Acquisition of the New Business (Tables)

12 Months Ended

Dec. 31, 2016

Acquisition of the New Business

Schedule of preliminary purchase price allocation

	November 2
	2016
Assets
Cash and cash equivalents	$	3,826
Receivables		10,077
Inventories		20,895
Other current assets		1,171
Property, plant, and equipment		67,697
Intangibles		37,248
Goodwill		42,844
Other assets		179
Total assets	$	183,937
Liabilities
Accounts payable and accrued liabilities	$	6,151
Payroll and benefits payable		4,360
Accrued income taxes		581
Deferred income taxes - long term		7,406
Accrued pension and other liabilities		8,014
Total liabilities	$	26,512
Net assets	$	157,425
Cash paid for acquisition	$	157,425

Schedule of unaudited pro forma results of operations including acquisition

	Year Ended December 31
	2016		2015
Net sales	$	601,153	$	636,211
Net income		29,326		33,119
Net income per common share
Basic	$	0.58	$	0.64
Diluted	$	0.57	$	0.63