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Acquisition (Tables)
 6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the fair values of identifiable assets acquired and liabilities assumed at the date of the acquisition:
In thousands
 

Cash
$
7,493

Accounts Receivable
26,779

Inventory
25,046

Other current assets
2,894

Property, plant and equipment
38,780

Deferred Taxes
2,501

Intangible assets (Note 4)
5,596

Goodwill (Note 4)
3,693

Total assets acquired
112,782

 
 
Other liabilities
(18,002
)
Deferred taxes
(8,130
)
Total liabilities assumed
(26,132
)
Net assets acquired
$
86,650
Business Acquisition, Pro Forma Information
The pro forma information does not include the effects of any synergies related to the acquisition.
 
(Unaudited Pro Forma)
(Unaudited Pro Forma)
 
Quarter Ended June 30,
Six Months Ended June 30,
In thousands
2014
 
2013
2014
 
2013
Net Sales
$
148,793

 
$
134,139

$
291,535

 
$
263,855

Net Income
$
8,679

 
$
7,523

$
16,155

 
$
10,124

 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
Basic
$
0.52

 
$
0.45

$
0.97

 
$
0.61

Diluted
$
0.51

 
$
0.45

$
0.95

 
$
0.60