ALBANY INTERNATIONAL CORP /DE/ - FORM 8-K - EX-99.4 - EFFECT OF CHANGES ON THE INCOME STATEMENT FOR THE SECOND QUARTER OF 2011 - July 20, 2012

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - ALBANY INTERNATIONAL CORP /DE/Financial_Report.xls
EX-99.3 - EFFECT OF CHANGES FOR THE FOURTH QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-3.htm
EX-99.2 - EFFECT OF CHANGES FOR THE THIRD QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-2.htm
EX-99.5 - EFFECT OF CHANGES ON THE INCOME STATEMENT FOR THE THIRD QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-5.htm
EX-99.1 - EFFECT OF CHANGES FOR THE SECOND QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-1.htm
EX-99.8 - SCHEDULES SHOWING EBITDA AND ADJUSTED EBITDA - ALBANY INTERNATIONAL CORP /DE/e49190ex99-8.htm
EX-99.6 - EFFECT OF CHANGES ON THE INCOME STATEMENT FOR THE FOURTH QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-6.htm
8-K - CURRENT REPORT - ALBANY INTERNATIONAL CORP /DE/e49190_8k.htm
EX-99.7 - SCHEDULE SHOWING THE EFFECT ON ITEM 6 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-7.htm

99.4   Effect of changes on the Income Statement for the second quarter of 2011 (000's, except per share amounts).

 

  As reported               
  Three months ended  Reclassify ADS  Reclassify Primaloft     Q2 2011  Six months ended
  June 30,  to discontinued  to discontinued  Other  reported in  June 30, 2011
  2011  operations  operations  reclassifications  2012 format  in 2012 format
                              
Net sales $244,015   ($45,393)  ($8,941)       $189,681   $389,635 
Cost of goods sold  149,115    (29,219)   (4,155)        115,741    230,507 
                              
Gross profit  94,900    (16,174)   (4,786)   -    73,940    159,128 
  Selling, general, and administrative expenses  58,359    (11,519)   (1,437)        45,403    91,370 
  Technical, product engineering, and research expenses  15,367    (817)   (224)        14,326    28,439 
  Restructuring and other, net  2,092    (361)   -         1,731    1,765 
  Pension settlement expense  -    -    -         -    - 
                              
Operating income  19,082    (3,477)   (3,125)   -    12,480    37,554 
  Interest expense, net  4,786    -    -         4,786    9,562 
  Other expense, net  55    (49)   -    1    7    4,820 
                              
Income before income taxes  14,241    (3,428)   (3,125)   (1)   7,687    23,172 
  Income tax expense/(benefit)  5,359    (1,039)   (1,181)        3,139    6,406 
                              
Income from continuing operations before earnings of associated companies  8,882    (2,389)   (1,944)   (1)   4,548    16,766 
Equity in losses from associated companies  120    (119)   -    (1)   -    - 
                              
Income from continuing operations  8,762    (2,270)   (1,944)   -    4,548    16,766 
                              
  Income from operations of discontinued business       3,309    3,125         6,434    12,991 
  Gain on sale of discontinued business  -    -    -         -    0 
  Income tax expense on discontinued operations  -    1,039    1,181         2,220    4,262 
Income from discontinued operations  -    2,270    1,944         4,214    8,729 
Net income $8,762   $-   $-   $-   $8,762   $25,495 
                              
Earnings per share - Basic                             
(Loss)/income from continuing operations $0.28                  $0.15   $0.54 
Discontinued operations  0.00                   0.13    0.28 
Net (loss)/income $0.28                  $0.28   $0.82 
                              
Earnings per share - Diluted                             
(Loss)/income from continuing operations $0.28                  $0.14   $0.53 
Discontinued operations  0.00                   0.14    0.28 
Net (loss)/income $0.28                  $0.28   $0.81 
                              
Shares used in computing earnings per share:                             
  Basic  31,263                   31,263    31,243 
  Diluted  31,489                   31,489    31,455 

ALBANY INTERNATIONAL CORP /DE/ Reports