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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Summary of Business Acquisitions, by Acquisition | The following table sets forth information related to the consideration exchanged for the Jacob Holm acquisition.
In thousands |  |
Total consideration |  | $ | 303,952 |
Less: Debt repaid |  | (148,000) |
Cash consideration |  | $ | 155,952 |
Summary of Preliminary 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 |  | Jacob Holm
Assets |  |
Cash and cash equivalents |  | $ | 11,426 |
Accounts receivable |  | 30,271 |
Inventory |  | 45,340
Prepaid and other current assets |  | 6,727
Plant, equipment and timberlands |  | 158,612
Intangible assets |  | 70,240
Goodwill |  | 48,355
Other assets |  | 26,929
Total assets |  | 397,900
Liabilities |  |
Short-term debt |  | 14,081
Accounts payable |  | 25,264
Other current liabilities |  | 21,263
Other long-term liabilities |  | 33,340
Total liabilities |  | 93,948
Total purchase price |  | $ | 303,952 |
Summary of Annual Unaudited Pro Forma Financial Information | The following table summarizes annual unaudited pro forma financial information as if the acquisition occurred as of January 1, 2020:
| 2021 |  | 2020 |
In thousands, except per share | (unaudited) |
Net sales | $ | 1,400,901 |  |  | $ | 1,421,578 |  |
Income from continuing operations | 14,677 |  |  | 23,055 |  |

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