Acquisition (Tables)

12 Months Ended

Dec. 31, 2019

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	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 Annual Unaudited Pro Forma Financial Information

The following table summarizes annual unaudited pro forma financial information as if the acquisition occurred as of January 1, 2017:

		2018		2017
In thousands, except per share	(unaudited)
Pro forma
Net sales	$	937,043	$	904,430
Income from continuing operations		1,585		1,396
Income per share from continuing operations		0.04		0.03