Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

The following table illustrates cash paid for acquisitions:



	For the year ended December 31,
	2015		2014		2013
In thousands
Cash paid for acquisitions completed during the year	$	196,395	$	70,948	$	17,284
Cash paid for holdback payments during the year	3,404		3,060		828
Earn-out and other payments during the year	1,453		3,610		50
Total cash paid for acquisitions	$	201,252	$	77,618	$	18,162

Business Acquisition, Pro Forma Information

The following table reflects the unaudited pro forma operating results of the Company for the years ended December 31, 2015 and 2014, which give effect to the acquisitions of GRW, EXTEX, GCF, and Calkins as if the companies had been acquired on January 1, 2014. The pro forma results are based on assumptions that the Company believes are reasonable under the circumstances. The pro forma results are not necessarily indicative of the operating results that would have occurred had the acquisitions been effective January 1, 2015 or 2014, nor are they intended to be indicative of results that may occur in the future. The underlying pro forma information includes the historical financial results of the Company and the four acquired businesses adjusted for certain items including depreciation and amortization expenses associated with the assets acquired and the Company’s expenses related to financing arrangements, with the related tax effects. The pro forma information does not include the effects of any synergies, cost reduction initiatives or anticipated integration costs related to the acquisitions.



	For the year ended December 31,
	2015		2014
In thousands
Net sales	$	1,844,535	$	1,895,990
Earnings from continuing operations	$	69,450	$	59,223
Net earnings	$	69,450	$	51,315

2015 Acquisitions [Member]

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

The assets acquired and liabilities assumed were recorded based on their fair values at the date of acquisition as follows (in thousands):



Cash	$	6,345
Accounts receivable	10,786
Inventories	24,319
Property, plant and equipment	24,790
Other tangible assets	1,192
Goodwill	108,659
Other intangible assets	61,323
Liabilities	(33,920		)
Net assets acquired	203,494
Less cash received	(6,345		)
Net consideration	$	197,149

2014 Acquisitions [Member]

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

The assets acquired and liabilities assumed were recorded based on their fair values at the date of acquisition as follows (in thousands):



Cash	$	11
Accounts receivable, net	13,332
Inventories	9,614
Property, plant and equipment	850
Other tangible assets	784
Goodwill	37,804
Other intangible assets	16,870
Liabilities	(7,367		)
Total of net assets acquired	71,898
Less cash received	(11		)
Net consideration	$	71,887