XML 107 R56.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Net Income Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
[1]
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
[2]
Sep. 30, 2018
[3]
Jun. 30, 2018
[4]
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Earnings Per Share [Abstract]                      
Net Income $ 14,600 $ 27,200 $ 27,700 $ 11,400 $ (72,200) $ 13,800 $ 41,800 $ 37,100 $ 80,925 $ 20,477 $ 82,957
Computation of basic and diluted net income per common share                      
Weighted average common shares outstanding during the period (for basic calculation)                 39,039 38,932 38,623
Dilutive effect of other potential common shares                 203 455 451
Weighted average common shares and potential common shares (for diluted calculation)                 39,242 39,387 39,074
Net income per common share - Basic $ 0.37 $ 0.70 $ 0.71 $ 0.29 $ (1.85) $ 0.36 $ 1.07 $ 0.96 $ 2.07 $ 0.53 $ 2.15
Net income (loss) per common share – Diluted $ 0.37 $ 0.69 $ 0.71 $ 0.29 $ (1.85) $ 0.35 $ 1.06 $ 0.94 $ 2.06 $ 0.52 $ 2.12
Stock Awards [Member]                      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]                      
Antidilutive stock awards                 100 100 0
[1]
Third quarter 2019 results include $1.3 million of pre-tax losses, or $0.03 per share after-tax, from a non-cash pension settlement charge as discussed in Note 12, Retirement and Benefit Plans.
[2]
Fourth quarter 2018 results include $57.8 million of pre-tax expenses, or $1.11 per share after-tax, for accelerated depreciation and other curtailment costs related to the permanent curtailment of LVL production at our Roxboro, North Carolina facility as discussed in Note 6, Curtailment of Manufacturing Facilities. Fourth quarter 2018 also includes $24.0 million of pre-tax losses, or $0.46 per share after-tax, from an impairment loss and other sale related costs on our hardwood plywood facility in Moncure, North Carolina upon being classified as held for sale, as discussed in Note 7, Sale of Manufacturing Facilities.
[3]
Third quarter 2018 results include $11.3 million of pre-tax losses, or $0.21 per share after-tax, from a non-cash pension settlement charge and $11.0 million of pre-tax losses, or $0.21 per share after-tax, from impairment losses on assets held for sale in Northeast Oregon. For additional information, see Note 12, Retirement and Benefit Plans and Note 7, Sale of Manufacturing Facilities.
[4]
Second quarter 2018 results include $12.0 million of pre-tax losses, or $0.23 per share after-tax, from a non-cash pension settlement charge as discussed in Note 12, Retirement and Benefit Plans.