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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (Unaudited) | Quarterly Results of Operations (unaudited, dollars in millions, except per-share and stock price information)
| Quarter
2014: | First (a) |  | Second (b) |  | Third (c) |  | Fourth (d) |  | Total
Net sales | $ | 1,431.3 |  |  | $ | 1,468.4 |  |  | $ | 1,518.9 |  |  | $ | 1,434.0 |  |  | $ | 5,852.6 |
Gross profit | 301.4 |  |  | 310.8 |  |  | 320.3 |  |  | 297.0 |  |  | 1,229.5 |
Income from operations | 160.9 |  |  | 180.2 |  |  | 188.4 |  |  | 173.2 |  |  | 702.7 |
Net income | 90.1 |  |  | 99.6 |  |  | 104.4 |  |  | 98.5 |  |  | 392.6 |
Basic earnings per share | 0.92 |  |  | 1.01 |  |  | 1.06 |  |  | 1.00 |  |  | 3.99 |
Diluted earnings per share | 0.92 |  |  | 1.01 |  |  | 1.06 |  |  | 1.00 |  |  | 3.99 |
Stock price - high | 75.10 |  |  | 72.74 |  |  | 72.82 |  |  | 80.14 |  |  | 80.14 |
Stock price - low | 61.35 |  |  | 65.00 |  |  | 63.11 |  |  | 57.06 |  |  | 57.06 |
| Quarter
2013: | First |  | Second (e) |  | Third (f) |  | Fourth (g) |  | Total
Net sales | $ | 755.2 |  |  | $ | 800.2 |  |  | $ | 845.5 |  |  | $ | 1,264.4 |  |  | $ | 3,665.3 |
Gross profit | 185.2 |  |  | 195.3 |  |  | 227.6 |  |  | 259.4 |  |  | 867.5 |
Income from operations | 106.0 |  |  | 110.2 |  |  | 142.8 |  |  | 122.9 |  |  | 481.9 |
Net income | 62.3 |  |  | 66.2 |  |  | 84.7 |  |  | 228.1 |  |  | 441.3 |
Basic earnings per share | 0.65 |  |  | 0.69 |  |  | 0.88 |  |  | 2.36 |  |  | 4.57 |
Diluted earnings per share | 0.64 |  |  | 0.68 |  |  | 0.87 |  |  | 2.34 |  |  | 4.52 |
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 |
____________ 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 $17.6 million of costs accrued for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit ($11.2 million after-tax or $0.11 per diluted share), $4.1 million of integration-related costs ($2.6 million after-tax or $0.03 per diluted share), and $4.0 million of DeRidder restructuring charges ($2.6 million after-tax or $0.02 per diluted share).
(b) | Includes $17.8 million of DeRidder restructuring charges ($11.2 million after-tax or $0.12 per diluted share) and $4.9 million of integration-related and other costs ($3.0 million after-tax or $0.03 per diluted share).
(c) | Includes $26.0 million of DeRidder restructuring charges ($16.6 million after-tax or $0.17 per diluted share) and $4.5 million of integration-related and other costs ($2.9 million after-tax or $0.03 per diluted share).
(d) | Includes $18.0 million of DeRidder restructuring charges ($11.7 million after-tax or $0.12 per diluted share) and $6.4 million of integration-related and other costs ($4.2 million after-tax or $0.04 per diluted share).
(e) | Includes a $7.8 million non-cash pension curtailment charge ($5.0 million after-tax or $0.05 per diluted share).
(f) | 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).
(g) | 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).

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: 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=35737889&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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