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Acquisitions Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information
The following unaudited pro forma information combines historical results as if Racine Federated had been owned by the Company for the twelve month periods presented.

2012

2011

 
(In thousands except per share amounts)
Net sales
$
323,516

$
305,562

Net earnings
$
28,177

$
21,261

Diluted earnings per share     
$
1.96

$
1.41

Schedule of Purchase Price Allocation
The following table summarizes the fair value of the assets acquired and the liabilities assumed as of the acquisition date:

January 31, 2012
 
(In thousands)
Assets acquired:
 
Cash
$
1,529

Receivables
5,230

Inventories
7,603

Prepaid expenses and other current assets    
164

Current deferred income taxes
247

Property, plant and equipment
3,772

Intangible assets
29,100

Goodwill
26,565

Total assets acquired
$
74,210

 
 
Liabilities assumed:
 
Payables
$
2,920

Accrued compensation and employee benefits
1,785

Long-term deferred income taxes
11,457

Other long-term liabilities
451

Total liabilities assumed
$
16,613