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ACQUISITION (Table)
6 Months Ended
Jun. 30, 2013
Business Combinations [Abstract]  
Schedule Of Business Acquisitions By Acquisition
The purchase price of the acquisition has been allocated to the net tangible and intangible assets acquired with the remainder recorded as goodwill on the basis of estimated fair values, as follows:
(In thousands)
Phönix

Accounts receivable
$
12,226

Inventory
20,358

Property, plant, and equipment
14,068

Other current and non-current assets
1,029

Intangible assets
42,791

Current and non-current liabilities
(7,029
)
Pension and postretirement benefits
(6,472
)
Deferred income taxes
(14,192
)
Net tangible and intangible assets
62,779

Purchase price
97,886

Goodwill
$
35,107

 
 

Amount of tax deductible goodwill
$

Business Acquisition Pro Forma Information
The following table presents unaudited consolidated pro forma financial information for the combined results of the Corporation and its completed business acquisitions during the year ended December 31, 2012 as if the acquisitions had occurred on January 1, 2012 for purposes of the financial information presented for the periods ended June 30, 2012.
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In thousands, except per share data)
2012
 
2012
Net sales
$
611,976

 
$
1,197,251

Net earnings from continuing operations
25,559

 
47,460

Diluted earnings per share from continuing operations
0.54

 
1.00