Acquisitions

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Acquisitions

Acquisitions

During 2013, the Company completed the acquisition of the Männer Business, a German company based in Bahlingen, Germany. The following table reflects the unaudited pro forma operating results of the Company for the three- and six- months ended June 30, 2013, which gives effect to the acquisition of the Männer Business as if it had occurred on January 1, 2012. The pro forma results are based on assumptions that the Company believes are reasonable under the circumstances. The pro forma results are not necessarily indicative of the operating results that would have occurred had the acquisition been effective January 1, 2012, nor are they intended to be indicative of results that may occur in the future. The underlying pro forma information includes the historical financial results of the Company and the Männer Business adjusted for certain items including depreciation and amortization expense associated with the assets acquired and the Company’s expense related to financing arrangements, with the related tax effects. The pro forma information does not include the effects of any synergies or cost reduction initiatives related to the acquisition.

	(Unaudited Pro Forma) Three months ended June 30, 2013		(Unaudited Pro Forma) Six months ended June 30, 2013
Net sales	$	304,501	$	591,335
Income from continuing operations	14,269		32,198
Net income	214,401		230,369
Per common share:
Basic:
Income from continuing operations	$	0.26	$	0.58
Net income	$	3.91	$	4.17
Diluted:
Income from continuing operations	$	0.26	$	0.57
Net income	$	3.84	$	4.10