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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 696.0 $ 657.7 $ 573.9
Cost of products sold 570.6 537.7 472.3
Gross profit 125.4 120.0 101.6
Selling, general and administrative expenses 68.2 69.3 69.1
Other income - net (1.8) (1.0) (1.0)
Loss on retirement of bonds 2.4    
Loss (gain) on closure and sale of the Ripon Mill   (3.4) 17.1
Operating income 56.6 55.1 16.4
Interest expense 15.6 20.5 23.4
Interest income (0.3) (0.2) (0.2)
Income (loss) from continuing operations before income taxes 41.3 34.8 (6.8)
Provision (benefit) for income taxes 12.0 9.8 (5.0)
Income (loss) from continuing operations 29.3 25.0 (1.8)
Income (loss) from discontinued operations, net of taxes (Note 4) (0.2) 134.1 0.6
Net income (loss) $ 29.1 $ 159.1 $ (1.2)
Basic      
Continuing operations (in dollars per share) $ 1.91 $ 1.69 $ (0.12)
Discontinued operations (in dollars per share) $ (0.01) $ 9.05 $ 0.04
Total Basic (in dollars per share) $ 1.90 $ 10.74 $ (0.08)
Diluted      
Continuing operations (in dollars per share) $ 1.82 $ 1.61 $ (0.12)
Discontinued operations (in dollars per share) $ (0.01) $ 8.60 $ 0.04
Total Diluted (in dollars per share) $ 1.81 $ 10.21 $ (0.08)
Weighted Average Common Shares Outstanding (in thousands)      
Basic (in shares) 14,974 14,744 14,655
Diluted (in shares) 15,649 15,512 14,655