v2.4.0.8

Acquisitions (Tables) | 6 Months Ended
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Jun. 28, 2014
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The components of the purchase price are as follows:
In thousands | Consideration
Cash consideration paid to selling stockholders | $ | 187,885 |
Cash consideration deposited into escrow | 8,242 |
Deferred consideration | 47,931 |
Debt repaid | 180,532 |
Total consideration | $ | 424,590 |
Schedule of Acquistion Related Costs | Acquisition related costs were as follows:
In thousands | Amount
Loan acquisition costs | $ | 16,102 |
Transaction expenses | 16,133 |
Total | $ | 32,235 |
Acquisition related costs were as follows:
In thousands | Amount
Loan acquisition costs | $ | 21,312 |
Transaction expenses | 14,880 |
Total | $ | 36,192 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The initial allocation of the purchase price and related measurement period adjustments are as follows:
In thousands | (Preliminary) November 15, 2013 | Measurement Period Adjustments | (Adjusted) November 15, 2013
Cash | $ | 8,792 |  | $ | — |  | $ | 8,792 |
Accounts receivable | 49,967 |  | — |  | 49,967 |
Inventory | 71,050 |  | 31 |  | 71,081 |
Other current assets | 29,889 |  | — |  | 29,889 |
Total current assets | 159,698 |  | 31 |  | 159,729 |
Property, plant and equipment | 158,000 |  | 29,529 |  | 187,529 |
Goodwill | 38,514 |  | (12,320 | ) | 26,194 |
Intangible assets | 85,000 |  | 996 |  | 85,996 |
Other noncurrent assets | 1,403 |  | — |  | 1,403 |
Total assets acquired | $ | 442,615 |  | $ | 18,236 |  | $ | 460,851 |
Current liabilities | $ | 84,185 |  | $ | — |  | $ | 84,185 |
Financing Obligation | 20,300 |  | — |  | 20,300 |
Long-term debt | 19,391 |  | — |  | 19,391 |
Deferred income taxes | 20,649 |  | 18,236 |  | 38,885 |
Other noncurrent liabilities | 9,479 |  | — |  | 9,479 |
Noncontrolling interest | 849 |  | — |  | 849 |
Total liabilities assumed | $ | 154,853 |  | $ | 18,236 |  | $ | 173,089 |
Net assets acquired | $ | 287,762 |  | $ | — |  | $ | 287,762 |
The preliminary allocation of the purchase price was as follows:
In thousands | June 11, 2014
Cash | $ | 20,621 |
Accounts receivable | 56,976 |
Inventory | 33,000 |
Other current assets | 27,748 |
Total current assets | 138,345 |
Property, plant and equipment | 400,000 |
Goodwill | 106,335 |
Intangible assets | 4,770 |
Other noncurrent assets | 12,288 |
Total assets acquired | $ | 661,738 |
Current liabilities | $ | 28,863 |
Long-term debt | 74,930 |
Deferred income taxes | 38,373 |
Other noncurrent liabilities | 1,992 |
Noncontrolling interest | 92,990 |
Total liabilities assumed | $ | 237,148 |
Net assets acquired | $ | 424,590 |
Business Acquisition, Pro Forma Information | he following unaudited pro forma information for the three and six months ended June 29, 2013 assumes the acquisition of both Fiberweb and Providência occurred as of the beginning of the period presented:
In thousands | Three Months Ended June 28, 2014 | Six Months Ended June 28, 2014 | Three Months Ended June 29, 2013 | Six Months Ended June 29, 2013
Net sales | $ | 493,668 |  | $ | 1,005,773 |  | $ | 495,464 |  | $ | 980,327 |
Net income (loss) | (31,097 | ) | (49,066 | ) | (7,405 | ) | (15,420 | )
Schedule of Acquired Finite-Lived Intangible Assets | The Company recorded intangible assets based on an estimate of fair value, and consisted of the following:
In thousands | Useful Life |  | Amount
Technology | 15 years |  | $ | 31,827 |
Trade names | Indefinite |  | 11,412 |
Customer relationships | 20 years |  | 42,757 |
Total |  |  | $ | 85,996 |

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