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ACQUISITION OF ALBION INTERNATIONAL, INC (Tables)
 3 Months Ended
Mar. 31, 2016
ACQUISITION OF ALBION INTERNATIONAL, INC [Abstract]  
Estimated fair values of the assets acquired and liabilities assumed
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed.

Cash and cash equivalents
 
$
4,949
 
Accounts receivable
  
7,596
 
Inventories
  
15,448
 
Property, plant and equipment
  
7,217
 
Customer relationships
  
23,010
 
Developed technology
  
9,060
 
Trade name
  
7,211
 
Licensing agreements
  
6,658
 
Other assets
  
1,202
 
Trade accounts payable
  
(1,104
)
Accrued expenses
  
(2,763
)
Bank debt
  
(884
)
Deferred income taxes
  
(19,812)
 
Goodwill
  
57,762
 
Amount paid to shareholders
  
115,550
 
Albion bank debt paid on purchase date
  
884
 
Total amount paid on acquisition date
 
$
116,434
 
Acquisition of unaudited pro forma information
The following unaudited pro forma information has been prepared as if the Acquisition had occurred on January 1, 2015.

  
Three Months Ended
March 31,
 
       
  
Net Sales
  
Net Earnings
 
2016 Albion actual results included in the Company’s consolidated income statement from February 1, 2016 through March 31, 2016
 
$
10,611
  
$
(520
)
         
2016 Supplemental pro forma combined financial information
 
$
139,721
  
$
14,532
 
         
Basic earnings per share
     
$
0.46
 
Diluted earnings per share
     
$
0.46
 
         
2015 Albion actual results included in the Company’s consolidated income statement
 
$
-
  
$
-
 
         
2015 Supplemental pro forma combined financial information
 
$
159,348
  
$
16,179
 
         
Basic earnings per share
     
$
0.52
 
Diluted earnings per share
     
$
0.51