Acquisitions Acquisition Purchase Price Allocation (Tables)

6 Months Ended

Jun. 30, 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.

	For the Three Months Ended  June 30,		For the Six Months Ended  June 30,
	2012		2012
Net sales	$	194,365	$	406,949
Cost of sales	143,257		293,734
Gross profit	51,108		113,215
Selling, general & administrative expenses	39,912		83,231
Operating income	11,196		29,984
Interest expense, net	2,866		5,081
Income before taxes	8,330		24,903
Income taxes	3,049		9,304
Net income	$	5,281	$	15,599
Income per basic share	$	0.16	$	0.47
Income per diluted share	$	0.15	$	0.46

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 income taxes	3,804		3,044
Liabilities assumed	38,867		5,610
Goodwill	8,805		7,435
Total cash consideration, less cash acquired	$	3,429	$	15,114