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Acquisition (Tables) | 9 Months Ended
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Sep. 30, 2021
Business Combination and Asset Acquisition [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 | 36,231 |
Other assets | 8,041 |
Total assets | 183,388 |
Liabilities |
Accounts payable | 2,587 |
Other current liabilities | 2,017 |
Other long-term liabilities | 7,865 |
Total liabilities | 12,469 |
Total purchase price | $ | 170,919 |
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 September 30 |  | Nine months ended September 30
In thousands, except per share |  |  | 2020 |  | 2021 |  | 2020
Pro forma |  |  |  |  |  |  |
Net sales |  |  | $ | 260,722 |  |  | $ | 750,236 |  |  | $ | 759,074 |
Income from continuing operations |  |  | 7,279 |  |  | 15,339 |  |  | 15,565 |
Income per share from continuing operations |  |  | 0.16 |  |  | 0.34 |  |  | 0.35 |

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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 transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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