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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 23, 2017
Sep. 24, 2016
Sep. 23, 2017
Sep. 24, 2016
Income Statement [Abstract]        
Net Sales $ 209,717 $ 206,540 $ 612,358 $ 637,858
Cost of Sales (178,549) (155,997) (511,428) (498,272)
Gross Margin 31,168 50,543 100,930 139,586
Selling, general and administrative expenses (12,640) (9,606) (40,632) (26,240)
Other operating (income) expense, net (Note 8) (871) 500 (3,322) (1,420)
Operating Income 17,657 41,437 56,976 111,926
Interest expense (9,337) (8,727) (27,374) (25,665)
Interest income and other, net 987 180 2,122 296
Unrealized gain on derivative instrument 14,087 0 16,149 0
Gain on debt extinguishment 0 0 0 8,844
Income Before Income Taxes 23,394 32,890 47,873 95,401
Income tax expense (Note 9) (7,722) (11,323) (17,986) (33,601)
Net Income Attributable to Rayonier Advanced Materials Inc. 15,672 21,567 29,887 61,800
Mandatory convertible stock dividends (3,441) (1,706) (10,057) (1,706)
Net Income Available to Rayonier Advanced Materials Inc. Common Stockholders $ 12,231 $ 19,861 $ 19,830 $ 60,094
Earnings Per Share of Common Stock (Note 7)        
Basic earnings per share (in dollars per share) $ 0.29 $ 0.46 $ 0.47 $ 1.42
Diluted earnings per share (in dollars per share) 0.28 0.44 0.46 1.38
Dividends Declared Per Common Share (in dollars per share) $ 0.07 $ 0.07 $ 0.21 $ 0.21
Comprehensive Income:        
Net Income $ 15,672 $ 21,567 $ 29,887 $ 61,800
Other Comprehensive Income (Note 6)        
Amortization of pension and postretirement plans, net of income tax expense of $1,117, $1,088, $3,353 and $3,261. 2,032 1,974 6,093 5,881
Total other comprehensive income 2,032 1,974 6,093 5,881
Comprehensive Income $ 17,704 $ 23,541 $ 35,980 $ 67,681