|Three Months||Three Months||Twelve Months||Twelve Months|
|September 30,||September 30,||September 30,||September 30,|
|Earnings per diluted share||$||1.14||$||1.17||$||3.45||$||2.77|
|Restructuring and other costs and operating losses and|
|transition costs due to plant closures||0.19||0.35||0.80||1.32|
|Loss on extinguishment of debt||0.06||―||0.23||0.50|
|Non-cash loss on Canadian intercompany note||―||0.15||―||0.17|
|Acquisition inventory step-up||―||0.03||―||0.74|
|Adjusted earnings per diluted share||$||1.39||$||1.70||$||4.48||$||5.50|
- Net sales of $2,353.8 million for the fourth quarter of fiscal 2012 decreased $109.7 million compared to the fourth quarter of fiscal 2011.
- Segment income, adjusted to eliminate $0.2 million of pre-tax acquisition inventory step-up, was $208.8 million down $32.2 million or 13.4% over the prior year quarter after adjusting the prior year quarter to eliminate $4.0 million of pre-tax acquisition inventory step-up. Segment income in the fourth quarter of fiscal 2012 included $18.2 million received in connection with the termination and settlement of a paperboard supply agreement, net of legal fees in the period, that was mostly offset by $16.8 million of primarily higher start-up costs and lost production after the major capital investments at our Hodge, LA mill relative to our expectations at the beginning of the quarter.
- RockTenn’s restructuring and other costs and operating losses and transition costs due to plant closures, net of related noncontrolling interest were $0.19 per diluted share after-tax, for the fourth quarter of fiscal 2012. These costs consisted primarily of $11.5 million of pre-tax integration and acquisition costs, including professional services, employee and other costs, and $11.4 million of pre-tax facility closure charges primarily related to corrugated container and recycled facilities acquired in the Smurfit-Stone Acquisition.
- RockTenn’s loss on extinguishment of debt was $6.3 million, or $0.06 per diluted share in connection with the September 11, 2012 issuance of $350 million 3.50% March 2020 and $350 million 4.00% March 2023 senior notes and the extension and amendment of our Credit Agreement. The expense was primarily related to unamortized deferred financing costs.