XML 63 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 29, 2013
Jun. 30, 2014
Jun. 29, 2013
Income Statement [Abstract]        
Net sales $ 215,198 $ 181,095 $ 425,336 $ 366,245
Cost of sales 148,728 126,676 297,070 256,327
Gross profit 66,470 54,419 128,266 109,918
Operating expenses:        
Selling, general and administrative expenses 40,499 32,628 78,761 65,070
Research and development expenses 4,012 3,214 7,901 6,148
Restructuring costs 0 238 0 558
Total operating expenses 44,511 36,080 86,662 71,776
Income from operations 21,959 18,339 41,604 38,142
Other non-operating income and expense:        
Interest expense, net 2,972 2,658 5,991 5,263
Other non-operating expense (income), net 225 144 759 97
Total other non-operating income expense, net 3,197 2,802 6,750 5,360
Income before income taxes 18,762 15,537 34,854 32,782
Provision for income taxes 5,944 4,861 10,673 10,247
Net income 12,818 10,676 24,181 22,535
Net (income) loss attributable to non-controlling interest (21) 13 (19) 34
Net income attributable to Altra Industrial Motion Corp. $ 12,797 $ 10,689 $ 24,162 $ 22,569
Weighted average shares, basic (in shares) 26,816 26,733 26,823 26,737
Weighted average shares, diluted (in shares) 27,546 26,751 27,647 26,820
Net income per share:        
Basic net income attributable to Altra Industrial Motion Corp. (in usd per share) $ 0.48 $ 0.40 $ 0.90 $ 0.84
Diluted net income attributable to Altra Industrial Motion Corp. (in usd per share) $ 0.46 $ 0.40 $ 0.87 $ 0.84
Cash dividend declared (in usd per share) $ 0.12 $ 0.10 $ 0.22 $ 0.18