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Acquisition (Tables) | 6 Months Ended
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Jun. 30, 2014
Business Combinations [Abstract] |
Summary of Allocation of Purchase Price to Assets Acquired and Liabilities Assumed | The 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, 2013:
In thousands, except per share |  | Three months ended June 30 2013 |  |  | Six months ended June 30 2013 |
Pro forma |  |  |  |  |  |  |  |
Net sales |  | $ | 441,204 |  |  | $ | 887,975 |
Net income |  |  | 6,643 |  |  |  | 29,436 |
Diluted earnings per share |  |  | 0.15 |  |  |  | 0.67 |

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- 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 + Details
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- 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 + Details
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