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Acquisition (Tables) | 6 Months Ended
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Jun. 30, 2021
Business Combinations [Abstract] |
Summary of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed | The following table summarizes preliminary allocation of the purchase price to assets acquired and liabilities assumed is as follows:
In thousands |  |  |  |  | Preliminary Allocation |
Assets |  |  |  |  |  |  |
Accounts receivable |  |  |  |  | $ | 11,576 |
Inventory |  |  |  |  |  | 7,031 |
Prepaid and other current assets |  |  |  |  |  | 11 |
Plant, equipment and timberlands |  |  |  |  |  | 100,498 |
Intangible assets |  |  |  |  |  | 20,000 |
Goodwill |  |  |  |  |  | 36,045 |
Other assets |  |  |  |  |  | 8,041 |
Total assets |  |  |  |  |  | 183,202 |
Liabilities |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  | 2,587 |
Other current liabilities |  |  |  |  |  | 2,017 |
Other long-term liabilities |  |  |  |  |  | 7,865 |
Total liabilities |  |  |  |  |  | 12,469 |
Total purchase price |  |  |  |  | $ | 170,733 |
Summary of Unaudited Pro Forma Financial Information | The following table summarizes unaudited pro forma financial information as if the acquisition occurred as of January 1, 2020:
(unaudited) |  | Three months ended June 30 |  |  |  | Six months ended June 30 |  |
In thousands, except per share |  |  | 2021 |  |  |  |  | 2020 |  |  |  |  | 2021 |  |  |  |  | 2020 |  |
Pro forma |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 254,452 |  |  |  | $ | 241,641 |  |  |  | $ | 501,083 |  |  |  | $ | 498,352 |  |
Income (loss) from continuing operations |  |  | (919 | ) |  |  |  | (766 | ) |  |  |  | 7,824 |  |  |  |  | 8,286 |  |
Income (loss) per share from continuing operations |  |  | (0.02 | ) |  |  |  | (0.02 | ) |  |  |  | 0.17 |  |  |  |  | 0.19 |  |

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