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Acquisition (Tables)
12 Months Ended
Dec. 31, 2013
Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

 

 

 

 

 

 

 

 

 

 

As of

 

 

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 the Carrying Value of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

Goodwill at beginning of period

 

$

20,268 

 

$

20,479 

Change in goodwill

 

 

 -

 

 

(211)

 

 

 

 

 

 

 

    Goodwill at end of period

 

$

20,268 

 

$

20,268 

 

Business Acquisition, Pro Forma Information

 

 

 

 

 

 

 

 

For the year ended December 31,

 

2011

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

 

 

 

Net sales

 

$

252,896 

Net income

 

$

17,720 

 

 

 

 

Net income per common share - Basic

 

$

2.60 

Net income per common share - Diluted

 

$

2.54 

 

 

 

 

Weighted-average shares of common stock outstanding:

 

 

 

Basic

 

 

6,826,490 

Diluted

 

 

6,979,887