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Acquisitions (Tables)

12 Months Ended

Dec. 31, 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 and cash equivalents		$	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			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, 2011:

			Year ended December 31
In thousands, except per share			2013				2012				2011
Pro forma
Net sales		$	1,779,434			$	1,727,538			$	1,749,342
Net income			80,381				79,075				56,789
Diluted earnings per share			1.82				1.81				1.24

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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