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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
SALES $ 434,306 $ 408,988 $ 371,926 $ 355,780 $ 388,423 $ 385,091 $ 357,397 $ 357,731 $ 1,571,000 $ 1,488,642 $ 1,315,233
Costs and Expenses                      
Cost of sales                 1,104,805 1,073,732 990,099
Selling and general expenses                 68,397 66,541 67,102
Other operating income, net (Note 14)                 (13,103) (3,829) (10,519)
Costs and Expenses, Total                 1,160,099 1,136,444 1,046,682
Equity in income of New Zealand joint venture                 550 4,088 1,033
OPERATING INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE                 411,451 356,286 269,584
Gain on sale of a portion of interest in New Zealand joint venture (Note 5)                 0 0 12,367
OPERATING INCOME 115,678 113,174 98,590 84,009 81,325 [1] 108,310 79,073 87,578 411,451 356,286 281,951
Interest expense                 (44,981) (50,775) (50,463)
Interest and miscellaneous income, net                 606 851 1,315
INCOME BEFORE INCOME TAXES                 367,076 306,362 232,803
Income tax expense                 (88,391) (30,357) (15,217)
NET INCOME 75,609 80,560 69,079 53,437 56,230 [1] 104,909 [2] 56,454 58,412 278,685 276,005 217,586
OTHER COMPREHENSIVE INCOME (LOSS)                      
Foreign currency translation adjustment                 4,352 3,546 4,162
New Zealand joint venture cash flow hedges                 213 (2,373) 837
(Loss) gain from pension and postretirement plans, net of income tax (expense) benefit of ($339), $20,665, and $1,570                 (496) (46,263) 6,385
Total other comprehensive income (loss)                 4,069 (45,090) 11,384
COMPREHENSIVE INCOME                 $ 282,754 $ 230,915 $ 228,970
EARNINGS PER COMMON SHARE                      
Basic earnings per share $ 0.61 $ 0.66 $ 0.56 $ 0.44 $ 0.46 $ 0.86 $ 0.46 $ 0.48 $ 2.27 $ 2.27 $ 1.81
Diluted earnings per share $ 0.59 $ 0.62 $ 0.54 $ 0.42 $ 0.45 $ 0.84 $ 0.45 $ 0.47 $ 2.17 $ 2.20 $ 1.79
Dividends per share                 $ 1.68 $ 1.52 $ 1.36
[1] Fourth quarter 2011 included a pre-tax expense of $6.5 million ($4.1 million after tax) due to an increase in a disposition reserve.
[2] Third quarter 2011 included a benefit of $16.0 million from the reversal of a reserve related to the taxability of the AFMC.