Acquisition (Tables)

6 Months Ended

Jun. 30, 2021

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

In thousands	Preliminary Allocation
Assets
Accounts receivable	$	11,576
Inventory		7,031
Prepaid and other current assets		11
Plant, equipment and timberlands		100,498
Intangible assets		20,000
Goodwill		36,045
Other assets		8,041
Total assets		183,202
Liabilities
Accounts payable		2,587
Other current liabilities		2,017
Other long-term liabilities		7,865
Total liabilities		12,469
Total purchase price	$	170,733

The following table summarizes unaudited pro forma financial information as if the acquisition occurred as of January 1, 2020:

(unaudited)	Three months ended June 30						Six months ended June 30
In thousands, except per share		2021			2020			2021		2020
Pro forma
Net sales	$	254,452		$	241,641		$	501,083	$	498,352
Income (loss) from continuing operations		(919	)		(766	)		7,824		8,286
Income (loss) per share from continuing operations		(0.02	)		(0.02	)		0.17		0.19