Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

The following table illustrates cash paid for acquisitions:



	For the year ended December 31,
	2016		2015		2014
In thousands
Cash paid for acquisitions completed during the year	$	—	$	196,395	$	70,948
Cash paid for holdback payments during the year	1,014		3,404		3,060
Earn-out and other payments during the year	5,617		1,453		3,610
Total cash paid for acquisitions	$	6,631	$	201,252	$	77,618

Business Acquisition [Line Items]

Schedule of 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

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

The following amounts represent the fair value of the assets acquired and liabilities assumed from the 2015 acquisitions, including adjustments made for the GRW acquisition during the one-year measurement period from the date of acquisition.



In thousands
Cash	$	6,345
Accounts receivable	10,786
Inventories	24,319
Property, plant and equipment	24,790
Other tangible assets	7,305
Goodwill	99,606
Other intangible assets	61,323
Liabilities	(30,980		)
Net assets acquired	$	203,494
Less cash received	(6,345		)
Net consideration	$	197,149