,394	472
Prepaid expenses and other current assets	1,574	1,671
Total current assets	33,742	33,979
Property, plant and equipment, net	10,669	11,195
Noncurrent deferred income taxes	7,099	7,124
Other assets	1,024	1,143
Intangible assets, net	8,866	9,791
Goodwill	10,624	9,606
Total assets	72,024	72,838
Current Liabilities
Bank overdrafts	979
Revolving credit facilities	9,153	6,860
Accounts payable and accrued liabilities	16,838	14,396
Current maturities of long-term debt and capital lease obligations	1,642	2,483
Income taxes payable	856	523
Total current liabilities	29,468	24,262
Long-term debt, net of current maturities	5,361	9,539
Pension deficit	225	351
Other long term liability	500
Noncurrent deferred income taxes	7,755	7,852
Total liabilities	$ 43,309	$ 42,004
Shareholders' Equity
Preferred stock, par value $0.001; 5,000,000 shares authorized; none issued
Common stock, par value $0.001; 30,000,000 shares authorized; 7,405,962 shares issued and outstanding	$ 7	$ 7
Additional paid-in capital	18,488	18,370
Accumulated other comprehensive loss	(4,520)	(3,325)
Retained earnings	14,740	15,782
Total shareholders' equity	28,715	30,834
Total liabilities and shareholders' equity	$ 72,024	$ 72,838

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized	30,000,000	30,000,000
Common stock, issued	7,405,962	7,405,962
Common stock, outstanding shares	7,405,962	7,405,962

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities
Net (loss) earnings	$ (1,042)	$ 892
Depreciation	708	666
Amortization of intangible assets	869	159
Amortization of deferred financing costs	64	58
Deferred income tax	(1,030)	(573)
Accrued pension	22	(144)
Stock-based compensation	117	100
Foreign currency remeasurement (gain) loss	(87)	31
Changes in current operating assets and liabilities:
Accounts receivable	(2,383)	(1,764)
Inventories	(1,687)	(2,326)
Prepaid expenses and other assets	75	(98)
Income taxes	443	(184)
Accounts payable and accrued liabilities	2,678	2,923
Net cash used in operating activities	(1,253)	(260)
Investing activities
Additions to property, plant and equipment	(595)	(505)
Business acquisitions, net of cash acquired	(93)
Notes receivable	(88)	(34)
Net cash used in investing activities	(776)	(539)
Financing activities
Increase in bank overdrafts	979	729
Net increase in revolving credit facilities	2,348	661
Repayment of long-term debt	(4,467)	(1,090)
Payment of deferred financing costs	(40)
Repayment of financing obligation	(152)	(10)
Net cash (used in) provided by financing activities	(1,332)	290
Decrease in cash and cash equivalents	(3,361)	(509)
Effect of foreign exchange on cash and cash equivalents	(471)	142
Cash and cash equivalents
Beginning of year	3,832	425
End of period		$ 58
Non-cash investing activities:
Forgiveness of indebtedness due to purchaser	$ 609

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Basis of Presentation [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION Overview Pioneer Power Solutions, Inc. and its wholly owned subsidiaries (referred to herein as the “Company,” “Pioneer,” “we,” “our” and “us”) manufacture, sell and service a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company is headquartered in Fort Lee, New Jersey and operates from thirteen additional locations in the U.S., Canada and Mexico for manufacturing, centralized distribution, engineering, sales and administration. We have two reportable segments as defined in our Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission (the “SEC”) on April 2, 2015: Transmission and Distribution Solutions (“T&D Solutions”) and Critical Power Solutions. Presentation These unaudited consolidated financial statements include the accounts of the Pioneer Power Solutions, Inc. and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to the current year presentation. The accompanying unaudited consolidated financial statements of the Company have been prepared pursuant to the rules of the SEC. Certain information and footnote disclosures, normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”), have been condensed or omitted pursuant to those rules and regulations. We believe that the disclosures made are adequate to make the information presented not misleading. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary to fairly state the financial position, results of operations and cash flows with respect to the interim consolidated financial statements have been included. The results of operations for the interim period are not necessarily indicative of the results for the entire fiscal year. The year-end balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP for a year-end balance sheet. These unaudited consolidated financial statements should be read in conjunction with the risk factors and the audited consolidated financial statements and notes thereto of the Company and its subsidiaries included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. All dollar amounts (except share and per share amounts) presented in the tables within the notes to our unaudited consolidated financial statements are stated in thousands of dollars, unless otherwise noted.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company’s significant accounting policies were described in Note 2 to the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. There have been no significant changes in the Company’s accounting policies during the second quarter of 2015. Recent Accounting Pronouncements There have been no recent accounting pronouncements not yet adopted by the Company which would have a material impact on the Company’s financial statements. Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity . In April 2014, the FASB issued Accounting Standards Update No. 2014-08 (“ASU 2014-08”) on reporting discontinued operations and disclosures of disposals of components of an entity. The new guidance restricts the presentation of discontinued operations to business circumstances when the disposal of business operations represents a strategic shift that has or will have a major effect on an entity's operations and financial results and enhances the related disclosure requirements. The Company adopted ASU 2014-08 on January 1, 2015, as required. There was no material impact on the Consolidated Financial Statements resulting from the adoption. Revenue from Contracts with Customers . In May 2014, the FASB issued Accounting Standards Update No. 2014-09 (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. In July 2015, the FASB made a decision to defer the effective date of the new standard for one year and permit early adoption as of the original effective date. The Company is currently evaluating the impact of its pending adoption of ASU 2014-09 on its consolidated financial statements and has not yet determined the method by which it will adopt the standard in 2018. Simplifying the Measurement of Inventory. The FASB recently issued ASU 2015-11 1 as part of its simplification initiative. The amendments require inventory within the scope of the ASU to be measured using the lower of cost and net realizable value. The changes apply to all types of inventory, except those measured using LIFO or the retail inventory method. The new standard takes effect in 2017 for calendar year-end entities. . The Company is currently evaluating the impact on its consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2015
Acquisitions [Abstract]
Acquisitions	3. ACQUISITIONS Since January 1, 2014, the Company has acquired two businesses in the U.S. These acquisitions have allowed the Company to expand its products and service capabilities and offer its customers a greater breadth of solutions for their electrical power distribution and backup power needs. A summary of the acquisitions is as follows: Business Acquired Closing Net Assets Acquired (in 000s) Segment Primary Form of Consideration Titan Energy Worldwide, Inc. 12/02/14 $ Critical Power Cash/stock Harmonics Holdings Inc. 01/16/15 T&D Solutions Seller note/debt forgiveness $ E ach of the acquired businesses has been included in the Company’s results of operations since the date of closing its respective closing. 2014 Acquisition On December 2, 2014, the Company acquired voting control of Titan Energy Worldwide, Inc. (“Titan”), a Minneapolis-headquartered provider of sales and service for commercial and industrial-scale onsite power systems, including generators and associated switching equipment. By December 31, 2014, the Company had acquired 100% ownership of Titan. The Company funded the acquisition through a new term loan provided under its U.S. credit facilities and the issuance of shares of its common stock to former convertible preferred stock holders and note holders of Titan. The following table summarizes the consideration paid for the Titan acquisition and presents the allocation of the amount to the net tangible and identifiable intangible assets based on their estimated fair values as of December 2, 2014 (in thousands): Titan Acquisition Purchase Price Cash consideration $ Common stock consideration $ Purchase Price Allocation Current assets, including cash and cash equivalents of $0.1 million $ Property, plant and equipment Identifiable intangible assets Goodwill Total assets acquired Current liabilities Notes payable Net assets acquired $ The Company determined the purchase price allocation based on estimates of the fair values of the tangible and intangible assets acquired and liabilities assumed. Fair value estimates are based on a complex series of judgments about future events and uncertainties and rely heavily on estimates and assumptions. The judgments used to determine the estimated fair value assigned to each class of assets acquired and liabilities assumed, as well as asset lives, can impact the Company’s results of operations. Management utilized recognized valuation techniques, including the income approach and cost approach for the net assets acquired, in addition to relying on asset appraisals. The major classes of intangible assets arising from the acquisition of Titan, their respective amortization periods, and the amount of amortization expense recognized during the six months ended June 30, 2015 are as follows (in thousands): Weighted Average Amortization Years Titan Acquisition Acquired Intangible Assets Customer relationships 4 $ Distributor territory license 4 Internally developed software 7 Trade names 1 $ All of the goodwill and intangibles arising out of the Titan acquisition are amortizable for tax purposes. The Company incurred $0.7 million of transaction, due diligence and integration costs during the year ended December 31, 2014 that were reflected in the Company’s results as a period expense. These costs included legal reorganization expenses, professional fees and integration costs and were included in the Company’s other expense in its statements of operations. 2015 Acquisition On January 16, 2015 , the Company acquired substantially all the assets of Harmonics Holdings Inc. (“Harmonics”), consisting primarily of intellectual property, accounts receivable and machinery and equipment. Harmonics is a Connecticut-based specialty provider of equipment that incorporates a patented technology for the elimination of harmonic currents in power distribution systems. The transaction was accounted for under the purchase method of accounting and the Company funded the cash consideration for the acquisition from available cash on hand. The following table summarizes the consideration paid for the Harmonics acquisition and presents the preliminary allocation of the amount to the net tangible and identifiable intangible assets based on their estimated fair values as of January 16, 2015 (in thousands): Harmonics Acquisition Purchase Price Cash consideration $ Forgiveness of trade payables and indebtedness due to purchaser Deferred payments due to seller $ Purchase Price Allocation Current assets $ Property, plant and equipment Goodwill Total assets acquired Current liabilities - Net assets acquired $ The acquisition resulted in the recognition of goodwill in the Company’s consolidated financial statements because the purchase price exceeded the net tangible asset value and reflects the future earnings and cash flow potential of the acquired business. The Company made an initial allocation of the purchase price at the date of the acquisition, based upon its understanding of the fair value of the acquired tangible assets and assumed liabilities. After additional information is obtained about the intangible assets of the acquired business, the Company anticipates that its final allocation of the purchase price will result in a reduction to goodwill by an amount representing the estimated fair value of the intangible assets identified, which are likely to be intellectual property, customer relationships and non-compete agreements. The Company incurred approximately $13,000 of transaction costs related to the acquisition during the six months ended June 30, 2015 that are reflected in the Company’s statement of operations as a period expense.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2015
Inventories [Abstract]
Inventories	4. INVENTORIES The components of inventories are summarized below (in thousands): June 30, December 31, 2015 2014 Raw materials $ $ Work in process Finished goods Provision for excess and obsolete inventory Total inventories $ $ Included in raw materials and finished goods at June 30, 2015 and December 31, 2014 are goods in transit of approximately $ 0.1 million, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	5. GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying values of goodwill for the six months ended June 30, 2015, were as follows (in thousands): T&D Critical Power Solutions Solutions Total Segment Segment Goodwill Balance as of December 31, 2014 $ $ $ Additions due to acquisition - Adjustments - Balance as of June 30, 2015 $ $ $ Changes in the carrying values of intangible assets for the six months ended June 30, 2015, were as follows (in thousands): T&D Critical Power Total Solutions Solutions Intangible Segment Segment Assets Balance as of December 31, 2014 $ $ $ Amortization Foreign currency translation - Balance as of June 30, 2015 $ $ $ The components of intangible assets as of June 30, 2015 are summarized below (in thousands): Weighted average amortization years Gross carrying amount Accumulated amortization Impairment charges Foreign currency translation Net book value Customer relationships 7 $ $ $ $ $ Non-compete agreements 6 - Trademarks (a) - Distributor territory license 4 - - Internally developed software 7 - - Technology-related industry accreditations Indefinite - Total intangible assets $ $ $ $ $ (a) Includes $1.8 million of trademarks with an indefinite useful life, and $0.3 million of trademarks that will be fully amortized during 2015 as a result of the Company’s decision to cease using them.

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2015
Other Assets [Abstract]
Other Assets	6. OTHER ASSETS In December 2011 and January 2012 , the Company made two loans, each in the amount of $ 300,000 , to a developer of a renewable energy project in the U.S. The promissory notes accrue interest at a rate of 4.5 % per annum with a final payment of all unpaid principal and interest becoming fully due and payable upon the earlier to occur of (i) the four year anniversary of the issuance date of the promissory notes , or (ii) an event of default . As defined in the promissory notes, an event of default includes, but is not limited to, the following: any bankruptcy, reorganization or similar proceeding involving the borrower, a sale or transfer of substantially all the assets of the borrower, a default by the borrower relating to any indebtedness due to third parties, the incurrence of additional indebtedness by the borrower without the Company’s written consent and failure of the borrower to perform its obligations pursuant to its other agreements with the Company, including its purchase order for pad mount transformers. The full loan balance is outstanding at June 30, 2015. Also included in Other Assets at June 30, 2015 are deferred financing costs of $0.3 million, a note receivable of $0.1 million as compared to deferred financing costs of $0.3 million and a note receivable of $0.2 million at December 31, 2014.

Debt

Debt	6 Months Ended
	Jun. 30, 2015
Debt [Abstract]
Debt	7. DEBT Canadian Credit Facilities In June 2013, the Company’s Canadian subsidiary, Pioneer Electrogroup Canada Inc., entered into an amended and restated letter loan agreement with Bank of Montreal (the “Canadian Facilities”) that replaced and superseded all of the Company’s prior financ ing arrangements with the bank. The Canadian Facilities provide for up to $22.0 million Canadian dollars (“CAD”) (approximately $17.6 million expressed in U.S. dollars) in revolving and term debt. The Canadian facilities consist of a $10.0 million demand revolving credit facility (“Facility A”), a $2.0 million term credit facility (“Facility B”) and a $10.0 million term credit facility (“Facility C”). Borrowings on Facility A are subject to margin criteria and are available in either U.S. or Canadian dollars. Pricing for U.S. Base Rate and Canadian Rate loans is the U.S. Base Rate or Canadian Rate plus 0.50% per annum. Borrowings of U.S. dollar LIBOR-based loans are priced at LIBOR plus 2.00% . Borrowings under Facility B bear interest at the bank’s prime rate plus 1.00% per annum with principal repayments becoming due on a five year amortization schedule. Borrowings under Facility C are repayable according to a five year principal amortization schedule and bear interest for borrowings in U.S. dollars based on either LIBOR (plus 2.00% to 2.25%) or the U.S. Base Rate (plus 1.00% to 1.25%) , depending on the Company’s leverage ratio. Facility C borrowings in Canadian dollars are priced at the Canadian Rate plus 1.00% to 1.25% , depending on the Company’s leverage ratio. On March 27, 2015, the Company elected to prepay in full the Canadian dollar portion of Facility C with $5.0 million Canadian dollars (approximately $4.0 million expressed in U.S. dollars) of cash available on-hand. The Canadian Facilities are guaranteed by the Company and are secured by a first-ranking lien in the amount of $ 30 million CAD on all of the present and future movable and immovable property of the Company’s Canadian subsidiary. The Canadian Facilities require the Company’s Canadian operations to comply on a consolidated basis with various financial covenants, including maintaining a minimum fixed charge coverage ratio, a maximum funded debt to EBITDA ratio and a limitation on funded debt to capitalization. As of June 30, 2015 the Company had approximately $ 1.5 million in U.S. dollar equivalents outstanding under the Canadian Facilities and was in compliance with its financial covenant requirements. The Company’s borrowings consisted of $0 outstanding under Facility A, $0.6 million outstanding under Facility B and $0.9 million outstanding under Facility C. In July 2015, the Canadian Facilities were amended to provide for a $2.0 million loan under Facility A, which was used by the Company’s U.S. operations in connection with an acquisition (see Note 12 – Subsequent Events ). The loan must be repaid by September 30, 2015 . The Company intends to repay the loan using sources of cash including, but not limited to, its cash flow from operations and/or external financing sources, if required. United States Credit Facilities On June 28, 2013, the Company and its wholly-owned U.S. subsidiaries entered into a credit agreement with Bank of Montreal, Chicago Branch (the “U.S. Facility”) consisting of a $10.0 million demand revolving credit facility. On December 2, 2014, the U.S. Facilities were amended in order to provide a $5.0 million term loan facility that was used for the acquisition of Titan. The term loan facility has principal repayments becoming due on a five year amortization schedule. The U.S. Facility, as amended in August 2015, requires the Company to comply with a two-step test of financial covenants. First, the Company must comply with a maximum funded debt to adjusted EBITDA ratio of (a) 5.00x for the quarter ending June 30, 2015, (b) 7.00 x for the quarter ending September 30, 2015, (c) 4.00 x for the quarter ending December 31, 2015, (d) 3.25x for the quarter ending March 31, 2016 and (e) 2.75 x for the quarter ending June 30, 201 6 and all testing periods thereafter. Secondly, if the funded debt to adjusted EBITDA tests above are met, and the Company’s fixed charge coverage ratio is at or above (a) 1.00x for the quarter ending June 30, 2015, (b) 0.50x for the quarter ending September 30, 2015, (c) 1.00x for the quarter ending December 31, 2015, and (d) 1.25x for the quarter ending March 31, 2016 and all testing periods thereafter, then no further compliance tests are required. Alternatively, the Company may comply with the financial covenant requirements of the U.S. Facilities if its U.S. operations comply with various financial covenants, including (a) maintaining a minimum fixed charge coverage ratio of 1.35 , (b) limiting funded debt to less than 50% of capitalization, and (c) maintaining a maximum funded debt to adjusted EBITDA ratio of (i) 3.75 for fiscal quarters ending June 30, 2015 and September 30, 2015, and (ii) 3.00 for the fiscal quarters ending on or after December 31, 2015. The U.S. Facilities also restrict the ability of the Company and its U.S. subsidiaries to incur indebtedness, create or incur liens, make investments, make distributions or dividends and enter into merger agreements or agreements for the sale of any or all assets. Borrowings under the demand revolving credit facility bear interest, at the Company’s option, at the bank’s prime rate plus 1.00% per annum on U.S. prime rate loans, or an adjusted LIBOR rate plus 2.25% per annum on Eurodollar loans. Borrowings under the term loan facility bear interest, at the Company’s option, at the bank’s prime rate plus 1.25% per annum on U.S. prime rate loans, or an adjusted LIBOR rate plus 2.50% per annum on Eurodollar loans. In connection with the U.S. Facilities, the Company and its U.S. subsidiaries and the bank entered into a security agreement, pursuant to which the Company granted a security interest in substantially all of its assets in the U.S., including 65% of the shares of Pioneer Electrogroup Canada Inc., to secure the Company’s obligations under the U.S. Facilities. As of June 30, 2015, the Company had $14.1 million of borrowings outstanding under the U.S. Facilities and the Company was in compliance with its financial covenant requirements. The Company’s borrowings consisted of $9.2 million outstanding under its revolving credit facility and $4.9 million outstanding under its term loan facility. Nexus Promissory Note On July 25, 2012, the Company’s Mexican subsidiary, Nexus Magneticos de Mexico, S. de R.L. de C.V. (“Nexus”), entered into a $1.65 million term loan agreement with GE CF Mexico, S.A. de C.V. (“GE Capital Mexico”). The term loan is payable in 60 consecutive monthly installments and bears interest, payable monthly, at a rate of 6.93% per annum. The obligations of Nexus under the term loan are secured by certain machinery and equipment located in Mexico and by a corporate guaranty by the Company. As of June 30, 2015, there was approximately $0.5 million outstanding. Titan Notes Payable In connection with the acquisition of Titan, the Company assumed obligations to repay the remaining holders of unsecured notes. As of June 30, 2015, an aggregate principal amount of $70,000 remained outstanding. Long-term debt consists of the following (in thousands): June 30, December 31, 2015 2014 Term credit facilities $ $ Nexus promissory note Other notes payable Capital lease obligations Total debt Less current portion Total long-term debt $ $

Pension Plan

Pension Plan	6 Months Ended
	Jun. 30, 2015
Pension Plan [Abstract]
Pension Plan	8. PENSION PLAN The Company’s Canadian subsidiary sponsors a defined benefit pension plan at one of its locations in which a majority of its employees there are members. The subsidiary funds 100 % of all contributions to the plan. The benefits, or the rate per year of credit service, are established by the Company and updated at its discretion. The components of the expense the Company incurred under the pension plan are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Current service cost, net of employee contributions $ $ $ $ Interest cost on accrued benefit obligation Expected return on plan assets Amortization of transitional obligation Amortization of past service costs Amortization of net actuarial gain Total cost of benefit $ $ $ $ The Company’s policy is to fund the pension plan at or above the minimum level required by law. The Company made $ 59,000 and $68,000 of contributions to its defined benefit pension plan during the six months ended June 30, 2015 and 2014, respectively. Changes in the discount rate and actual investment returns that are lower than the long-term expected return on plan assets could result in the Company making additional contributions.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2015
Shareholders' Equity [Abstract]
Shareholders' Equity	9. SHAREHOLDERS’ EQUITY Common Stock The Company had 7,405,962 shares of common stock, $ 0.001 par value per share, outstanding of as of June 30, 2015 and December 31, 2014, respectively. In December 2014, in connection with the acquisition of Titan, the Company issued 233,707 shares of its common stock to Titan’s former convertible preferred stockholders and note holders in exchange for their interests in Titan. Warrants As of June 30, 2015, the Company had warrants outstanding to purchase 50,600 shares of common stock at an exercise price of $ 7.00 per share. These warrants are scheduled to expire on September 18, 2018 unless exercised earlier. No warrants were exercised during the six months ended June 30, 2015. Stock-Based Compensation A summary of stock option activity under the 2011 Long-Term Incentive Plan as of June 30, 2015, and changes during the six months ended June 30, 2015, are presented below: Stock Options Weighted average exercise price Weighted average remaining contractual term Aggregate intrinsic value Outstanding as of December 31, 2014 $ $ Granted - Exercised - - - - Forfeited - - - Outstanding as of June 30, 2015 $ $ Exercisable as of June 30, 2015 $ $ As of June 30, 2015, there were 320,600 shares available for future grants under the Company’s 2011 Long-Term Incentive Plan. Expense for stock-based compensation recorded for the three and six months ended June 30, 2015 was approximately $ 57 ,000 and $117,000 , respectively, as compared to $ 63 ,000 and $100,000 during the three and six months ended June 30, 2014 , respectively. At June 30, 2015, the Company had total stock-based compensation expense remaining to be recognized in the statement of operations of approximately $ 319,000 . Foreign Currency Translation Foreign assets and liabilities are translated using the exchange rate in effect at the balance sheet date, and results of operations are translated using an average rate for the period. Translation adjustments are accumulated and reported as a component of accumulated other comprehensive income (loss). The Company had foreign currency translation adjustments resulting in an unrealized loss of $1.2 million for the six months ended June 30, 2015, as compared to an unrealized gain of $0.1 million for the six months ended June 30, 2014.

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Basic and Diluted Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	10. BASIC AND DILUTED EARNINGS PER SHARE Basic and diluted earnings per common share are calculated based on the weighted average number of shares outstanding during the period. The Company’s employee and director stock option awards, as well as incremental shares issuable upon exercise of warrants, are not considered in the calculations if the effect would be anti-dilutive. The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator: Net (loss) earnings $ $ $ $ Denominator: Weighted average basic shares outstanding Effect of dilutive securities - equity based compensation plans - - Net dilutive effect of warrants outstanding - - Denominator for diluted earnings per common share Net (loss) earnings per common share: Basic $ $ $ $ Diluted $ $ $ $ Anti-dilutive securities (excluded from per share calculation): Equity based compensation plans Warrants

Business Segment and Geographic

Business Segment and Geographic Information	6 Months Ended
	Jun. 30, 2015
Business Segment and Geographic Information [Abstract]
Business Segment and Geographic Information	11. BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION The Company follows ASC 280 ­ Segment Reporting in determining its reportable segments. In December 2014, the Company considered the way its management team, most notably its chief operating decision maker, makes operating decisions and assesses performance and considered which components of the Company’s enterprise have discrete financial information available. As the Company makes decisions using a products and services group focus, its analysis resulted in two reportable segments: T&D Solutions and Critical Power Solutions. The Critical Power Solutions reportable segment is an aggregation of the Company’s Pioneer Critical Power Inc. and Titan Energy Systems Inc. subsidiaries, and also includes sales and expenses directly and indirectly attributable to the Company’s strategic sales group. The T&D Solutions reportable segment is an aggregation of all other Company subsidiaries, together with sales and expenses attributable to the strategic sales group for its T&D Solutions marketing activities. The T&D Solutions segment is involved in the design, manufacture and distribution of electrical transformers and switchgear used primarily by utilities, large industrial and commercial operations to manage their electrical power distribution needs. The Critical Power Solutions segment provides power generation equipment, switchgear, related electrical distribution infrastructure and aftermarket field-services primarily to help customers ensure smooth, uninterrupted power to operations during times of emergency. The following tables present information about segment income and loss (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenues T&D Solutions $ $ $ $ Critical Power Solutions Consolidated $ $ $ $ Depreciation and Amortization T&D Solutions $ $ $ $ Critical Power Solutions General Corporate Consolidated $ $ $ $ Operating Income (Loss) T&D Solutions $ $ $ $ Critical Power Solutions General Corporate Consolidated $ $ $ $ Revenues are attributable to countries based on the location of the Company's customers (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 United States $ $ $ $ Canada Others Total $ $ $ $

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2015
Subsequent Event [Abstract]
Subsequent Event	12. SUBSEQUENT EVENT S On August 1, 2015, Pioneer Custom Electrical Products Inc. completed the purchase of substantially all the assets comprising the business of Pacific Power Integration Systems, Inc. (“Pacific”). Located in Santa Fe Springs, California, Pacific is a manufacturer of low and medium voltage switchgear, primarily serving customers in the oil refining, mass transit and utility sectors. The purchase price of $2.0 million in cash was financed with revolving debt drawn from the Company’s Canadian Facilities, and must be repaid by September 30, 2015 (see Note 7 – Debt).

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements There have been no recent accounting pronouncements not yet adopted by the Company which would have a material impact on the Company’s financial statements. Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity . In April 2014, the FASB issued Accounting Standards Update No. 2014-08 (“ASU 2014-08”) on reporting discontinued operations and disclosures of disposals of components of an entity. The new guidance restricts the presentation of discontinued operations to business circumstances when the disposal of business operations represents a strategic shift that has or will have a major effect on an entity's operations and financial results and enhances the related disclosure requirements. The Company adopted ASU 2014-08 on January 1, 2015, as required. There was no material impact on the Consolidated Financial Statements resulting from the adoption. Revenue from Contracts with Customers . In May 2014, the FASB issued Accounting Standards Update No. 2014-09 (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. In July 2015, the FASB made a decision to defer the effective date of the new standard for one year and permit early adoption as of the original effective date. The Company is currently evaluating the impact of its pending adoption of ASU 2014-09 on its consolidated financial statements and has not yet determined the method by which it will adopt the standard in 2018. Simplifying the Measurement of Inventory. The FASB recently issued ASU 2015-11 1 as part of its simplification initiative. The amendments require inventory within the scope of the ASU to be measured using the lower of cost and net realizable value. The changes apply to all types of inventory, except those measured using LIFO or the retail inventory method. The new standard takes effect in 2017 for calendar year-end entities. . The Company is currently evaluating the impact on its consolidated financial statements.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2015
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	A summary of the acquisitions is as follows:
Titan Energy Worldwide Inc. [Member]
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the consideration paid for the Titan acquisition and presents the allocation of the amount to the net tangible and identifiable intangible assets based on their estimated fair values as of December 2, 2014 (in thousands): Titan Acquisition Purchase Price Cash consideration $ Common stock consideration $ Purchase Price Allocation Current assets, including cash and cash equivalents of $0.1 million $ Property, plant and equipment Identifiable intangible assets Goodwill Total assets acquired Current liabilities Notes payable Net assets acquired $
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The major classes of intangible assets arising from the acquisition of Titan, their respective amortization periods, and the amount of amortization expense recognized during the six months ended June 30, 2015 are as follows (in thousands): Weighted Average Amortization Years Titan Acquisition Acquired Intangible Assets Customer relationships 4 $ Distributor territory license 4 Internally developed software 7 Trade names 1 $
Harmonics Holdings Inc. [Member]
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the consideration paid for the Harmonics acquisition and presents the preliminary allocation of the amount to the net tangible and identifiable intangible assets based on their estimated fair values as of January 16, 2015 (in thousands): Harmonics Acquisition Purchase Price Cash consideration $ Forgiveness of trade payables and indebtedness due to purchaser Deferred payments due to seller $ Purchase Price Allocation Current assets $ Property, plant and equipment Goodwill Total assets acquired Current liabilities - Net assets acquired $

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventories [Abstract]
Schedule of Inventories	The components of inventories are summarized below (in thousands): June 30, December 31, 2015 2014 Raw materials $ $ Work in process Finished goods Provision for excess and obsolete inventory Total inventories $ $

Goodwill and Other Intangible22

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Other Intangible Assets [Abstract]
Schedule of Intangible Assets and Goodwill	Changes in the carrying values of goodwill for the six months ended June 30, 2015, were as follows (in thousands): T&D Critical Power Solutions Solutions Total Segment Segment Goodwill Balance as of December 31, 2014 $ $ $ Additions due to acquisition - Adjustments - Balance as of June 30, 2015 $ $ $ Changes in the carrying values of intangible assets for the six months ended June 30, 2015, were as follows (in thousands): T&D Critical Power Total Solutions Solutions Intangible Segment Segment Assets Balance as of December 31, 2014 $ $ $ Amortization Foreign currency translation - Balance as of June 30, 2015 $ $ $ The components of intangible assets as of June 30, 2015 are summarized below (in thousands): Weighted average amortization years Gross carrying amount Accumulated amortization Impairment charges Foreign currency translation Net book value Customer relationships 7 $ $ $ $ $ Non-compete agreements 6 - Trademarks (a) - Distributor territory license 4 - - Internally developed software 7 - - Technology-related industry accreditations Indefinite - Total intangible assets $ $ $ $ $ (a) Includes $1.8 million of trademarks with an indefinite useful life, and $0.3 million of trademarks that will be fully amortized during 2015 as a result of the Company’s decision to cease using them.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following (in thousands): June 30, December 31, 2015 2014 Term credit facilities $ $ Nexus promissory note Other notes payable Capital lease obligations Total debt Less current portion Total long-term debt $ $

Pension Plan (Tables)

Pension Plan (Tables)	6 Months Ended
	Jun. 30, 2015
Pension Plan [Abstract]
Schedule of Pension Plan Expenses	The components of the expense the Company incurred under the pension plan are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Current service cost, net of employee contributions $ $ $ $ Interest cost on accrued benefit obligation Expected return on plan assets Amortization of transitional obligation Amortization of past service costs Amortization of net actuarial gain Total cost of benefit $ $ $ $

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2015
2011 Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock Option Activity	A summary of stock option activity under the 2011 Long-Term Incentive Plan as of June 30, 2015, and changes during the six months ended June 30, 2015, are presented below: Stock Options Weighted average exercise price Weighted average remaining contractual term Aggregate intrinsic value Outstanding as of December 31, 2014 $ $ Granted - Exercised - - - - Forfeited - - - Outstanding as of June 30, 2015 $ $ Exercisable as of June 30, 2015 $ $

Basic and Diluted Earnings Pe26

Basic and Diluted Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Basic and Diluted Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator: Net (loss) earnings $ $ $ $ Denominator: Weighted average basic shares outstanding Effect of dilutive securities - equity based compensation plans - - Net dilutive effect of warrants outstanding - - Denominator for diluted earnings per common share Net (loss) earnings per common share: Basic $ $ $ $ Diluted $ $ $ $ Anti-dilutive securities (excluded from per share calculation): Equity based compensation plans Warrants

Business Segment and Geograph27

Business Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2015
Business Segment and Geographic Information [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following tables present information about segment income and loss (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenues T&D Solutions $ $ $ $ Critical Power Solutions Consolidated $ $ $ $ Depreciation and Amortization T&D Solutions $ $ $ $ Critical Power Solutions General Corporate Consolidated $ $ $ $ Operating Income (Loss) T&D Solutions $ $ $ $ Critical Power Solutions General Corporate Consolidated $ $ $ $
Schedule of Geographical Information	Revenues are attributable to countries based on the location of the Company's customers (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 United States $ $ $ $ Canada Others Total $ $ $ $

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015segment
Basis of Presentation [Abstract]
Number of reportable segments	2

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015USD ($)entity	Dec. 31, 2014USD ($)
Business Acquisition [Line Items]
Number of businesses acquired | entity	2
Titan Energy Worldwide Inc. [Member]
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition	Dec. 2, 2014
Equity method investment, ownership percentage		100.00%
Transaction costs incurred		$ 700,000
Harmonics Holdings Inc. [Member]
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition	Jan. 16, 2015
Transaction costs incurred	$ 13,000

Acquisitions (Summary of Acquis

Acquisitions (Summary of Acquisitions) (Details) - USD ($) $ in Thousands	Jan. 16, 2015	Dec. 02, 2014	Jun. 30, 2015	Dec. 31, 2014
Purchase Price Allocation
Goodwill			$ 10,624	$ 9,606
Net assets acquired			$ 3,160
Titan Energy Worldwide Inc. [Member]
Business Acquisition [Line Items]
Business Acquisition, Name of Acquired Entity			Titan Energy Worldwide, Inc.
Business acquisition, effective date of acquisition			Dec. 2, 2014
Business combination location within acquiree's segment			Critical Power
Business combination primary form of consideration			Cash/stock
Purchase Price
Cash consideration		$ 953
Common stock consideration		1,005
Purchase Price Allocation
Current assets		3,721
Property, plant and equipment		410
Identifiable intangible assets		5,147
Goodwill		2,719
Total assets acquired		11,997
Current liabilities		(6,881)
Notes payable		(3,158)
Net assets acquired		1,958	$ 1,958
Cash and cash equivalents		$ 100
Harmonics Holdings Inc. [Member]
Business Acquisition [Line Items]
Business Acquisition, Name of Acquired Entity			Harmonics Holdings Inc.
Business acquisition, effective date of acquisition			Jan. 16, 2015
Business combination location within acquiree's segment			T&D Solutions
Business combination primary form of consideration			Seller note/debt forgiveness
Purchase Price
Cash consideration	$ 93
Purchase Price Allocation
Current assets	21
Property, plant and equipment	4
Goodwill	1,177
Total assets acquired	1,202
Net assets acquired	1,202		$ 1,202
Harmonics Holdings Inc. [Member] | Forgiveness Trade Payables and Indebtedness to Purchaser [Member]
Purchase Price
Business combination, separately recognized transactions, assets recognized	609
Harmonics Holdings Inc. [Member] | Deferred Purchase Price Due To Seller [Member]
Purchase Price
Business combination, separately recognized transactions, assets recognized	$ 500

Acquisitions (Schedule of Finit

Acquisitions (Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 869	$ 159
Titan Energy Worldwide Inc. [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 5,147
Titan Energy Worldwide Inc. [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period of identifiable intangible assets	4 years
Amortization of intangibles	$ 4,320
Titan Energy Worldwide Inc. [Member] | Distributor Territory License [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period of identifiable intangible assets	4 years
Amortization of intangibles	$ 474
Titan Energy Worldwide Inc. [Member] | Internally Developed Software [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period of identifiable intangible assets	7 years
Amortization of intangibles	$ 289
Titan Energy Worldwide Inc. [Member] | Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period of identifiable intangible assets	1 year
Amortization of intangibles	$ 64

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) $ in Millions	Jun. 30, 2015USD ($)
Inventories [Abstract]
Goods in transit	$ 0.1

Inventories (Schedule of Invent

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventories [Abstract]
Raw materials	$ 6,332	$ 5,844
Work in process	4,491	3,496
Finished goods	5,228	5,567
Provision for excess and obsolete inventory	(469)	(478)
Total inventories	$ 15,582	$ 14,429

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Goodwill [Roll Forward]
Balance as of December 31, 2014	$ 9,606
Additions due to acquisitions	1,177
Adjustments	(159)
Balance as of June 30, 2015	10,624
T & D Solutions Segment [Member]
Goodwill [Roll Forward]
Balance as of December 31, 2014	6,029
Additions due to acquisitions	1,177
Balance as of June 30, 2015	7,206
Critical Power Solutions Segment [Member]
Goodwill [Roll Forward]
Balance as of December 31, 2014	3,577
Adjustments	(159)
Balance as of June 30, 2015	$ 3,418

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets (Schedule of Carrying Value of Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Balance as of December 31, 2014	$ 9,791
Amortization	(869)	$ (159)
Foreign currency translation	(56)
Balance as of June 30, 2015	8,866
T & D Solutions Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Balance as of December 31, 2014	4,386
Amortization	(186)
Foreign currency translation	(56)
Balance as of June 30, 2015	4,144
Critical Power Solutions Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Balance as of December 31, 2014	5,405
Amortization	(683)
Balance as of June 30, 2015	$ 4,722

Goodwill and Other Intangible36

Goodwill and Other Intangible Assets (Schedule of Intangible Assets) (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		$ 11,573
Accumulated amortization		(2,197)
Impairment charges		(231)
Foreign currency translation		(279)
Net book value		$ 8,866	$ 9,791
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization years		7 years
Gross carrying amount		$ 7,282
Accumulated amortization		(1,801)
Impairment charges		(214)
Foreign currency translation		(153)
Net book value		$ 5,114
Non-Compete Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization years		6 years
Gross carrying amount		$ 465
Accumulated amortization		(234)
Foreign currency translation		(2)
Net book value		$ 229
Trademarks
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization years, description	[1]
Gross carrying amount		$ 2,113
Accumulated amortization		(82)
Foreign currency translation		(59)
Net book value		1,972
Indefinite-lived intangible assets acquired		1,800
Next six months		$ 300
Distributor Territory License [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization years		4 years
Gross carrying amount		$ 474
Accumulated amortization		(59)
Net book value		$ 415
Internally Developed Software [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization years		7 years
Gross carrying amount		$ 289
Accumulated amortization		(21)
Net book value		$ 268
Technology-Related Industry Accreditations [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization years, description		Indefinite
Gross carrying amount		$ 950
Impairment charges		(17)
Foreign currency translation		(65)
Net book value		$ 868
[1]	Includes $1.8 million of trademarks with an indefinite useful life, and $0.3 million of trademarks that will be fully amortized during 2015 as a result of the Company's decision to cease using them.

Other Assets (Narrative) (Detai

Other Assets (Narrative) (Details)	Jan. 31, 2012USD ($)item	Jan. 31, 2012USD ($)	Dec. 31, 2011USD ($)item	Dec. 31, 2011USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred financing costs					$ 300,000	$ 300,000
Note receivable					$ 100,000	$ 200,000
Promissory Notes [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal amount	$ 300,000	$ 300,000	$ 300,000	$ 300,000
Number of promissory notes | item	1		1
Accrued interest rate (in percent)		4.50%		4.50%
Notes receivables, maturity date, description					the four year anniversary of the issuance date of the promissory notes, or (ii) an event of default
Notes receivables, maturity date	Jan. 31, 2016		Dec. 31, 2015

Debt (Narrative) (Canadian Cred

Debt (Narrative) (Canadian Credit Facilities) (Details) $ in Thousands, CAD in Millions	6 Months Ended
	Jun. 30, 2015CAD	Jun. 30, 2015USD ($)	Jul. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2013CAD	Jun. 30, 2013USD ($)
Line of Credit Facility [Line Items]
Credit facilities amount outstanding		$ 9,153		$ 6,860
Canadian Credit Facilities (Facility C)
Line of Credit Facility [Line Items]
Credit facility, borrowing capacity | CAD					CAD 10
Repayments of lines of credit	CAD 5	4,000
Credit facilities amount outstanding		900
Canadian Credit Facilities (Facility B)
Line of Credit Facility [Line Items]
Credit facility, borrowing capacity | CAD					2
Credit facilities amount outstanding		600
Canadian Credit Facilities (Facility A)
Line of Credit Facility [Line Items]
Credit facility, borrowing capacity | CAD					10
Credit facilities amount outstanding		0
Term Credit Facilities [Member]
Line of Credit Facility [Line Items]
Credit facility, borrowing capacity					22	$ 17,600
Canadian facilities secured by a first-ranking lien | CAD					CAD 30
Credit facilities amount outstanding		$ 1,500
Pioneer Electrogroup Canada Incorporated [Member] | Term Credit Facilities [Member]
Line of Credit Facility [Line Items]
Debt instrument, maturity date	Sep. 30, 2015	Sep. 30, 2015
Base Rate Plus Funds Borrowed in USD [Member] | Minimum [Member] | Canadian Credit Facilities (Facility C)
Line of Credit Facility [Line Items]
Interest rate spread	1.00%	1.00%
Base Rate Plus Funds Borrowed in USD [Member] | Maximum [Member] | Canadian Credit Facilities (Facility C)
Line of Credit Facility [Line Items]
Interest rate spread	1.25%	1.25%
Base Rate Plus Funds Borrowed in CAD [Member] | Canadian Credit Facilities (Facility B)
Line of Credit Facility [Line Items]
Interest rate spread	1.00%	1.00%
Base Rate Plus Funds Borrowed in CAD [Member] | Minimum [Member] | Canadian Credit Facilities (Facility C)
Line of Credit Facility [Line Items]
Interest rate spread	1.00%	1.00%
Base Rate Plus Funds Borrowed in CAD [Member] | Maximum [Member] | Canadian Credit Facilities (Facility C)
Line of Credit Facility [Line Items]
Interest rate spread	1.25%	1.25%
Base Rate Plus Funds Borrowed in USD or CAD [Member] | Canadian Credit Facilities (Facility A)
Line of Credit Facility [Line Items]
Interest rate spread	0.50%	0.50%
LIBOR Plus Funds Borrowed In USD [Member] | Canadian Credit Facilities (Facility A)
Line of Credit Facility [Line Items]
Interest rate spread	2.00%	2.00%
LIBOR Plus Funds Borrowed In USD [Member] | Minimum [Member] | Canadian Credit Facilities (Facility C)
Line of Credit Facility [Line Items]
Interest rate spread	2.00%	2.00%
LIBOR Plus Funds Borrowed In USD [Member] | Maximum [Member] | Canadian Credit Facilities (Facility C)
Line of Credit Facility [Line Items]
Interest rate spread	2.25%	2.25%
Subsequent Event [Member] | Pioneer Electrogroup Canada Incorporated [Member] | Term Credit Facilities [Member]
Line of Credit Facility [Line Items]
Credit facilities amount outstanding			$ 2,000

Debt (Narrative) (United States

Debt (Narrative) (United States Credit Facilities) (Details) - Subsequent Event Type [Domain] $ in Thousands	Jun. 23, 2013	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016	Dec. 31, 2014USD ($)	Dec. 02, 2014USD ($)	Jun. 28, 2013USD ($)
Line of Credit Facility [Line Items]
Credit facilities amount outstanding					$ 9,153	$ 9,153		$ 6,860
Term Credit Facility (U.S. Facilities) [Member]
Line of Credit Facility [Line Items]
Credit facility, borrowing capacity									$ 5,000
Minimum fixed charge coverage ratio						1.35
Percentage of debt to capitalization					50	50
Percentage of subsidiary shares used to secure borrowings in facility	65.00%
Credit facilities amount outstanding					$ 4,900	$ 4,900
United States Credit Facilities [Member]
Line of Credit Facility [Line Items]
Credit facilities amount outstanding					$ 14,100	$ 14,100
United States Credit Facilities [Member] | Scenario, Plan [Member]
Line of Credit Facility [Line Items]
Minimum fixed charge coverage ratio			1		1
United States Credit Facilities [Member] | Bank of Montreal [Member]
Line of Credit Facility [Line Items]
Credit facility, borrowing capacity										$ 10,000
United States Credit Facilities [Member] | Prime Rate [Member]
Line of Credit Facility [Line Items]
Interest rate spread						1.00%
United States Credit Facilities [Member] | LIBOR Eurodollar Loan [Member]
Line of Credit Facility [Line Items]
Interest rate spread						2.25%
Term Loan Facility [Member] | Term Credit Facility (U.S. Facilities) [Member] | Prime Rate [Member]
Line of Credit Facility [Line Items]
Interest rate spread						1.25%
Term Loan Facility [Member] | Term Credit Facility (U.S. Facilities) [Member] | LIBOR Eurodollar Loan [Member]
Line of Credit Facility [Line Items]
Interest rate spread						2.50%
Minimum [Member] | United States Credit Facilities [Member] | Scenario, Plan [Member]
Line of Credit Facility [Line Items]
Minimum fixed charge coverage ratio		1.25		0.50
Maximum [Member] | United States Credit Facilities [Member]
Line of Credit Facility [Line Items]
EBITDA benchmark ratio					5	5
Maximum [Member] | United States Credit Facilities [Member] | Scenario, Plan [Member]
Line of Credit Facility [Line Items]
EBITDA benchmark ratio		3.25	4	7			2.75
Fiscal Quarters Ending on of After December 31, 2015 [Member] | Term Credit Facility (U.S. Facilities) [Member]
Line of Credit Facility [Line Items]
EBITDA benchmark ratio					3	3
Quarter Ends March 31, 2015 and September 30, 2015 [Member] | Term Credit Facility (U.S. Facilities) [Member]
Line of Credit Facility [Line Items]
EBITDA benchmark ratio					3.75	3.75

Debt (Narrative) (Nexus Promiss

Debt (Narrative) (Nexus Promissory Note) (Details) - GE Cf Mexico (Term Loan Agreement) [Member] - USD ($)	6 Months Ended
	Jun. 30, 2015	Jul. 25, 2012
Note issued		$ 1,650,000
Term loan frequency of periodic payment	60 consecutive monthly installments
Rate of interest of debt instrument		6.93%
Term Loan Facility [Member]
Long-term Debt	$ 500,000

Debt (Narrative) (Titans Notes

Debt (Narrative) (Titans Notes Payable) (Details)	Jun. 30, 2015USD ($)
Titan Energy Worldwide Inc. [Member]
Unsecured debt, current	$ 70,000

Debt (Schedule of Long-Term Deb

Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total debt	$ 7,003	$ 12,022
Less current portion	(1,642)	(2,483)
Total long-term debt	5,361	9,539
Term Credit Facilities [Member]
Debt Instrument [Line Items]
Total debt	6,470	11,165
Other Notes Payable [Member]
Debt Instrument [Line Items]
Total debt	70	260
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Total debt	8	10
Nexus Promissory Note [Member]
Debt Instrument [Line Items]
Total debt	$ 455	$ 587

Pension Plan (Narrative) (Detai

Pension Plan (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Pension Plan [Abstract]
Funded percentage (in percent)	100.00%	100.00%
Contributions to defined benefit pension plan	$ 59,000	$ 68,000

Pension Plan (Schedule of Pensi

Pension Plan (Schedule of Pension Plan Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pension Plan [Abstract]
Current service cost, net of employee contributions	$ 14	$ 9	$ 29	$ 20
Interest cost on accrued benefit obligation	27	32	55	64
Expected return on plan assets	(44)	(44)	(85)	(86)
Amortization of transitional obligation	3	3	5	6
Amortization of past service costs	2	2	4	4
Amortization of net actuarial gain	9	8	19	17
Total cost of benefit	$ 11	$ 10	$ 27	$ 25

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001		$ 0.001
Common stock, outstanding shares	7,405,962	7,405,962		7,405,962
Outstanding purchase of warrants (in shares)		50,600		50,600
Strike price of warrants outstanding		$ 7		$ 7
Warrant expiration date range end				Sep. 18, 2018
Warrants exercised				0
Stock-based compensation expense		$ 57,000	$ 63,000	$ 117,000	$ 100,000
Stock-based compensation expense unrecognized in the statement of operations		$ 319,000		319,000
Foreign currency translation				$ (1,200,000)	$ 100,000
2011 Long-Term Incentive Plan [Member]
Shares available for future grants		320,600		320,600
Titan Energy Worldwide Inc. [Member]
Business acquisition, equity interest issued or issuable, number of shares	233,707

Shareholders' Equity (Schedule

Shareholders' Equity (Schedule of Stock Option Activity) (Details) - 2011 Long-Term Incentive Plan [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Stock options:
Balance at the beginning of period	366,400
Granted	13,000
Exercised
Forfeited	(30,000)
Outstanding at the end of period	349,400	366,400
Exercisable at the end of period	278,401
Weighted average exercise price;
Balance at the beginning of period, per share	$ 9.81
Granted, per share	8.98
Outstanding at the end of period, per share	9.34	$ 9.81
Exercisable at the end of period, per share	$ 9.48
Weighted average remaining contractual term:
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm3	7 years 1 month 6 days	6 years 10 months 24 days
Granted (in years)	10 years
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm3	7 years 1 month 6 days	6 years 10 months 24 days
Exercisable at the end of period (in years)	6 years 4 months 24 days
Aggregate intrinsic value:
Balance at the beginning of period	$ 268,400
Outstanding at the end of period	268,400	$ 268,400
Exercisable at the end of period	$ 229,774

Basic and Diluted Earnings Pe47

Basic and Diluted Earnings Per Share (Schedule of Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator:
Net (loss) earnings	$ (817)	$ 302	$ (1,042)	$ 892
Denominator:
Weighted average basic shares outstanding	7,406	7,172	7,406	7,172
Effect of dilutive securities - equity based compensation plans		54		60
Net dilutive effect of warrants outstanding		11		12
Denominator for diluted earnings per common share	7,406	7,237	7,406	7,244
Net (loss) earnings per common share:
Basic	$ (0.11)	$ 0.04	$ (0.14)	$ 0.12
Diluted	$ (0.11)	$ 0.04	$ (0.14)	$ 0.12
Equity Based Compensation Plans[Member]
Anti-dilutive securities (excluded from per share calculation):
Excluded securities from computation of basic and diluted EPS	349	223	349	223
Warrants [Member]
Anti-dilutive securities (excluded from per share calculation):
Excluded securities from computation of basic and diluted EPS	51	240	51	240

Business Segment and Geograph48

Business Segment and Geographic Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015segment
Business Segment and Geographic Information [Abstract]
Number of reportable segments	2

Business Segment and Geograph49

Business Segment and Geographic Information (Reconciliation of Revenue from Segments to Consolidated) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 26,460	$ 21,064	$ 55,348	$ 41,957
Operating Income (Loss)	(687)	571	(770)	1,568
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	26,460	21,064	55,348	41,957
Depreciation and Amortization	793	421	1,578	825
Operating Income (Loss)	(687)	571	(770)	1,568
Operating Segments [Member] | T & D Solutions Segment [Member]
Segment Reporting Information [Line Items]
Revenues	20,914	20,857	44,577	40,607
Depreciation and Amortization	397	392	790	769
Operating Income (Loss)	483	1,401	2,189	2,957
Operating Segments [Member] | Critical Power Solutions Segment [Member]
Segment Reporting Information [Line Items]
Revenues	5,546	207	10,771	1,350
Depreciation and Amortization	379	18	755	35
Operating Income (Loss)	(586)	(263)	(1,378)	(227)
Operating Segments [Member] | Corporate Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and Amortization	17	11	33	21
Operating Income (Loss)	$ (584)	$ (567)	$ (1,581)	$ (1,162)

Business Segment and Geograph50

Business Segment and Geographic Information (Schedule of Geographical Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 26,460	$ 21,064	$ 55,348	$ 41,957
United States [Member]
Segment Reporting Information [Line Items]
Revenues	16,001	9,088	34,399	19,407
Canada [Member]
Segment Reporting Information [Line Items]
Revenues	10,110	11,968	20,585	22,542
Others [Member]
Segment Reporting Information [Line Items]
Revenues	$ 349	$ 8	$ 364	$ 8

Subsequent Event (Narrative) (D

Subsequent Event (Narrative) (Details) - Term Credit Facilities [Member] - Pioneer Electrogroup Canada Incorporated [Member] - USD ($) $ in Millions	Aug. 01, 2015	Jun. 30, 2015
Subsequent Event [Line Items]
Debt instrument, maturity date		Sep. 30, 2015
Subsequent Event [Member]
Subsequent Event [Line Items]
Revolving debt drawn	$ 2