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BUSINESS ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2012
BUSINESS ACQUISITIONS [Abstract]  
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 2012 and 2011 in connection with the acquisitions described above and two additional insignificant acquisitions that were completed during the second quarter of 2012 (in thousands):

Cash
 
$
11,976
 
Accounts Receivable, net
 
 
49,448
 
Inventory
 
 
16,033
 
Property and equipment
 
 
29,139
 
Goodwill and intangibles
 
 
114,814
 
Other assets
 
 
2,839
 
Assets acquired
 
 
224,249
 
Current liabilities assumed
 
 
(34,374
)
Non-current liabilities assumed
 
 
(13,753
)
 Net assets acquired
 
$
176,122
 
Pro Forma Unaudited Results of Operations
The pro forma unaudited results of operations for the Company on a consolidated basis for the three and nine months ended September 30, 2012 and 2011, assuming the acquisition of businesses completed in 2012 and 2011 were consummated as of January 1, 2011 are as follows (in thousands, except per share data):
 
 
 
 
Three Months Ended
September 30,
 
 
 
Nine Months Ended
September 30,
 
 
 
 
2012
 
 
 
2011
 
 
 
2012
 
 
 
2011
 
Net sales
 
$
293,110
 
 
$
273,167
 
 
$
877,091
 
 
$
781,537
 
Net income
 
$
13,137
 
 
$
11,696
 
 
$
39,233
 
 
$
28,751
 
Per share data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings
 
$
0.91
 
 
$
0.81
 
 
$
2.72
 
 
$
2.00
 
Diluted earnings
 
$
0.86
 
 
$
0.77
 
 
$
2.58
 
 
$
1.89