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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Fair Values of Identifiable Assets Acquired and Liabilities Assumed at Date of Acquisition
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 6)
 
130,991

Other intangible assets (Note 6)
 
106,900

Other assets
 
308

   Total assets acquired, net of cash acquired
 
$
323,978

 
 
 
Current liabilities
 
(11,319
)
Deferred tax liabilities (Note 14)
 
(24,904
)
Benefit plan liabilities (Note 10)
 
(18,352
)
Other long-term liabilities
 
(1,031
)
   Total liabilities assumed
 
(55,606
)
   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 year ended December 31, 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.

 
 
For The Years Ended
December 31,
 
 
(Unaudited Pro Forma)
 
(Unaudited
Pro Forma)
In thousands
 
2018
 
2017
Net Sales
 
$
888,355

 
$
840,040

Net Income
 
$
34,896

 
$
36,619

 
 
 
 
 
Earnings per share:
 
 
 
 
  Basic
 
$
2.03

 
$
2.15

  Diluted
 
$
2.01

 
$
2.11