Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

21.

QUARTERLY FINANCIAL DATA (UNAUDITED)


	Fiscal Quarter
	First		Second		Third			Fourth		Total
	(In thousands, except per share amounts)
2011:
Net sales	$	629,500	$	665,481	$	670,824		$	654,306	$	2,620,111
Gross profit		133,141		136,901		137,747			134,157		541,946
Income from operations		65,903		67,859		71,180			67,807		272,749
Net income		37,417		39,368		41,777			39,465		158,027
Basic earnings per share		0.37		0.39		0.42			0.41		1.59
Diluted earnings per share		0.37		0.39		0.42			0.40		1.57
Stock price — high		30.69		29.88		29.19			27.16		30.69
Stock price — low		25.96		26.26		21.05			21.75		21.05
2010:
Net sales	$	550,732	$	615,459	$	642,764		$	626,651	$	2,435,606
Gross profit		86,799		131,665		166,452			147,284		532,200
Income from operations		33,616		67,746		(12,342	)		96,362		185,382
Net income		19,194		38,030		93,320			54,891		205,435
Basic earnings per share		0.19		0.37		0.92			0.54		2.02
Diluted earnings per share		0.19		0.37		0.91			0.54		2.00
Stock price — high		25.83		26.48		25.50			27.08		27.08
Stock price — low		20.63		20.00		21.19			22.68		20.00

Note:

The sum of the quarters may not equal the total of the respective year's earnings per share on either a basic or diluted basis due to changes in the weighted average shares outstanding throughout the year.

For the three months ended March 31, June 30, September 30, and December 31, 2011 net income was decreased by $2.1 million or $0.02 per share, $1.2 million or $0.01 per share, $1.0 million or $0.01 per share, and $0.5 million, or $0.005 per share, respectively, due to asset disposal charges related to major energy projects.

For the three months ended June 30, 2011, net income was increased by $1.0 million or $0.01 per share due to an adjustment to reserves related to medical benefits.

For the three months ended September 30, 2010, income from operations was decreased by $111.9 million due to the reversal of a portion of income previously recorded from alternative fuel mixture tax credits in order to claim the cellulosic biofuel producer credits that are recorded as a benefit in the provision for income taxes.

For the three months ended March 31, September 30, and December 31, 2010, net income was increased by $9.2 million or $0.09 per share, $33.4 million or $0.33 per share, and $5.0 million or $0.05 per share, respectively, due to the alternative energy tax credits.

For the three months ended March 31, June 30, September 30, and December 31, 2010, net income was decreased by $2.5 million or $0.02 per share, $1.1 million or $0.01 per share, $1.8 million or $0.02 per share, and $3.2 million or $0.03 per share, respectively, due to asset disposal and facilities closure charges.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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