Acquisitions (Tables)

9 Months Ended

Sep. 30, 2012

Business Combinations [Abstract]

Summary of estimate of fair value of assets and liabilities on acquisition date

The following table summarizes the preliminary estimates of fair value of the assets acquired and the liabilities assumed as of the acquisition date:

(In thousands)	January 31, 2012
Assets Acquired:
Cash	$	1,529
Receivables	5,002
Inventories	7,602
Prepaid expenses and other current assets	172
Current deferred income taxes	466
Property, plant and equipment	3,774
Intangible assets	29,500
Goodwill	26,305
Total assets acquired	$	74,350
Liabilities Assumed:
Payables	$	3,430
Accrued compensation and employee benefits	569
Income taxes	31
Long-term deferred income taxes	12,273
Other long-term liabilities	451
Total liabilities assumed	$	16,754

Summary of unaudited pro forma information

The following preliminary, unaudited pro forma information combines historical results as if Racine Federated had been owned by the Company for the periods presented.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands except per share amounts)	2012		2011		2012		2011
Net sales	$	87,130	$	80,617	$	249,193	$	234,574
Net earnings	$	8,857	$	7,281	$	22,987	$	19,765
Diluted earnings per share	$	0.62	$	0.48	$	1.59	$	1.31