XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 723,473 $ 670,824 $ 2,107,298 $ 1,965,805
Cost of sales (560,921) (533,077) (1,641,619) (1,558,016)
Gross profit 162,552 137,747 465,679 407,789
Selling and administrative expenses (51,529) (48,914) (156,339) (145,058)
Corporate overhead (16,990) (16,424) (51,614) (48,329)
Alternative fuel mixture credits     95,500  
Other expense, net (1,961) (1,229) (8,186) (9,460)
Income from operations 92,072 71,180 345,040 204,942
Interest expense, net (30,590) (6,727) (53,529) (19,951)
Income before taxes 61,482 64,453 291,511 184,991
Provision for income taxes (21,691) (22,676) (188,722) (66,429)
Net income 39,791 41,777 102,789 118,562
Weighted average common shares outstanding:        
Basic 96,360 99,020 96,408 99,945
Diluted 97,349 100,030 97,520 101,030
Net income per common share:        
Basic $ 0.41 $ 0.42 $ 1.07 $ 1.19
Diluted $ 0.41 $ 0.42 $ 1.05 $ 1.17
Dividends declared per common share $ 0.25 $ 0.20 $ 0.75 $ 0.60
Other comprehensive income (loss), net of tax:        
Fair value adjustments to cash flow hedges   (25,468) (10,183) (19,746)
Reclassification adjustment for cash flow hedges included in net income (605) (283) 977 (846)
Amortization of pension and postretirement plans actuarial loss and prior service cost 1,672 951 5,016 2,853
Other comprehensive income (loss) 1,067 (24,800) (4,190) (17,739)
Comprehensive income $ 40,858 $ 16,977 $ 98,599 $ 100,823