Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Fair Values of Identifiable Assets Acquired and Liabilities Assumed at Date of Acquisition

The following table summarizes the fair values of identifiable assets acquired and liabilities assumed at the date of the Texel and Gutsche acquisitions:

In thousands	Texel			Gutsche
Cash and cash equivalents	$	1,610		$	9,400
Accounts Receivable	13,355			7,736
Inventories	17,525			6,417
Prepaid expenses and other current assets	2,469			1,125
Non-current environmental indemnification receivable (Note 14)	925			—
Property, plant and equipment, net	31,525			7,969
Investment in joint venture	616			—
Goodwill (Note 5)	28,655			19,729
Other intangible assets, net (Note 5)	22,887			15,622
Other long-term assets	—			1,545
Total assets acquired	119,567			69,543
Current liabilities	(8,520		)	(8,376		)
Long-term environmental remediation liability (Note 14)	(925		)	—
Other long-term liabilities	—			(2,742		)
Deferred tax liabilities	(7,413		)	(470		)
Total liabilities assumed	(16,858		)	(11,588		)
Net assets acquired	$	102,709		$	57,955

Schedule of Unaudited Pro Forma Operating Results

The following table reflects the results of the Company for the year ended December 31, 2017 and the unaudited pro forma operating results of the Company for years ended December 31, 2016 and 2015, which give effect to the acquisitions of Texel and Gutsche as if they had occurred on January 1, 2015. The pro forma information includes the historical financial results of the Company and the acquired businesses. The pro forma results are not necessarily indicative of the operating results that would have occurred had the acquisition been effective January 1, 2015, nor are they intended to be indicative of results that may occur in the future. The pro forma information does not include the effects of any synergies related to the acquisitions.

	For The Years Ended December 31,
	(Actual)		(Unaudited Pro Forma)		(Unaudited Pro Forma)
In thousands	2017		2016		2015
Net Sales	$	698,437	$	654,877	$	651,252
Net Income	$	49,317	$	43,559	$	47,956
Earnings per share:
Basic	$	2.89	$	2.58	$	2.86
Diluted	$	2.85	$	2.53	$	2.81