XML 108 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
VALDOSTA MILL FIRE INSURANCE RECOVERY
12 Months Ended
Dec. 31, 2012
VALDOSTA MILL FIRE INSURANCE RECOVERY
18. VALDOSTA MILL FIRE INSURANCE RECOVERY

On April 4, 2011, the Company’s Valdosta, Georgia mill had a fire in the turbine generator room. The fire resulted in production and sales volume losses of 11,000 tons and significant repair and demolition expenses to affected buildings and equipment. PCA was insured for the lost production, replacement value of destroyed assets, and related expenses, subject to a $3.0 million deductible. The Company filed an insurance claim for the total cost of the fire and received $9.4 million, net of the $3.0 million deductible, for losses incurred and capital expenditures during 2011. The $9.4 million in insurance proceeds is included in net cash provided by operating activities ($5.5 million) and in net cash used for investing activities ($3.9 million) based on the nature of the reimbursement.

During 2012, the Company received an additional $1.4 million in insurance proceeds for capital expenditures which is included in net cash used for investing activities based on the nature of the reimbursement.