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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase consideration, related final allocations, and resulting excess over fair value of net assets acquired are as follows:

 

Assets acquired:

 

 

 

Current assets

$

34,572

 

Property, plant and equipment

 

44,613

 

Intangible assets

 

66,500

 

Assets acquired

$

145,685

 

 

 

 

 

Liabilities assumed:

 

 

 

Current liabilities

$

8,577

 

Total liabilities assumed

 

8,577

 

 

 

 

 

Goodwill

 

19,512

 

Total consideration

$

156,620

 

 

Schedule of Identifiable Intangible Assets Acquired

Identifiable intangible assets acquired in connection with the acquisition of Scepter are as follows:

 

 

 

 

 

 

 

Estimated

 

 

 

 

Fair Value

 

 

Useful Life

 

Valuation Method

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

Trademarks and trade names

 

$

8,900

 

 

Indefinite

 

Relief from royalty

 

 

 

 

 

 

 

 

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

Technology

 

 

22,300

 

 

10 years

 

Relief from royalty

Customer relationships

 

 

35,300

 

 

6 years

 

Multi-period excess earnings

 

 

 

57,600

 

 

 

 

 

Total

 

$

66,500

 

 

 

 

 

 

Schedule of Pro forma Information

The following unaudited pro forma information presents a summary of the consolidated results of operations for the Company as if the acquisition of Scepter had occurred on January 1, 2013.

 

 

 

For the Year Ended

 

 

 

December 31, 2014

 

 

December 31, 2013

 

Net sales

 

$

675,046

 

 

$

679,567

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

16,206

 

 

$

30,271

 

 

 

 

 

 

 

 

 

 

Net income per share from continuing operations:

 

 

 

 

 

 

 

 

Basic

 

$

0.50

 

 

$

0.89

 

Diluted

 

$

0.50

 

 

$

0.89