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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
NET SALES $ 54,165 $ 38,258 $ 99,740 $ 68,615
COST OF PRODUCTS SOLD 38,692 29,000 73,964 52,373
Gross profit 15,473 9,258 25,776 16,242
COSTS AND EXPENSES:        
General and administrative expenses 4,194 3,358 7,869 6,503
Selling and distribution expenses 3,911 2,550 7,638 4,871
Amortization of purchased intangible assets 1,471 1,264 2,876 2,537
Total costs and expenses 9,576 7,172 18,383 13,911
INCOME FROM OPERATIONS 5,897 2,086 7,393 2,331
OTHER INCOME (EXPENSE):        
Gain on step acquisition of joint ventures   2,117   2,117
Other income (expense), net (136) (110) (339) 31
Interest expense (486) (662) (896) (1,806)
Interest income   29 3 65
Equity in earnings of joint ventures   86   255
INCOME BEFORE INCOME TAXES 5,275 3,546 6,161 2,993
INCOME TAX PROVISION 1,418 505 1,565 351
NET INCOME 3,857 3,041 4,596 2,642
Less: Net income (loss) attributable to noncontrolling interest (11) 5 (23) 17
NET INCOME ATTRIBUTABLE TO DYNAMIC MATERIALS CORPORATION $ 3,868 $ 3,036 $ 4,619 $ 2,625
INCOME PER SHARE:        
Basic (in dollars per share) $ 0.29 $ 0.23 $ 0.35 $ 0.20
Diluted (in dollars per share) $ 0.29 $ 0.23 $ 0.35 $ 0.20
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic (in shares) 13,060,456 12,774,316 13,059,782 12,742,589
Diluted (in shares) 13,070,536 12,786,976 13,069,834 12,755,565
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.04 $ 0.04 $ 0.08 $ 0.08