Acquisition (Tables)

9 Months Ended

Sep. 30, 2019

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	Allocation
Assets
Cash and cash equivalents	$	7,540
Accounts receivable		13,277
Inventory		11,133
Prepaid and other current assets		869
Plant, equipment and timberlands		66,167
Intangible assets		43,573
Goodwill		74,770
Total assets		217,329
Liabilities
Accounts payable		8,577
Deferred tax liabilities		19,119
Other long term liabilities		1,162
Total liabilities		28,858
Total		188,471
less cash acquired		(7,540	)
Total purchase price	$	180,931

Summary of Unaudited Pro Forma Financial Information

The following table summarizes unaudited pro forma financial information for the indicated periods of 2018 as if the acquisition occurred as of January 1, 2018:

	Three months ended September 30		Nine months ended September 30
In thousands, except per share	(unaudited)
Pro forma
Net sales	$	233,043	$	707,563
Income from continuing operations		2,463		7,558
Income per share from continuing operations		0.06		0.17