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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2015
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 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  
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

 

    

Year ended
December 31

2013

 

In thousands, except per share

  

Pro forma

  

Net sales

   $ 1,779,434   

Net income

     80,381   

Diluted earnings per share

     1.82