Acquisitions Acquisition Purchase Price Allocation (Tables)

9 Months Ended

Sep. 30, 2013

Acquisition Purchase Price Allocation [Abstract]

Business Acquisition, Pro Forma Information

The following unaudited pro forma information for the nine months ended September 30, 2012 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.

Net sales	$	608,239
Cost of sales	440,999
Gross profit	167,240
Selling, general & administrative expenses	127,007
Operating income	40,233
Interest expense, net	6,287
Income before taxes	33,946
Income taxes	12,261
Net income	$	21,685
Income per basic share	$	0.65
Income per diluted share	$	0.63

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
Current assets, excluding cash acquired	$	11,884	$	5,019
Property, plant & equipment	13,636		2,559
Other long-term assets	6,944		5,711
Assets acquired, less cash	$	32,464	$	13,289
Current liabilities	$	6,742	$	2,112
Debt	26,028		—
Long-term liabilities	6,097		3,498
Liabilities assumed	38,867		5,610
Goodwill	9,832		7,435
Total consideration, less cash acquired	$	3,429	$	15,114