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BUSINESS ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2013
BUSINESS ACQUISITIONS [Abstract]  
Estimated fair values of assets acquired and liabilities assumed
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed during 2012 and 2013 in connection with the acquisitions described above (in thousands):

Cash
 
$
12,804
 
Accounts Receivable, net
  
53,314
 
Inventory
  
12,727
 
Property and equipment
  
38,421
 
Goodwill and intangibles
  
139,391
 
Other assets
  
3,793
 
Assets acquired
  
260,450
 
Current liabilities assumed
  
(49,482
)
Non-current liabilities assumed
  
(22,406
)
 Net assets acquired
 
$
188,562
 
Pro forma unaudited results of operations
The pro forma unaudited results of operations for the Company on a consolidated basis for the three and nine months ended September 30, 2013 and 2012, assuming the acquisition of businesses completed in 2013 and 2012 were consummated as of January 1, 2012 are as follows (in thousands, except per share data):

 
 
Three Months Ended
September 30,
  
Nine Months Ended
September 30,
 
 
 
2013
  
2012
  
2013
  
2012
 
Net sales
 
$
330,876
  
$
318,895
  
$
970,714
  
$
958,560
 
Net income
 
$
16,414
  
$
13,363
  
$
45,048
  
$
40,149
 
Per share data
                
Basic earnings
 
$
1.14
  
$
0.92
  
$
3.11
  
$
2.78
 
Diluted earnings
 
$
1.07
  
$
0.87
  
$
2.95
  
$
2.63