Acquisitions (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following is a preliminary estimate of the assets acquired and the liabilities assumed by the Company at the date of the acquisition:



In thousands
Accounts receivable	$	25,182
Inventories	17,313
Prepaid expenses and other current assets	2,382
Property, plant and equipment	40,902
Goodwill (Note 5)	130,462
Other intangible assets (Note 5)	107,800
Other assets	308
Total assets acquired, net of cash acquired	$	324,349

Current liabilities	$	(11,319	)
Deferred tax liabilities	(25,275		)
Benefit plan liabilities	(18,352		)
Other long-term liabilities	(1,031		)
Total liabilities assumed	(55,977		)
Total purchase price, net of cash acquired	$	268,372

Schedule of Unaudited Pro Forma Operating Results

The following table reflects the unaudited pro forma operating results of the Company for the quarter and nine months ended September 30, 2018 and 2017, which gives effect to the acquisition of Interface as if it had occurred on January 1, 2017. The pro forma information includes the historical financial results of the Company and Interface. The pro forma results are not necessarily indicative of the operating results that would have occurred had the acquisition been effective January 1, 2017, nor are they intended to be indicative of results that may occur in the future. The pro forma information does not include the effects of any synergies related to the acquisition.



	(Unaudited Pro Forma)				(Unaudited Pro Forma)
	Quarter Ended September 30,				Nine Months Ended September 30,
In thousands	2018		2017		2018		2017
Net sales	$	220,937	$	214,503	$	678,418	$	627,197
Net income	$	6,147	$	8,474	$	28,461	$	26,061

Earnings per share:
Basic	$	0.36	$	0.50	$	1.66	$	1.53
Diluted	$	0.35	$	0.49	$	1.64	$	1.51

Basic	17,216		17,055		17,189		17,028
Diluted	17,349		17,267		17,339		17,270