XML 69 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 808.8 $ 696.0 $ 657.7
Cost of products sold 649.7 570.6 537.7
Gross profit 159.1 125.4 120.0
Selling, general and administrative expenses 77.4 68.2 69.3
Acquisition integration costs 5.8    
SERP settlement charge 3.5    
Loss on retirement of bonds 0.6 2.4  
Gain on sale of the Ripon Mill     (3.4)
Other (income) expense - net 1.4 (1.8) (1.0)
Operating income 70.4 56.6 55.1
Interest expense 13.5 15.6 20.5
Interest income (0.1) (0.3) (0.2)
Income from continuing operations before income taxes 57.0 41.3 34.8
Provision for income taxes 17.1 12.0 9.8
Income from continuing operations 39.9 29.3 25.0
Income (loss) from discontinued operations, net of taxes (Note 12) 4.4 (0.2) 134.1
Net income $ 44.3 $ 29.1 $ 159.1
Basic      
Continuing operations (in dollars per share) $ 2.46 $ 1.91 $ 1.69
Discontinued operations (in dollars per share) $ 0.27 $ (0.01) $ 9.05
Total Basic (in dollars per share) $ 2.73 $ 1.90 $ 10.74
Diluted      
Continuing operations (in dollars per share) $ 2.41 $ 1.82 $ 1.61
Discontinued operations (in dollars per share) $ 0.27 $ (0.01) $ 8.60
Total Diluted (in dollars per share) $ 2.68 $ 1.81 $ 10.21
Weighted Average Common Shares Outstanding (in thousands)      
Basic (in shares) 15,752 14,974 14,744
Diluted (in shares) 16,072 15,649 15,512