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SUBSEQUENT EVENTS (Tables)
6 Months Ended
Jun. 30, 2012
Subsequent Event [Line Items]  
Estimated fair values of assets acquired and liabilities assumed
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed during 2011 and 2012 in connection with the acquisitions described above and two small acquisitions completed in the second quarter of 2012 (in thousands):

Cash
$       696
Accounts Receivable, net
25,498
Inventory, net
15,856
Property and equipment
4,485
Goodwill and intangibles
68,793
Other assets
456
Assets acquired
115,784
Current liabilities assumed
(9,594)
Non-current liabilities assumed
(5,142)
  Net assets acquired
$101,048
Pro forma unaudited results of operations
The pro forma unaudited results of operations for the Company on a consolidated basis for the three months and six months ended June 30, 2011 and 2012, assuming the acquisition of businesses completed in 2011 and 2012 were consummated as of January 1, 2011 follows (unaudited, in thousands, except per share data):

 
Three Months Ended
June 30
Six Months Ended
June 30
 
2012
2011
2012
2011
Net sales
$ 264,177
$ 237,251
$ 527,290
$ 457,836
Net income
12,139
9,575
24,317
17,515
Per share data
       
Basic earnings
$0.84
$0.67
$1.69
$1.22
Diluted earnings
$0.80
$0.63
$1.60
$1.15
Subsequent Event [Member]
 
Subsequent Event [Line Items]  
Estimated fair values of assets acquired and liabilities assumed
The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed in the acquisition of HSE (in millions):

Cash
$   11
Accounts Receivable, net
24
Inventory, net
-
Property and equipment
33
Goodwill and intangibles
47
Other assets
2
Assets acquired
117
Current liabilities assumed
(14)
Non-current liabilities assumed
(18)
    Net assets acquired
$    85
Pro forma unaudited results of operations
The preliminary estimated pro forma unaudited results of operations for the Company on a consolidated basis for the three months and six months ended June 30, 2011 and 2012, assuming the acquisition of HSE was consummated as of January 1, 2011 follows (unaudited, in thousands, except per share data):

 
Three Months Ended
June 30
Six Months Ended
June 30
 
2012
2011
2012
2011
Net sales
$290,481
$223,399
$570,872
$431,296
Net income
12,696
7,654
25,588
13,493
Per share data
       
Basic earnings
$0.88
$0.53
$1.78
$0.94
Diluted earnings
$0.83
$0.50
$1.68
$0.89