BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 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 (in thousands):

Cash	$   12,377
Accounts Receivable, net	50,645
Inventory	17,805
Property and equipment	36,303
Goodwill and intangibles	108,842
Other assets	2,839
Assets acquired	228,811
Current liabilities assumed	(32,166)
Non-current liabilities assumed	(15,296)
Net assets acquired	$ 181,349

Pro forma unaudited results of operations

The pro forma unaudited results of operations for the Company on a consolidated basis for the twelve months ended December 31, 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):

	Years Ended December 31,
	2012	2011
Net sales	$ 1,177,091	$ 1,062,540
Net income	$    54,033	$   41,359
Per share data
Basic earnings	$      3.75	$     2.88
Diluted earnings	$      3.55	$     2.72

The pro forma unaudited results of operations for the Company on a consolidated basis for the years ended December 31, 2010 and 2011, assuming the acquisitions of businesses completed in 2011 were consummated as of January 1, 2010 follows (in thousands, except per share data):

	Years Ended December 31,
	2011	2010
Net sales	$ 903,240	$ 778,267
Net income	$  35,511	$  22,898
Per share data
Basic earnings	$  2.48	$  1.65
Diluted earnings	$  2.35	$  1.56