Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Reconciliation of basic earnings per share ("EPS") to diluted EPS

The following is a reconciliation of basic earnings per common share to diluted earnings per share for the three months ended March 31,2018 and 2017, respectively:

	Three Months Ended   March 31,
(in thousands, except per share amounts)	2018		2017
Net income available to common stockholders	$	25,429	$	23,121
Basic weighted-average shares outstanding	46,615		47,616
Dilutive effect of potential common stock equivalents — stock options and restricted stock units	394		290
Diluted weighted-average shares outstanding	47,009		47,906
Earnings per common share:
Basic	$	0.55	$	0.49
Diluted	$	0.54	$	0.48

Stock option and restricted stock unit activity of the entity

Summary of financial instruments

As of March 31,2018 and 2017 and December 31, 2017, the Company’s investments consisted of only money market funds, which are the Company’s primary financial instruments, maintained in cash equivalents and carried at cost, approximating fair value, based on Level 1 inputs. The balances of the Company's primary financial instruments at the dates indicated were as follows:

	At March 31,				At December 31,
(in thousands)	2018		2017		2017
Money market funds	$	5,437	$	3,545	$	5,293

Schedule of effective tax rates and income tax expense

Schedule of business acquisitions

The following table represents the final allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed in the Gbo Fastening Systems acquisition:

(In thousands)
Assets *
	Cash and cash equivalents	$	3,956
	Accounts receivable	4,914
	Inventory	13,591
	Other current assets	760
	Property, plant, equipment and noncurrent assets	3,929
		27,150
Liabilities
	Accounts payable	4,500
	Other current liabilities	6,146
		10,646
Total net assets		16,504
	Gain (adjustment) on bargain purchase of a business	(6,336		)
	Total purchase price	$	10,168
*	Intangible assets acquired were determined to have little to no value, thus were not recognized.