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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net sales $ 3,665,308 $ 2,843,877 $ 2,620,111
Cost of sales (2,806,121) (2,203,286) (2,078,088)
Gross profit 859,187 640,591 542,023
Selling, general, and administrative expenses (326,602) (280,843) (258,551)
Alternative energy tax credits 0 95,500 0
Other expense, net (58,978) (11,789) (10,723)
Income from operations 473,607 [1] 443,459 272,749
Interest expense, net (58,275) [1],[2] (62,900) [3] (29,245)
Income before taxes 415,332 [1] 380,559 243,504
(Provision) benefit for income taxes 20,951 (216,739) (85,477)
Net income 436,283 163,820 158,027
Weighted average common shares outstanding      
Basic 96,579 96,384 99,281
Diluted 97,547 97,497 100,376
Net income per common share      
Basic $ 4.52 $ 1.70 $ 1.59
Diluted $ 4.47 $ 1.68 $ 1.57
Dividends declared per common share $ 1.51 $ 1.00 $ 0.80
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustment (136) 0 0
Fair value adjustments to cash flow hedges, net of tax of $0.0 million, $6.5 million, and $15.3 million for 2013, 2012, and 2011, respectively 0 (10,183) (24,134)
Reclassification adjustment to cash flow hedges included in net income, net of tax of $2.2 million, $1.2 million, and $0.7 million for 2013, 2012, and 2011, respectively 3,481 1,842 (1,125)
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $8.5 million, $4.3 million, and $2.4 million for 2013, 2012, and 2011, respectively 13,409 6,689 3,806
Changes in unfunded employee benefit obligations, net of tax of $20.4 million, $9.3 million, and $20.3 million for 2013, 2012, and 2011, respectively 32,264 (14,612) (31,944)
Other comprehensive income (loss) 49,018 (16,264) (53,397)
Comprehensive income $ 485,301 $ 147,556 $ 104,630
[1] On October 25, 2013, we acquired Boise. The 2013 results include Boise for the period of October 25 through December 31, 2013.
[2] Includes $10.5 million of expenses for financing the acquisition and $1.1 million of expense for the write-off of deferred financing costs.
[3] Includes $24.8 million of debt refinancing charges, including the $21.3 million redemption premium, the $3.4 million charge to settle the treasury lock prior to its maturity, and $0.1 million of other items.