Acquisition (Tables)

9 Months Ended

Sep. 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	$	109,565
Inventories	79,758
Property, plant and equipment	255,616
Other intangible assets	245,000
Other assets	40,577
Trade accounts payable and accrued liabilities	(77,807		)
Deferred income taxes	(105,167		)
Other liabilities	(24,697		)
Total identifiable net assets	522,845
Goodwill	505,884
Cash paid at closing, net of cash acquired	$	1,028,729

Business acquisition, pro forma information

The unaudited pro forma financial information for the three and nine months ended September 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				Nine Months Ended
	Sept. 30, 2017		Sept. 30, 2016		Sept. 30, 2017		Sept. 30, 2016
	(Dollars in thousands, except per share data)

Net sales	$	1,266,930	$	1,272,237	$	3,247,728	$	3,235,248
Net income	$	72,964	$	71,933	$	153,482	$	120,251

Earnings per share:
Basic net income per share	$	0.66	$	0.60	$	1.39	$	0.99
Diluted net income per share	$	0.65	$	0.59	$	1.38	$	0.99