XML 14 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Change in Accounting Principle: Inventories (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Consolidated Statements of Income and Comprehensive Income            
Cost of sales $ (1,157,580) $ (604,980) $ (2,287,501) $ (1,174,941)    
Gross profit 310,808 195,250 612,212 380,496    
Income from operations 180,248 [1] 110,197 341,156 [1] 216,197    
Income before taxes 158,839 [1] 100,965 298,956 [1] 197,714    
Provision for income taxes (59,282) (34,713) (109,313) (69,168)    
Net income 99,557 66,252 189,643 128,546    
Comprehensive income 101,430 82,222 193,337 147,274    
Net income per common share:            
Basic $ 1.01 $ 0.69 $ 1.93 $ 1.33    
Diluted $ 1.01 $ 0.68 $ 1.93 $ 1.32    
Consolidated Balance Sheet            
Inventories 611,342   611,342   594,291  
Deferred income tax assets 34,091   34,091   47,616  
Retained earnings 1,119,367   1,119,367   1,019,101  
Consolidated Statement of Cash Flows            
Net income 99,557 66,252 189,643 128,546    
Deferred income tax provision (benefit)     19,583 (6,786)    
Inventories     (13,277) 78    
Change in Accounting Method for Inventory Valuation | Effect of Change in Accounting Principle
            
Consolidated Statements of Income and Comprehensive Income            
Cost of sales   2,927   5,681    
Gross profit   2,927   5,681    
Income from operations   2,927   5,681    
Income before taxes   2,927   5,681    
Provision for income taxes   (1,140)   (2,213)    
Net income 1,500 1,787 2,900 3,468    
Comprehensive income   1,787   3,468    
Net income per common share:            
Basic   $ 0.02   $ 0.03    
Diluted   $ 0.02   $ 0.04    
Consolidated Balance Sheet            
Inventories 67,000   67,000   71,768  
Deferred income tax assets         (27,963)  
Retained earnings         43,805 38,800
Consolidated Statement of Cash Flows            
Net income 1,500 1,787 2,900 3,468    
Deferred income tax provision (benefit)       2,213    
Inventories       (5,681)    
As Previously Reported (under LIFO)
            
Consolidated Statements of Income and Comprehensive Income            
Cost of sales   (607,907) [2]   (1,180,622) [2]    
Gross profit   192,323 [2]   374,815 [2]    
Income from operations   107,270 [2]   210,516 [2]    
Income before taxes   98,038 [2]   192,033 [2]    
Provision for income taxes   (33,573) [2]   (66,955) [2]    
Net income   64,465 [2]   125,078 [2]    
Comprehensive income   80,435 [2]   143,806 [2]    
Net income per common share:            
Basic   $ 0.67 [2]   $ 1.30 [2]    
Diluted   $ 0.66 [2]   $ 1.28 [2]    
Consolidated Balance Sheet            
Inventories         522,523  
Deferred income tax assets         75,579  
Retained earnings         975,296  
Consolidated Statement of Cash Flows            
Net income   64,465 [2]   125,078 [2]    
Deferred income tax provision (benefit)       (8,999)    
Inventories       $ 5,759    
[1] On October 25, 2013, we acquired Boise. The 2014 results include Boise for the full period.
[2] Certain amounts in prior periods' consolidated financial statements have been reclassified to conform with the current period presentation.