Acquisitions

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Acquisitions

Acquisitions

Acquisition of FiberMark

On August 1, 2015, the Company purchased all of the outstanding equity of ASP FiberMark, LLC (“FiberMark”) from ASP FiberMark Holdings, LLC for approximately $118.0 million (the “FiberMark Acquisition”). For the three and nine months ended September 30, 2016, the Company incurred $0.4 million and $2.2 million of integration costs, respectively.

The following selected unaudited pro forma consolidated statement of operations data for the nine months ended September 30, 2015 was prepared as though the FiberMark Acquisition had occurred as of the beginning of 2015. The information does not reflect events that occurred after September 30, 2015 or any operating efficiencies or inefficiencies that may result from the FiberMark Acquisition. Therefore, the information is not necessarily indicative of results that would have been achieved had the businesses been combined during the period presented or the results that the Company will experience going forward.

	Nine Months Ended September 30, 2015
Net sales	$	753.6
Operating income	82.8
Income from continuing operations	47.2
Income from discontinued operations	(6.9		)
Net income	40.3
Earnings Per Common Share
Basic
Continuing operations	$	2.79
Discontinued Operations	(0.41		)
	$	2.38
Diluted
Continuing operations	$	2.75
Discontinued Operations	(0.40		)
	$	2.35