Acquisition (Tables)

6 Months Ended

Jun. 30, 2017

Allocated fair value of assets acquired and liabilities assumed

The allocated fair value of assets acquired and liabilities assumed are summarized as follows (in thousands):



Trade accounts receivable	$	109,494
Inventories	79,705
Property, plant and equipment	253,708
Other intangible assets	245,000
Other assets	40,396
Trade accounts payable and accrued liabilities	(81,783		)
Deferred income taxes	(122,544		)
Other liabilities	(25,340		)
Total identifiable net assets	498,636
Goodwill	523,456
Cash paid at closing, net of cash acquired	$	1,022,092

Business acquisition, pro forma information

The unaudited pro forma financial information for the three and six months ended June 30, 2017 and 2016 is not intended to represent or be indicative of our consolidated results of operations or financial condition that would have been reported had the SDS acquisition been completed as of the beginning of the periods presented, nor should it be taken as indicative of our future consolidated results of operations or financial condition.



	Three Months Ended				Six Months Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
	(Dollars in thousands, except per share data)

Net sales	$	1,029,398	$	1,026,040	$	1,981,187	$	1,963,011
Net income	$	42,089	$	41,430	$	80,846	$	48,851

Earnings per share:
Basic net income per share	$	0.38	$	0.34	$	0.73	$	0.40
Diluted net income per share	$	0.38	$	0.34	$	0.73	$	0.40