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Acquisition (Tables)

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Summary of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The preliminary allocation of the purchase price to assets acquired and liabilities assumed is as follows:

In thousands		As originally presented				Cumulative Adjustments				Adjusted
Assets
Cash		$	12,227				—			$	12,227
Accounts receivable			23,870				—				23,870
Inventory			13,864				—				13,864
Prepaid and other current assets			6,674				1,386				8,060
Plant, equipment and timberlands			60,951				—				60,951
Intangible assets			87,596				—				87,596
Goodwill			76,256				(1,386	)			74,870
Total assets			281,438				—				281,438
Liabilities
Accounts payable and accrued expenses			20,360				(107	)			20,253
Deferred tax liabilities			36,120				—				36,120
Other long term liabilities			1,820				107				1,927
Total liabilities			58,300				—				58,300
Total			223,138				—				223,138
less cash acquired			(12,227	)			—				(12,227	)
Total purchase price		$	210,911				—			$	210,911

Summary of Pro Forma Financial Information

The table below summarizes pro forma financial information as if the acquisition and related financing transaction occurred as of January 1, 2012:

		Three months ended September 30
In thousands, except per share		2013				2012
Pro forma
Net sales		$	456,648			$	439,042
Net income			34,273				24,243
Diluted earnings per share			0.77				0.56

		Nine months ended September 30
In thousands, except per share		2013				2012
Pro forma
Net sales		$	1,344,623			$	1,298,629
Net income			63,709				67,244
Diluted earnings per share			1.44				1.54

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(2)-(3)

-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

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