Acquisition (Tables)

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Summary of Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The allocation of the purchase price to assets acquired and liabilities assumed is as follows:

In thousands	As originally presented			Cumulative adjustments			Adjusted
Assets
Cash and cash equivalents	$	12,227		$	—		$	12,227
Accounts receivable		23,870			—			23,870
Inventory		13,864			—			13,864
Prepaid and other current assets		6,674			1,386			8,060
Plant, equipment and timberlands		60,951			—			60,951
Intangible assets		87,596			—			87,596
Goodwill		76,256			(1,386	)		74,870
Total assets		281,438			—			281,438
Liabilities
Accounts payable		20,360			(107	)		20,253
Deferred tax liabilities		36,120			—			36,120
Other long term liabilities		1,820			107			1,927
Total liabilities		58,300			—			58,300
Total		223,138			—			223,138
less cash acquired		(12,227	)		—			(12,227	)
Total purchase price	$	210,911		$	—		$	210,911

Summary of Pro Forma Financial Information

The table below summarizes pro forma financial information as if the acquisition and related financing transaction occurred as of January 1, 2013:

In thousands, except per share	Three months ended June 30 2013		Six months ended June 30 2013
Pro forma
Net sales	$	441,204	$	887,975
Net income		6,643		29,436
Diluted earnings per share		0.15		0.67