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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net sales$ 1,148,008$ 1,002,056$ 2,673,318$ 2,359,940
Cost of goods sold965,054839,6512,271,5081,985,636
Gross profit182,954162,405401,810374,304
Selling, general and administrative expenses46,22140,480112,872125,853
Rationalization charges6829714,7823,733
Income from operations136,051120,954[1]284,156[2],[3]244,718[1],[4]
Interest and other debt expense before loss on early extinguishment of debt16,29215,94046,67840,446
Loss on early extinguishment of debt9764,5379764,537
Interest and other debt expense17,26820,47747,65444,983
Income before income taxes118,783100,477236,502199,735
Provision for income taxes40,02735,24680,42771,469
Net income$ 78,756$ 65,231$ 156,075$ 128,266
Earnings per share:    
Basic net income per share$ 1.13$ 0.85$ 2.23$ 1.67
Diluted net income per share$ 1.12$ 0.84$ 2.22$ 1.66
Dividends per share$ 0.11$ 0.11$ 0.33$ 0.32
Weighted average number of shares:    
Basic69,98176,76770,03676,699
Effect of dilutive securities339608408605
Diluted70,32077,37570,44477,304
[1]Income from operations for corporate includes costs attributable to announced acquisitions of $0.5 million for the three and nine months ended September 30, 2010.
[2]Income from operations for corporate includes income of $25.2 million for proceeds received as a result of the termination of the Graham Packaging merger agreement, net of costs associated with certain corporate development activities.
[3]Income from operations of the metal containers segment includes a charge for the resolution of a past product liability dispute of $3.3 million.
[4]Income from operations for the closures segment includes a charge of $3.2 million for the remeasurement of net assets in the Venezuela operations to the devalued official Bolivar exchange rate.