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Acquisition (Tables)
9 Months Ended
Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Summary of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed
The following table summarizes preliminary allocation of the purchase price to assets acquired and liabilities assumed is as follows:
In thousandsPreliminary Allocation
Assets 
Accounts receivable$11,576 
Inventory7,031 
Prepaid and other current assets11 
Plant, equipment and timberlands100,498 
Intangible assets20,000 
Goodwill36,231 
Other assets8,041 
Total assets183,388 
Liabilities
Accounts payable2,587 
Other current liabilities2,017 
Other long-term liabilities7,865 
Total liabilities12,469 
Total purchase price$170,919 
Summary of Unaudited Pro Forma Financial Information The following table summarizes unaudited pro forma financial information as if the acquisition occurred as of January 1, 2020:
(unaudited)
Three months ended
September 30
Nine months ended
September 30
In thousands, except per share202020212020
Pro forma   
Net sales$260,722 $750,236 $759,074 
Income from continuing operations7,279 15,339 15,565 
Income per share from continuing operations0.16 0.34 0.35