Attached files
99.6 Effect of changes on the Income Statement for the fourth quarter of 2011 (000’s, except per share amounts).
As reported Three months ended December 31, 2011 | Reclassify Primaloft to discontinued operations | Other reclassifications | Q4 2011 reported in 2012 format | Year ended December 31, 2011 in 2012 format | |||||||||||
Net sales | $202,617 | ($5,217 | ) | $197,400 | $787,287 | ||||||||||
Cost of goods sold | 122,515 | (2,091 | ) | 120,424 | 473,121 | ||||||||||
Gross profit | 80,102 | (3,126 | ) | - | 76,976 | 314,166 | |||||||||
Selling, general, and administrative expenses | 47,791 | (713 | ) | 47,078 | 174,395 | ||||||||||
Technical, product engineering, and research expenses | 14,925 | (184 | ) | 14,741 | 55,846 | ||||||||||
Restructuring and other, net | 4,861 | - | 4,861 | 9,317 | |||||||||||
Pension settlement expense | - | - | - | - | |||||||||||
Operating income | 12,525 | (2,229 | ) | - | 10,296 | 74,608 | |||||||||
Interest expense, net | 4,182 | - | 4,182 | 18,121 | |||||||||||
Other (income)/expense, net | (2,163 | ) | - | (9 | ) | (2,172 | ) | 2,639 | |||||||
Income before income taxes | 10,506 | (2,229 | ) | 9 | 8,286 | 53,848 | |||||||||
Income tax expense/(benefit) | 19,118 | (840 | ) | 18,278 | 32,582 | ||||||||||
Income from continuing operations before earnings of associated companies | (8,612 | ) | (1,389 | ) | 9 | (9,992 | ) | 21,266 | |||||||
Equity in (earnings)/losses from associated companies | (9 | ) | - | 9 | - | - | |||||||||
Income from continuing operations | (8,603 | ) | (1,389 | ) | - | (9,992 | ) | 21,266 | |||||||
Income from operations of discontinued business | 5,565 | 2,229 | 7,794 | 24,101 | |||||||||||
Gain on sale of discontinued business | - | - | - | 0 | |||||||||||
Income tax expense on discontinued operations | 4,193 | 840 | 5,033 | 10,429 | |||||||||||
Income from discontinued operations | 1,372 | 1,389 | 2,761 | 13,672 | |||||||||||
Net income | ($7,231 | ) | $ - | $ - | ($7,231 | ) | $34,938 | ||||||||
Earnings per share - Basic | |||||||||||||||
(Loss)/income from continuing operations | ($0.28 | ) | ($0.32 | ) | $0.68 | ||||||||||
Discontinued operations | 0.05 | 0.09 | 0.44 | ||||||||||||
Net (loss)/income | ($0.23 | ) | ($0.23 | ) | $1.12 | ||||||||||
Earnings per share - Diluted | |||||||||||||||
(Loss)/income from continuing operations | ($0.28 | ) | ($0.32 | ) | $0.67 | ||||||||||
Discontinued operations | 0.05 | $0.09 | $0.44 | ||||||||||||
Net (loss)/income | ($0.23 | ) | ($0.23 | ) | $1.11 | ||||||||||
Shares used in computing earnings per share: | |||||||||||||||
Basic | 31,283 | 31,283 | 31,262 | ||||||||||||
Diluted | 31,283 | 31,283 | 31,510 |