Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table sets forth the purchase price allocation, which was based on fair value of assets acquired and liabilities assumed at the acquisition date, November 10, 2016:

	Valuation at November 10, 2016
	(In thousands)
Cash	$	1,829
Trade receivables	9,794
Inventories	29,896
Prepaid and other current assets	3,572
Deferred income taxes	205
Property, plant and equipment	38,058
Intangible assets (1)	29,808
Total assets acquired	113,162
Accounts payable	10,325
Customer prepayments	2,757
Other accrued liabilities	2,644
Deferred tax liabilities, non-current	2,261
Total liabilities assumed	17,987
Net identifiable assets acquired	95,175
Goodwill	33,522
Net assets acquired	$	128,697

^{(1) Includes $3.0 million of patents with a weighted average useful life of 10 years, $8.4 million of tradenames with an indefinite life and $18.1 million of customer relationships with a weighted average useful life of 15 years. See Note 9, Intangible Assets, for further information regarding intangible assets.} 

Schedule of Pro Forma Information

The following table reflects the unaudited pro forma consolidated results of operations for the periods presented, as though the acquisition of TIW had occurred on January 1, 2015:

	Year Ended December 31,
	2016		2015
	(In thousands, except per share data)
	(Unaudited)
Revenues	$	595,797	$	943,714
Net income	$	84,756	$	193,310
Basic earnings per share	$	2.26	$	5.04
Diluted earnings per share	$	2.25	$	5.02