XML 39 R2.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 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
SALES $ 408,988 $ 385,091 $ 1,136,694 $ 1,100,218  
Costs and Expenses          
Cost of sales 278,651 266,184 794,519 786,467  
Selling and general expenses 15,837 15,762 51,705 48,187  
Other operating expense (income), net (Note 15) 1,392 (4,171) (5,054) (5,580)  
Costs and Expenses, Total 295,880 277,775 841,170 829,074  
Equity in income of New Zealand joint venture 66 994 250 3,817  
OPERATING INCOME 113,174 108,310 295,774 274,961  
Interest expense (8,253) (12,356) (36,133) (38,300)  
Interest and miscellaneous income, net 234 331 294 935  
INCOME BEFORE INCOME TAXES 105,155 96,285 259,935 237,596  
Income tax (expense) benefit (24,595) 8,624 (56,859) (17,822)  
NET INCOME 80,560 104,909 203,076 219,774 276,005
OTHER COMPREHENSIVE INCOME (LOSS)          
Foreign currency translation adjustment 5,373 3,584 3,115 11,314 3,546
New Zealand joint venture cash flow hedges 878 (630) 86 (498) (2,373)
Amortization of losses from pension and postretirement plans, net of income tax expense of $1,482, $1,017, $4,332 and $2,871 3,401 2,261 9,943 6,449 (46,263)
Total other comprehensive income 9,652 5,215 13,144 17,265  
COMPREHENSIVE INCOME $ 90,212 $ 110,124 $ 216,220 $ 237,039  
EARNINGS PER COMMON SHARE (Note 2)          
Basic earnings per share $ 0.66 $ 0.86 $ 1.66 $ 1.81  
Diluted earnings per share $ 0.62 $ 0.84 $ 1.58 $ 1.75  
Dividends per share $ 0.44 $ 0.40 $ 1.24 $ 1.12 $ 1.52