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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2013
Summary of Quarterly Financial Data |
| Fiscal Quarter
2013: | First |  | Second (a) |  | Third (b) |  | Fourth (c) |  | Total
Net sales | $ | 755,207 |  |  | $ | 800,230 |  |  | $ | 845,440 |  |  | $ | 1,264,431 |  |  | $ | 3,665,308 |
Gross profit | 182,492 |  |  | 192,323 |  |  | 226,777 |  |  | 257,595 |  |  | 859,187 |
Income from operations | 103,246 |  |  | 107,270 |  |  | 141,960 |  |  | 121,131 |  |  | 473,607 |
Net income | 60,613 |  |  | 64,465 |  |  | 84,180 |  |  | 227,025 |  |  | 436,283 |
Basic earnings per share | 0.63 |  |  | 0.67 |  |  | 0.87 |  |  | 2.35 |  |  | 4.52 |
Diluted earnings per share | 0.62 |  |  | 0.66 |  |  | 0.86 |  |  | 2.33 |  |  | 4.47 |
Stock price - high | 44.93 |  |  | 50.78 |  |  | 61.32 |  |  | 64.39 |  |  | 64.39 |
Stock price - low | 37.86 |  |  | 42.36 |  |  | 48.45 |  |  | 55.66 |  |  | 37.86 |
| Fiscal Quarter
2012: | First (d) |  | Second (e) |  | Third (e) |  | Fourth (f) |  | Total
Net sales | $ | 671,357 |  |  | $ | 712,468 |  |  | $ | 723,473 |  |  | $ | 736,579 |  |  | $ | 2,843,877 |
Gross profit | 145,135 |  |  | 158,015 |  |  | 163,102 |  |  | 174,339 |  |  | 640,591 |
Income from operations | 169,110 |  |  | 83,858 |  |  | 92,072 |  |  | 98,419 |  |  | 443,459 |
Net income | 17,844 |  |  | 45,154 |  |  | 39,791 |  |  | 61,031 |  |  | 163,820 |
Basic earnings per share | 0.18 |  |  | 0.47 |  |  | 0.41 |  |  | 0.63 |  |  | 1.70 |
Diluted earnings per share | 0.18 |  |  | 0.46 |  |  | 0.41 |  |  | 0.63 |  |  | 1.68 |
Stock price - high | 30.62 |  |  | 29.80 |  |  | 36.68 |  |  | 38.67 |  |  | 38.67 |
Stock price - low | 24.82 |  |  | 25.77 |  |  | 27.59 |  |  | 33.89 |  |  | 24.82 |
____________ 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.
(a) | Includes a $7.8 million non-cash pension curtailment charge ($5.0 million after tax or $0.05 per diluted share).
(b) | Includes a $3.1 million non-cash pension curtailment charge ($2.0 million after tax or $0.02 per diluted share), $1.5 million of acquisition-related costs ($1.0 million after tax or $0.01 per diluted share), and $2.7 million of acquisition-related financing costs ($1.8 million after tax or $0.02 per diluted share).
(c) | Includes Boise's results for the period of October 25, 2013, through December 31, 2013. The quarter also includes $166.0 million of income tax benefits from the reversal of the reserves for unrecognized tax benefits from alternative energy tax credits ($1.70 per diluted share), partially offset by $21.5 million of expense for the acquisition inventory step-up ($13.6 million after tax or $0.14 per diluted share), $15.8 million of acquisition-related costs ($10.0 million after tax or $0.10 per diluted share), $8.9 million of acquisition-related financing costs ($5.6 million after tax or $0.06 per diluted share), and $17.4 million of integration-related and other costs ($11.0 million after tax or $0.11 per diluted share).
(d) | During the first quarter of 2012, PCA amended its 2009 federal income tax return to reduce the gallons claimed as cellulosic biofuel producer credits previously recorded as a tax benefit and to increase those gallons claimed as alternative fuel mixture credits previously recorded as income. The increase in gallons claimed as alternative fuel mixture credits resulted in income of $95.5 million. The decrease in gallons claimed as cellulosic biofuel producer credits resulted in a decrease in tax benefits of $118.5 million, for a total decrease in net income of $23.0 million ($0.24 per diluted share).
(e) | The second and third quarters of 2012 include debt refinancing charges of $3.7 million ($2.5 million after tax or $0.03 per diluted share) and $21.1 million ($13.5 million after tax or $0.14 per diluted share), respectively.
(f) | Includes $3.4 million of income from state income tax adjustments ($0.03 per diluted share), partially offset by $2.0 million of plant closure charges ($1.4 million after tax or $0.01 per diluted share).

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 + Details
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