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CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009
Net sales | $ 3,509,227 |  | $ 3,071,545 |  | $ 3,066,759
Cost of goods sold | 2,990,637 |  | 2,599,116 |  | 2,605,629
Gross profit | 518,590 |  | 472,429 |  | 461,130
Selling, general and administrative expenses | 156,752 |  | 166,896 |  | 161,041
Rationalization charges | 7,717 |  | 22,214 |  | 1,491
Income from operations | 354,121 | [1],[2] | 283,319 | [3],[4] | 298,598
Interest and other debt expense before loss on early extinguishment of debt | 62,978 |  | 54,091 |  | 49,744
Loss on early extinguishment of debt | 976 |  | 7,548 |  | 1,255
Interest and other debt expense | 63,954 |  | 61,639 |  | 50,999
Income before income taxes | 290,167 |  | 221,680 |  | 247,599
Provision for income taxes | 96,994 |  | 77,034 |  | 88,190
Net income | $ 193,173 |  | $ 144,646 |  | $ 159,409
Basic net income per share | $ 2.76 |  | $ 1.91 |  | $ 2.09
Diluted net income per share | $ 2.75 |  | $ 1.89 |  | $ 2.07
Dividends per share | $ 0.44 |  | $ 0.42 |  | $ 0.38
[1] | Metal containers includes a charge for the resolution of a past product liability dispute of $3.3 million.
[2] | Corporate includes income of $25.2 million for proceeds received as a result of the termination of the merger agreement with Graham Packaging, net of costs associated with certain corporate development activities.
[3] | Closures includes a charge of $3.2 million for the remeasurement of net assets in Venezuela.
[4] | Corporate includes costs attributable to announced acquisitions of $2.7 million.

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