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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net sales $ 3,665,308 [1] $ 2,843,877 [1] $ 2,620,111
Cost of sales (2,797,853) (2,209,142) (2,076,816)
Gross profit 867,455 [1] 634,735 [1] 543,295
Selling, general, and administrative expenses (326,602) (280,843) (258,551)
Alternative energy tax credits 0 95,500 0
Other expense, net (58,978) (11,789) (10,723)
Income from operations 481,875 [1],[2] 437,603 [1] 274,021
Interest expense, net (58,275) [2],[3] (62,900) [4] (29,245)
Income before taxes 423,600 [2] 374,703 244,776
(Provision) benefit for income taxes 17,729 (214,463) (85,971)
Net income 441,329 [1] 160,240 [1] 158,805
Weighted average common shares outstanding      
Basic 96,579 96,384 99,281
Diluted 97,547 97,497 100,376
Net income per common share      
Basic $ 4.57 [1] $ 1.66 [1] $ 1.60
Diluted $ 4.52 [1] $ 1.64 [1] $ 1.58
Dividends declared per common share $ 1.51 $ 1.00 $ 0.80
Other comprehensive income (loss), net of tax:      
Net income 441,329 [1] 160,240 [1] 158,805
Foreign currency translation adjustment (136) 0 0
Fair value adjustments to cash flow hedges, net of tax of $0.0 million, $6.5 million, and $15.3 million for 2013, 2012, and 2011, respectively 0 (10,183) (24,134)
Reclassification adjustment to cash flow hedges included in net income, net of tax of $2.2 million, $1.2 million, and $0.7 million for 2013, 2012, and 2011, respectively 3,481 1,842 (1,125)
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $8.5 million, $4.3 million, and $2.4 million for 2013, 2012, and 2011, respectively 13,409 6,689 3,806
Changes in unfunded employee benefit obligations, net of tax of $20.4 million, $9.3 million, and $20.3 million for 2013, 2012, and 2011, respectively 32,264 (14,612) (31,944)
Other comprehensive income (loss) 49,018 (16,264) (53,397)
Comprehensive income $ 490,347 $ 143,976 $ 105,408
[1] Amounts have been adjusted for the change in inventory accounting method from LIFO to average cost.
[2] On October 25, 2013, we acquired Boise. The 2013 results include Boise for the period of October 25 through December 31, 2013.
[3] Includes $10.5 million of expenses for financing the acquisition and $1.1 million of expense for the write-off of deferred financing costs.
[4] Includes $24.8 million of debt refinancing charges, including the $21.3 million redemption premium, the $3.4 million charge to settle the treasury lock prior to its maturity, and $0.1 million of other items.