Quarterly Results for 2011 and 2010 (UNAUDITED) (Notes)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results for 2011 and 2010 (UNAUDITED) [Text Block]

21. QUARTERLY RESULTS FOR 2011 and 2010 (UNAUDITED)

(Thousands of dollars, except per share amounts)

	Quarter Ended											Total Year
	March 31			June 30		Sept. 30			Dec. 31
2011
Sales	$	357,731		$	357,397	$	385,091		$	388,423		$	1,488,642
Operating Income	87,578			79,073		108,310			81,325		(a)	356,286
Net Income	58,412			56,454		104,909		(b)	56,230		(a)	276,005
Basic EPS (e)	0.48			0.46		0.86			0.46			2.27
Diluted EPS (e)	0.47			0.45		0.84			0.45			2.20
2010
Sales	$	310,200		$	312,210	$	377,515		$	315,308		$	1,315,233
Operating Income	76,860		(c)	56,344		92,082			56,665			281,951
Net Income	56,953		(c)	38,558		62,904			59,171		(d)	217,586
Basic EPS (e)	0.48			0.32		0.52			0.49			1.81
Diluted EPS (e)	0.47			0.32		0.51			0.48			1.79

(a) Fourth quarter 2011 included a pre-tax $6.5 million ($4.1 million after tax) increase in a disposition reserve.

(b) Third quarter 2011 included a benefit of $16.0 million from the reversal of a reserve related to the taxability of the AFMC.

(c) First quarter 2010 included a pre-tax $12.4 million ($11.5 million after tax) gain from the sale of a portion of the Company's interest in its New Zealand JV. See Note 5 — Joint Venture Investmentfor further information.

(d) Fourth quarter 2010 included a tax benefit of $24.3 million related to the CBPC. See Note 8 — Income Taxes.

(e) The impact of the August 2011 three-for-two stock split is reflected for all periods presented. See Note 9 — Earnings per Common Share for further information.