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Quarterly Data (Unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Data (Unaudited) [Abstract]  
Quarterly Data (Unaudited)
21. Quarterly Data (Unaudited)

 

 

                                                 
    Net Sales     Gross Profit     Net Income
(Loss)
    Net Income
(Loss)
Attributable
to Ferro
Corporation
    Earnings (Loss) Attributable
to Ferro Corporation
Common Shareholders Per
Common Share
 
                Basic             Diluted      
    (Dollars in thousands, except per share data)  

2010

                                               

Quarter 1

  $ 492,865     $ 106,934     $ (812   $ (68   $     $  

Quarter 2

    543,485       122,330       7,594       7,100       0.08       0.08  

Quarter 3

    528,564       120,296       (2,362     (3,345     (0.04     (0.04

Quarter 4

    536,951       109,105       2,853       2,009       0.02       0.02  

Total

  $ 2,101,865     $ 458,665     $ 7,273     $ 5,696     $ 0.06     $ 0.06  

2011

                                               

Quarter 1

  $ 573,009     $ 120,326     $ 23,191     $ 22,890     $ 0.26     $ 0.26  

Quarter 2

    593,974       114,347       19,621       19,389       0.23       0.22  

Quarter 3

    546,114       103,810          18,222          18,182          0.21          0.21  

Quarter 4

    442,695       74,704       (28,667     (28,824     (0.33     (0.33

Total

  $   2,155,792     $   413,187     $ 32,367     $ 31,637     $ 0.37     $ 0.36  

Quarterly earnings per share amounts do not always add to the full-year amounts due to the averaging of shares.

Pre-tax restructuring and impairment charges in 2010 were $13.3 million in the first quarter, $21.2 million in the second quarter, $9.6 million in the third quarter, and $19.6 million in the fourth quarter. Pre-tax restructuring and impairment charges in 2011 were $1.6 million in the first quarter, $1.5 million in the second quarter, $0.9 million in the third quarter and $13.0 million in the fourth quarter. Pre-tax losses on extinguishment of debt in 2010 were $19.3 million in the third quarter and $3.7 million in the fourth quarter. Pre-tax losses on extinguishment of debt in 2011 were less than $0.1 million in the fourth quarter. Pre-tax charges for increased reserves for environmental remediation costs in 2010 were $3.5 million in the second quarter and $5.7 million in the fourth quarter. Pre-tax gains related to a business combination in 2010 were $7.8 million in the second quarter and $0.5 million in the fourth quarter. The third quarter of 2010 also included a pre-tax charge of $6.8 million related to settlement of interest rate swaps. The fourth quarter of 2010 also included a pre-tax gain of $1.2 million on sale of a business.