XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales $ 173,132 $ 183,053 $ 536,259 $ 573,024
Cost of sales 118,957 127,253 369,254 398,765
Gross profit 54,175 55,800 167,005 174,259
Operating expenses:        
Selling, general and administrative expenses 36,142 34,279 105,548 105,733
Research and development expenses 4,267 4,210 13,345 13,506
Restructuring costs 3,397 651 6,591 4,994
Total operating expenses 43,806 39,140 125,484 124,233
Income from operations 10,369 16,660 41,521 50,026
Other non-operating income and expense:        
Interest expense, net 2,815 2,924 8,615 8,858
Other non-operating expense (income), net 45 685 (438) 606
Total other non-operating expense, net 2,860 3,609 8,177 9,464
Income before income taxes 7,509 13,051 33,344 40,562
Provision for income taxes 2,196 2,830 9,872 11,326
Net income 5,313 10,221 23,472 29,236
Net loss attributable to non-controlling interest 0 0 0 63
Net income attributable to Altra Industrial Motion Corp. $ 5,313 $ 10,221 $ 23,472 $ 29,299
Weighted average shares, basic 25,726 26,145 25,684 26,140
Weighted average shares, diluted 26,021 26,145 25,813 26,184
Net income per share:        
Basic net income attributable to Altra Industrial Motion Corp. $ 0.21 $ 0.39 $ 0.91 $ 1.12
Diluted net income attributable to Altra Industrial Motion Corp. 0.20 0.39 0.91 1.12
Cash dividend declared $ 0.15 $ 0.15 $ 0.45 $ 0.42