|
As reported | |
| |
| |
| |
| |
|
|
Three months ended | |
Reclassify ADS | |
Reclassify Primaloft | |
| |
Q3 2011 | |
Nine months ended |
|
September 30, | |
to discontinued | |
to discontinued | |
Other | |
reported in | |
September 30, 2011 |
|
2011 | |
operations | |
operations | |
reclassifications | |
2012 format | |
in 2012 format |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Net sales |
| $250,012 | | |
| ($43,276 | ) | |
| ($6,484 | ) | |
| | | |
| $200,252 | | |
| $589,887 | |
Cost of goods sold |
| 154,254 | | |
| (28,806 | ) | |
| (3,258 | ) | |
| | | |
| 122,190 | | |
| 352,697 | |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Gross profit |
| 95,758 | | |
| (14,470 | ) | |
| (3,226 | ) | |
| - | | |
| 78,062 | | |
| 237,190 | |
Selling, general, and administrative expenses |
| 48,840 | | |
| (11,143 | ) | |
| (1,750 | ) | |
| | | |
| 35,947 | | |
| 127,317 | |
Technical, product engineering, and research expenses |
| 13,685 | | |
| (748 | ) | |
| (271 | ) | |
| | | |
| 12,666 | | |
| 41,105 | |
Restructuring and other, net |
| 2,705 | | |
| (14 | ) | |
| - | | |
| | | |
| 2,691 | | |
| 4,456 | |
Pension settlement expense |
| - | | |
| - | | |
| - | | |
| | | |
| - | | |
| - | |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Operating income |
| 30,528 | | |
| (2,565 | ) | |
| (1,205 | ) | |
| - | | |
| 26,758 | | |
| 64,312 | |
Interest expense, net |
| 4,377 | | |
| - | | |
| - | | |
| | | |
| 4,377 | | |
| 13,939 | |
Other expense, net |
| 374 | | |
| (323 | ) | |
| - | | |
| (60 | ) | |
| (9 | ) | |
| 4,811 | |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Income before income taxes |
| 25,777 | | |
| (2,242 | ) | |
| (1,205 | ) | |
| 60 | | |
| 22,390 | | |
| 45,562 | |
Income tax expense/(benefit) |
| 9,032 | | |
| (679 | ) | |
| (455 | ) | |
| | | |
| 7,897 | | |
| 14,303 | |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Income from continuing operations before earnings of associated companies |
| 16,745 | | |
| (1,563 | ) | |
| (750 | ) | |
| 60 | | |
| 14,493 | | |
| 31,259 | |
Equity in losses from associated companies |
| 71 | | |
| (131 | ) | |
| - | | |
| 60 | | |
| - | | |
| - | |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Income from continuing operations |
| 16,674 | | |
| (1,432 | ) | |
| (750 | ) | |
| - | | |
| 14,493 | | |
| 31,259 | |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Income from operations of discontinued business |
| | | |
| 2,111 | | |
| 1,205 | | |
| | | |
| 3,316 | | |
| 16,307 | |
Gain on sale of discontinued business |
| - | | |
| - | | |
| - | | |
| | | |
| - | | |
| 0 | |
Income tax expense on discontinued operations |
| - | | |
| 679 | | |
| 455 | | |
| | | |
| 1,135 | | |
| 5,397 | |
Income from discontinued operations |
| - | | |
| 1,432 | | |
| 750 | | |
| | | |
| 2,181 | | |
| 10,910 | |
Net income |
| $16,674 | | |
$ | - | | |
$ | - | | |
$ | - | | |
| $16,674 | | |
| $42,169 | |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Earnings per share - Basic |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
(Loss)/income from continuing operations |
| $0.53 | | |
| | | |
| | | |
| | | |
| 0.46 | | |
| $1.00 | |
Discontinued operations |
| 0.00 | | |
| | | |
| | | |
| | | |
| 0.07 | | |
| 0.35 | |
Net (loss)/income |
| $0.53 | | |
| | | |
| | | |
| | | |
| 0.53 | | |
| $1.35 | |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Earnings per share - Diluted |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
(Loss)/income from continuing operations |
| $0.53 | | |
| | | |
| | | |
| | | |
| 0.46 | | |
| $0.99 | |
Discontinued operations |
| 0.00 | | |
| | | |
| | | |
| | | |
| 0.07 | | |
| $0.35 | |
Net (loss)/income |
| $0.53 | | |
| | | |
| | | |
| | | |
| 0.53 | | |
| $1.34 | |
|
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Shares used in computing earnings per share: |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Basic |
| 31,278 | | |
| | | |
| | | |
| | | |
| 31,278 | | |
| 31,255 | |
Diluted |
| 31,462 | | |
| | | |
| | | |
| | | |
| 31,462 | | |
| 31,476 | |