Acquisitions Acquisition Purchase Price Allocation (Tables)

3 Months Ended

Mar. 31, 2013

Acquisition Purchase Price Allocation [Abstract]

Business Acquisition, Pro Forma Information

The following unaudited pro forma information presents a summary of consolidated results of operations for the Company including Novel and Jamco as if the acquisitions had occurred on January 1, 2012.

	Three Months Ended  March 31,
	2012
Net sales	$	212,584
Cost of sales	150,477
Gross profit	62,107
Selling, general & administrative expenses	43,319
Operating income	18,788
Interest expense, net	2,215
Income before taxes	16,573
Income taxes	6,255
Net income	$	10,318
Income per basic share	$	0.31
Income per diluted share	$	0.30

Business Combination, Separately Recognized Transactions

The allocation of the purchase price and the estimated goodwill, which is not deductible for income tax purposes, and other intangibles are as follows:

Assets acquired:	Novel		Jamco
Cash	$	630	$	88
Accounts receivable	5,467		1,690
Inventory	5,993		3,282
Property, plant and equipment	13,636		2,559
Intangibles	5,790		5,680
Deferred tax assets	435		28
Prepaid assets	1,451		48
Other	719		2
Assets acquired, less cash	$	33,491	$	13,289
Liabilities assumed:
Accounts payable and accruals	$	3,134	$	1,436
Other taxes	3,608		676
Other long-term liabilities	2,293		454
Debt	26,028		—
Deferred tax liabilities	3,804		3,044
Liabilities assumed	38,867		5,610
Goodwill	8,805		7,435
Total consideration, less cash acquired	$	3,429	$	15,114