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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 1,370,220 $ 1,270,215 $ 2,694,648 $ 2,291,944
Cost of products sold 1,132,236 1,036,248 2,226,811 1,872,136
Gross profit 237,984 233,967 467,837 419,808
Operating expenses:        
Selling, general and administrative expenses 126,731 116,391 252,906 223,378
Research and development 9,986 8,725 17,573 14,350
Other operating (income) expense, net (4,057) (3,637) (11,118) 4,799
Operating income 105,324 112,488 208,476 177,281
Interest expense 18,110 18,540 36,446 36,677
Other non-operating (income) expense, net (346) 832 1,374 (2,207)
Income from continuing operations before income taxes 87,560 93,116 170,656 142,811
Provision for income taxes 32,000 33,500 62,300 51,400
Income from continuing operations 55,560 59,616 108,356 91,411
Income from discontinued operations, net of tax   1,961   2,615
Net income 55,560 61,577 108,356 94,026
Less: Net income attributable to noncontrolling interests 1,308 1,938 2,894 3,604
Net income attributable to Bemis Company, Inc. 54,252 59,639 105,462 90,422
Amounts attributable to Bemis Company, Inc.:        
Income from continuing operations, net of tax 54,252 57,678 105,462 87,807
Income from discontinued operations, net of tax   1,961   2,615
Net income attributable to Bemis Company, Inc. $ 54,252 $ 59,639 $ 105,462 $ 90,422
Basic earnings per share:        
Income from continuing operations (in dollars per share) $ 0.51 $ 0.52 $ 0.98 $ 0.79
Income from discontinued operations (in dollars per share)   $ 0.02   $ 0.02
Net income attributable to Bemis Company, Incn (in dollars per share) $ 0.51 $ 0.54 $ 0.98 $ 0.81
Diluted earnings per share:        
Income from continuing operations (in dollars per share) $ 0.51 $ 0.52 $ 0.98 $ 0.79
Income from discontinued operations (in dollars per share)   $ 0.02   $ 0.02
Net income attributable to Bemis Company, Incn (in dollars per share) $ 0.51 $ 0.54 $ 0.98 $ 0.81
Cash dividends paid per share (in dollars per share) $ 0.24 $ 0.23 $ 0.48 $ 0.46