Business Acquisition (Tables)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Schedule of Proforma Statement of Operations

The following table shows total Company pro forma results for the three and six month periods ended June 30, 2016 as if the acquisition had occurred on January 1, 2015.

(in thousands, except per share amounts)	Three months ended June 30, 2016		Six months ended June 30, 2016
Combined Net sales	$204,371		$397,706
Combined Income before income taxes	$15,765		$38,915
Pro forma increase/(decrease) to income before income taxes:
Acquisition expenses	3,771		5,367
Interest expense related to purchase price	(81	)	(1,133	)
Acquisition accounting adjustments:
Depreciation and amortization on property, plant and equipment, and intangible assets	(121	)	(1,696	)
Valuation of contract inventories	145		2,036
Interest expense on captial lease obligation	23		323
Interest expense on other obligations	(10	)	(143	)
Pro forma Income before income taxes	$19,492		$43,669
Pro forma Net Income	$11,922		$28,187