XML 41 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Change in Accounting Principle: Inventories (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Sep. 30, 2013
Change in Accounting Method for Inventory Valuation
Effect of Change in Accounting Principle
Sep. 30, 2013
Change in Accounting Method for Inventory Valuation
Effect of Change in Accounting Principle
Dec. 31, 2013
Change in Accounting Method for Inventory Valuation
Effect of Change in Accounting Principle
Dec. 31, 2012
Change in Accounting Method for Inventory Valuation
Effect of Change in Accounting Principle
Sep. 30, 2014
Pro Forma Effect Had Inventory Change Not Been Made
Change in Accounting Method for Inventory Valuation
Sep. 30, 2014
Pro Forma Effect Had Inventory Change Not Been Made
Change in Accounting Method for Inventory Valuation
Sep. 30, 2013
As Previously Reported (under LIFO)
Sep. 30, 2013
As Previously Reported (under LIFO)
Dec. 31, 2013
As Previously Reported (under LIFO)
Consolidated Statements of Income and Comprehensive Income                            
Cost of sales $ (1,198,607) $ (617,841) $ (3,486,108) $ (1,792,782)   $ 822 $ 6,503         $ (618,663) [1] $ (1,799,285) [1]  
Gross profit 320,333 227,599 932,545 608,095   822 6,503         226,777 [1] 601,592 [1]  
Income from operations 188,378 [2] 142,782 529,534 [2] 358,979   822 6,503         141,960 [1] 352,476 [1]  
Income before taxes 165,267 [2] 130,932 464,223 [2] 328,646   822 6,503         130,110 [1] 322,143 [1]  
Provision for income taxes (60,822) (46,250) (170,135) (115,418)   (320) (2,533)         (45,930) [1] (112,885) [1]  
Net income 104,445 84,682 294,088 213,228   502 3,970     1,700 1,500 84,180 [1] 209,258 [1]  
Comprehensive income 104,831 93,902 298,168 241,176   502 3,970         93,400 [1] 237,206 [1]  
Net income per common share:                            
Basic (in dollars per share) $ 1.06 $ 0.88 $ 2.99 $ 2.21   $ 0.01 $ 0.04         $ 0.87 [1] $ 2.17 [1]  
Diluted (in dollars per share) $ 1.06 $ 0.87 $ 2.99 $ 2.19   $ 0.01 $ 0.04         $ 0.86 [1] $ 2.15 [1]  
Consolidated Balance Sheet                            
Inventories 616,962   616,962   594,291     71,768   (69,300) (69,300)     522,523
Deferred income tax assets 32,280   32,280   47,616     (27,963)           75,579
Retained earnings 1,184,155   1,184,155   1,019,101     43,805 38,800         975,296
Consolidated Statement of Cash Flows                            
Net income 104,445 84,682 294,088 213,228   502 3,970     1,700 1,500 84,180 [1] 209,258 [1]  
Deferred income tax provision     17,427 6,137     2,533           3,604  
Inventories     $ (22,520) $ (4,628)     $ (6,503)           $ 1,875  
[1] Certain amounts in prior periods' consolidated financial statements have been reclassified to conform with the current period presentation.
[2] On October 25, 2013, we acquired Boise. The 2014 results include Boise for the full period.