Acquisitions and Divestiture (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations and Divestitures [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
Accounts receivable	$	25,182
Inventories	17,013
Prepaid expenses and other current assets	2,382
Property, plant and equipment	40,902
Goodwill (Note 5)	129,749
Other intangible assets (Note 5)	106,900
Other assets	308
Total assets acquired, net of cash acquired	$	322,436
Current liabilities	$	(11,319	)
Deferred tax liabilities	(24,081		)
Benefit plan liabilities (Note 12)	(19,002		)
Other long-term liabilities	(1,031		)
Total liabilities assumed	(55,433		)
Total purchase price, net of cash acquired	$	267,003

Schedule of Unaudited Pro Forma Operating Results

The following table reflects the unaudited actual results of the Company for the quarter and nine months ended September 30, 2019 and the pro forma operating results of the Company for the quarter and nine months ended September 30, 2018, 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.

	Quarter Ended   September 30,				Nine Months Ended   September 30,
	(Actual)		(Pro Forma)		(Actual)			(Pro Forma)
In thousands	2019		2018		2019			2018
Net sales	$	205,274	$	220,937	$	644,110		$	678,418
Net income (loss)	$	3,004	$	6,452	$	(52	)	$	29,303
Earnings per share:
Basic	$	0.17	$	0.37	$	—		$	1.70
Diluted	$	0.17	$	0.37	$	—		$	1.69
Basic	17,270		17,216		17,264			17,189
Diluted	17,330		17,349		17,264			17,339