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Quarterly Results of Operations (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Results of Operations (Unaudited)
The following table presents our quarterly results of operations for the years ended December 31, 2013 and 2012:
 
First
 
Second
 
Third
 
Fourth
 
(Dollars in thousands, except per share data)
2013 (1) 
 
 
 
 
 
 
 
Net sales
$
795,741

 
$
880,029

 
$
1,167,921

 
$
864,827

Gross profit
111,273

 
128,160

 
187,825

 
119,984

Net income
25,433

 
59,529

 
77,175

 
23,276

 
 
 
 
 
 
 
 
Basic net income per share (3)
$
0.38

 
$
0.93

 
$
1.22

 
$
0.37

Diluted net income per share (3)
0.38

 
0.93

 
1.21

 
0.36

 
 
 
 
 
 
 
 
Dividends per share
$
0.14

 
$
0.14

 
$
0.14

 
$
0.14

 
 
 
 
 
 
 
 
2012 (2)  
 
 
 
 
 
 
 
Net sales
$
768,357

 
$
821,611

 
$
1,139,547

 
$
858,803

Gross profit
114,045

 
115,329

 
178,771

 
109,414

Net income
32,750

 
10,580

 
78,657

 
29,359

 
 
 
 
 
 
 
 
Basic net income per share (3)
$
0.47

 
$
0.15

 
$
1.13

 
$
0.42

Diluted net income per share (3)
0.47

 
0.15

 
1.13

 
0.42

 
 
 
 
 
 
 
 
Dividends per share
$
0.12

 
$
0.12

 
$
0.12

 
$
0.12


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(1) 
The first, second, third and fourth quarters of 2013 include rationalization charges of $1.4 million, $0.9 million, $1.3 million and $8.4 million, respectively. The first quarter of 2013 includes plant start-up costs of $0.8 million. The first, third and fourth quarters of 2013 include costs attributable to announced acquisitions of $0.2 million and $1.0 million and $0.3 million, respectively. The first quarter of 2013 includes a loss on early extinguishment of debt of $2.1 million and a charge of $3.0 million for the remeasurement of net assets in Venezuela due to a currency devaluation.
(2) 
The first, second, third and fourth quarters of 2012 include rationalization charges of $3.6 million, $0.2 million, $2.0 million and $2.9 million, respectively. The first, second, third and fourth quarters of 2012 include plant start-up costs of $1.0 million, $1.9 million, $1.4 million and $2.1 million, respectively. The second and third quarters of 2012 include costs attributable to announced acquisitions of $0.7 million and $0.8 million, respectively. The second quarter of 2012 includes a loss on early extinguishment of debt of $38.7 million.
(3)
Net income per share data is computed independently for each of the periods presented. Accordingly, the sum of the quarterly earnings per share amounts may not equal the total for the year.