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Acquisition (Tables) | 9 Months Ended
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Sep. 30, 2019
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 |  |  |  | Allocation |
Assets |  |  |  |  |  |
Cash and cash equivalents |  |  |  | $ | 7,540 |
Accounts receivable |  |  |  |  | 13,277 |
Inventory |  |  |  |  | 11,133 |
Prepaid and other current assets |  |  |  |  | 869 |
Plant, equipment and timberlands |  |  |  |  | 66,167 |
Intangible assets |  |  |  |  | 43,573 |
Goodwill |  |  |  |  | 74,770 |
Total assets |  |  |  |  | 217,329 |
Liabilities |  |  |  |  |  |
Accounts payable |  |  |  |  | 8,577 |
Deferred tax liabilities |  |  |  |  | 19,119 |
Other long term liabilities |  |  |  |  | 1,162 |
Total liabilities |  |  |  |  | 28,858 |
Total |  |  |  |  | 188,471 |
less cash acquired |  |  |  |  | (7,540 | )
Total purchase price |  |  |  | $ | 180,931 |
Summary of Unaudited Pro Forma Financial Information | The following table summarizes unaudited pro forma financial information for the indicated periods of 2018 as if the acquisition occurred as of January 1, 2018:
|  | Three months ended September 30 |  |  | Nine months ended September 30 |
In thousands, except per share |  | (unaudited) |
Pro forma |  |  |  |  |  |  |  |
Net sales |  | $ | 233,043 |  |  | $ | 707,563 |
Income from continuing operations |  |  | 2,463 |  |  |  | 7,558 |
Income per share from continuing operations |  |  | 0.06 |  |  |  | 0.17 |

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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