v2.4.0.8

Acquisitions (Tables) | 9 Months Ended
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Sep. 27, 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 | $ | 16,094 |
Transaction expenses | 15,764 |
Total | $ | 31,858 |
Acquisition related costs were as follows:
In thousands | Amount
Loan acquisition costs | $ | 21,297 |
Transaction expenses | 15,766 |
Total | $ | 37,063 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary 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 |  | (4,815 | ) | 33,699 |
Intangible assets | 85,000 |  | 996 |  | 85,996 |
Other noncurrent assets | 1,403 |  | — |  | 1,403 |
Total assets acquired | $ | 442,615 |  | $ | 25,741 |  | $ | 468,356 |
Current liabilities | $ | 84,185 |  | $ | 70 |  | $ | 84,255 |
Financing Obligation | 20,300 |  | — |  | 20,300 |
Total debt | 19,391 |  | — |  | 19,391 |
Deferred income taxes | 20,649 |  | 25,325 |  | 45,974 |
Other noncurrent liabilities | 9,479 |  | 346 |  | 9,825 |
Noncontrolling interest | 849 |  | — |  | 849 |
Total liabilities assumed | $ | 154,853 |  | $ | 25,741 |  | $ | 180,594 |
Net assets acquired | $ | 287,762 |  | $ | — |  | $ | 287,762 |
The initial allocation of the purchase price and related measurement period adjustments are as follows:
In thousands | Preliminary June 11, 2014 | Measurement Period Adjustments | Adjusted June 11, 2014
Cash | $ | 20,621 |  | $ | — |  | $ | 20,621 |
Accounts receivable | 56,976 |  | (4,047 | ) | 52,929 |
Inventory | 33,000 |  | 1,451 |  | 34,451 |
Other current assets | 27,748 |  | 4,100 |  | 31,848 |
Total current assets | 138,345 |  | 1,504 |  | 139,849 |
Property, plant and equipment | 400,000 |  | — |  | 400,000 |
Goodwill | 106,335 |  | 1,162 |  | 107,497 |
Intangible assets | 4,770 |  | (270 | ) | 4,500 |
Other noncurrent assets | 12,288 |  | — |  | 12,288 |
Total assets acquired | $ | 661,738 |  | $ | 2,396 |  | $ | 664,134 |
Current liabilities | $ | 28,863 |  | $ | 2,742 |  | $ | 31,605 |
Total debt | 74,930 |  | — |  | 74,930 |
Deferred income taxes | 38,373 |  | (346 | ) | 38,027 |
Other noncurrent liabilities | 1,992 |  | — |  | 1,992 |
Noncontrolling interest | 92,990 |  | — |  | 92,990 |
Total liabilities assumed | $ | 237,148 |  | $ | 2,396 |  | $ | 239,544 |
Net assets acquired | $ | 424,590 |  | $ | — |  | $ | 424,590 |
Business Acquisition, Pro Forma Information | he following unaudited pro forma information assumes the acquisition of both Fiberweb and Providência occurred as of the beginning of the earliest period presented:
In thousands | Three Months Ended September 27, 2014 | Nine Months Ended September 27, 2014 | Three Months Ended September 28, 2013 | Nine Months Ended September 28, 2013
Net sales | $ | 498,013 |  | $ | 1,505,053 |  | $ | 495,215 |  | $ | 1,475,186 |
Net income (loss) | (55,228 | ) | (121,007 | ) | (44,199 | ) | (57,341 | )
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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