Acquisition of Florida Chemical Company, Inc. (Tables)

12 Months Ended

Dec. 31, 2013

Business Acquisition [Line Items]

Schedule of purchase price allocation to acquired net assets

The allocation of the purchase consideration was based upon the estimated fair value of the tangible and identifiable intangible assets acquired and liabilities assumed in the acquisition. The allocation was made to major categories of assets and liabilities based on management's best estimates, supported by independent third-party analyses. The excess of the purchase price over the estimated fair value of tangible and identifiable intangible assets acquired, and liabilities assumed was allocated to goodwill. The allocation of purchase consideration is as follows (in thousands):

Cash	$	331
Net working capital, net of cash	15,574
Property and equipment:
Personal property	13,400
Real property	6,750
Other assets	205
Other intangible assets:
Customer relationships	29,270
Trade names	12,670
Proprietary technology	14,080
Goodwill	39,328
Deferred tax impact of valuation adjustment	(25,170		)
Total purchase price allocation	$	106,438

Schedule of pro forma operating results

Pro forma financial information is as follows (in thousands, except per share data):

	Year ended December 31,
	2013		2012
Revenue	$	395,407	$	391,786
Net income	38,271		53,902
Earnings per common share:
Basic	$	0.73	$	1.05
Diluted	$	0.70	$	0.98

Florida Chemical Company, Inc [Member]

Business Acquisition [Line Items]

Acquisition purchase price

The Company acquired 100% of the outstanding shares of Florida Chemical's common stock. The purchase consideration transferred is as follows (in thousands):

Cash	$	49,500
Common stock (3,284,180 shares)	52,711
Repayment of debt	4,227
Total purchase price	$	106,438