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Acquisition (Tables)
12 Months Ended
Dec. 31, 2012
Acquisition-Date Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the acquisition-date fair value of the assets acquired and the liabilities assumed in connection with the North Jackson Facility acquisition (dollars in thousands):

 

     August 18,
2011
     

Property, plant and equipment

     $     94,102     

Non-compete agreement

     1,330     

Goodwill

     20,268     

Accounts payable

     (4,264  

Accrued expenses and other current liabilities

     (138  
  

 

 

   

Net assets acquired

     $     111,298     
  

 

 

   
Changes in Carrying Value of Goodwill

The following is a summary of the changes in the carrying value of goodwill, from January 1, 2012 through December 31, 2012 (dollars in thousands):

 

     2012      

Goodwill at beginning of period

     $     20,479     

Change in goodwill

     (211  
  

 

 

   

Goodwill at end of period

     $     20,268     
  

 

 

   
Pro Forma Results of Operations for Material Acquisition(s)

The pro forma results are not indicative of how the results will appear in the future:

 

For the years ended December 31,    2011      2010  

 

 
(dollars in thousands, except per share amounts)(unaudited)              

Net sales

     $     252,896         $     189,423   

Net income

     $ 17,720         $ 10,397   

Net income per common share - Basic

     $ 2.60         $ 1.53   

Net income per common share - Diluted

     $ 2.54         $ 1.51   

Weighted-average shares of Common Stock outstanding:

     

Basic

     6,826,490         6,782,576   

Diluted

     6,979,887         6,868,255