Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

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


In thousands	Final Allocation
Assets
Cash and cash equivalents	$	12,227
Accounts receivable		23,870
Inventory		13,864
Prepaid and other current assets		8,060
Plant, equipment and timberlands		60,951
Intangible assets		87,596
Goodwill		74,870
Total assets		281,438
Liabilities
Accounts payable		20,253
Deferred tax liabilities		36,120
Other long term liabilities		1,927
Total liabilities		58,300
Total		223,138
less cash acquired		(12,227	)
Total purchase price	$	210,911

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


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