Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Acquisition purchase price

The Company acquired 100% of the outstanding shares of Florida Chemical’s common stock. The purchase consideration transferred was 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

Schedule of purchase price allocation to acquired net assets

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
Revenue	$	395,407
Net income	38,271
Earnings per common share:
Basic	$	0.73
Diluted	$	0.70