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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 1,518,940 $ 845,440 $ 4,418,653 $ 2,400,877
Cost of sales (1,198,607) (617,841) (3,486,108) (1,792,782)
Gross profit 320,333 227,599 932,545 608,095
Selling, general, and administrative expenses (119,645) (77,096) (359,007) (226,606)
Other expense, net (12,310) (7,721) (44,004) (22,510)
Income from operations 188,378 [1] 142,782 529,534 [1] 358,979
Interest expense, net (23,111) [1],[2] (11,850) [3] (65,311) [1],[2] (30,333) [3]
Income before taxes 165,267 [1] 130,932 464,223 [1] 328,646
Income tax provision (60,822) (46,250) (170,135) (115,418)
Net income 104,445 84,682 294,088 213,228
Net income per common share:        
Basic (in dollars per share) $ 1.06 $ 0.88 $ 2.99 $ 2.21
Diluted (in dollars per share) $ 1.06 $ 0.87 $ 2.99 $ 2.19
Dividends declared per common share $ 0.40 $ 0.40 $ 1.20 $ 1.11
Statements of Comprehensive Income:        
Net income 104,445 84,682 294,088 213,228
Foreign currency translation adjustment, net of tax of ($106), $0, ($76), and $0, respectively (1,564) 0 (1,656) 0
Reclassification adjustments to cash flow hedges included in net income, net of tax of $553, $552, $1,668, and $1,658, respectively 870 870 2,599 2,609
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $685, $2,153, $2,157, and $7,574, respectively 1,080 3,387 3,137 11,921
Changes in unfunded employee benefit obligation, net of tax of $0, $3,152, $0, and $8,522, respectively 0 4,963 0 13,418
Other comprehensive income 386 9,220 4,080 27,948
Comprehensive income $ 104,831 $ 93,902 $ 298,168 $ 241,176
[1] On October 25, 2013, we acquired Boise. The 2014 results include Boise for the full period.
[2] Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 10, Debt.
[3] Includes $2.7 million of acquisition-related costs primarily related to financing the acquisition of Boise.