Acquisition (Tables)

12 Months Ended

Dec. 31, 2012

Business Combinations [Abstract]

Schedule of Purchase Price Allocations

The following table summarizes the fair values of the assets acquired, net of cash acquired, and liabilities assumed at the date of the acquisition, inclusive of subsequent purchase price adjustments:

Accounts Receivable	$	42,724
Inventory	13,392
Other current assets	3,988
Property, plant and equipment	16,481
Other noncurrent assets	2,841
Intangible assets (Note 6)	126,600
Goodwill (Note 6)	201,029
Total assets acquired	407,055
Current liabilities	(22,665		)
Other liabilities	(4,003		)
Deferred taxes	(38,290		)
Debt assumed	(45,537		)
Total liabilities assumed	(110,495		)
Net assets acquired	$	296,560

Schedule of Unaudited Pro Forma Operating Results

The following table reflects the unaudited pro forma operating results of the Company for the years ended December 31, 2012 and 2011, which give effect to the acquisition of Synventive as if it had occurred on January 1, 2011. The pro forma results are based on assumptions that the Company believes are reasonable under the circumstances. The pro forma results are not necessarily indicative of the operating results that would have occurred had the acquisition been effective January 1, 2011, nor are they intended to be indicative of results that may occur in the future. The underlying pro forma information includes the historical financial results of the Company and Synventive adjusted for certain items including depreciation and amortization expense associated with the assets acquired and the Company’s expense related to financing arrangements, with the related tax effects. The pro forma information does not include the effects of any synergies or cost reduction initiatives related to the acquisition.

	(Unaudited Pro Forma)
	2012		2011
Net sales	1,331,480		1,316,949
Income from continuing operations	105,066		79,998
Net income	102,018		53,140
Per common share:
Basic:
Income from continuing operations	$	1.92	$	1.45
Net income	$	1.87	$	0.96
Diluted:
Income from continuing operations	$	1.90	$	1.43
Net income	$	1.85	$	0.95

Pro forma earnings during the year ended December 31, 2012 were adjusted to exclude non-recurring items including acquisition-related costs and expense related to the fair value adjustment to inventory and acquired backlog. Pro forma earnings in 2011 were adjusted to include acquisition-related costs of $11,776 ($2,377 incurred by the Company and $9,399 incurred by Synventive at closing) and expense of $3,765 and $1,222 related to the fair value adjustments to inventory and acquired backlog, respectively. In addition, 2011 earnings were adjusted to exclude a gain on debt restructuring and a foreign exchange gain related to debt at Synventiv