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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2011
Initial Allocated Fair Value of Assets Acquired and Liabilities Assumed
The allocated fair value of assets acquired and liabilities assumed are summarized as follows (in thousands):

       
       
Trade accounts receivable
  $ 81,626  
Inventories
    93,050  
Property, plant and equipment
    212,465  
Other intangible assets
    22,732  
Other assets
    3,374  
Trade accounts payable and accrued liabilities
    (56,516 )
Debt
    (80,601 )
Other liabilities
    (87,367 )
Total identifiable net assets
    188,763  
Goodwill
    54,925  
Cash paid at closing, net of cash acquired
  $ 243,688
Unaudited Pro Forma Financial Information
Unaudited pro forma financial information:

     
Three Months Ended
   
Six Months Ended
 
     
June 30,
   
June 30,
   
June 30,
   
June 30,
 
     
2011
   
2010
   
2011
   
2010
 
     
(Dollars in thousands, except per share data)
 
                           
 
Net sales
  $ 822,224     $ 761,859     $ 1,570,831     $ 1,494,239  
 
Net income
  $ 53,589     $ 39,507     $ 81,625     $ 63,571  
                                   
 
Earnings per share:
                               
 
Basic net income per share
  $ 0.76     $ 0.52     $ 1.17     $ 0.83  
 
Diluted net income per share
  $ 0.76     $ 0.51     $ 1.16     $ 0.82