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Acquisitions (Tables)
 12 Months Ended
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 thousandsJacob Holm
Assets 
Cash and cash equivalents$11,426 
Accounts receivable30,271 
Inventory45,340
Prepaid and other current assets6,727
Plant, equipment and timberlands158,612
Intangible assets70,240
Goodwill48,355
Other assets26,929
Total assets397,900
Liabilities
Short-term debt14,081
Accounts payable25,264
Other current liabilities21,263
Other long-term liabilities33,340
Total liabilities93,948
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:
 20212020
In thousands, except per share(unaudited)
Net sales$1,400,901 $1,421,578 
Income from continuing operations14,677 23,055