XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statement of Income - USD ($)
$ 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 $ 278,233 $ 273,746 $ 853,499 $ 817,465
Cost of products sold 149,471 153,965 468,177 450,372
Gross profit 128,762 119,781 385,322 367,093
Selling, general and administrative 72,945 72,727 227,856 231,683
Research and development 13,116 12,532 34,623 36,430
Restructuring and other charges (Note 4) 1,889 3,740 3,697 4,698
Currency exchange losses, net 790 4,327 2,498 3,336
Operating income 40,022 26,455 116,648 90,946
Interest expense 4,412 2,827 12,515 7,802
Other (income), net (2,041) (431) (3,704) (1,166)
Total other expense, net 2,371 2,396 8,811 6,636
Income from continuing operations before income taxes 37,651 24,059 107,837 84,310
Provision for income taxes (Note 10) 11,329 8,935 38,866 36,669
Income from continuing operations 26,322 15,124 68,971 47,641
(Loss) income from discontinued operations (Note 19) (1,300) 462 55 1,240
Net income 25,022 15,586 69,026 48,881
Net (income) loss attributable to noncontrolling interests (836) 390 (2,006) 1,075
Net income attributable to MSA Safety Incorporated 24,186 15,976 67,020 49,956
Amounts attributable to MSA Safety Incorporated common shareholders:        
Income from continuing operations 25,486 15,712 67,475 48,750
(Loss) income from discontinued operations (Note 19) (1,300) 264 (455) 1,206
Net income attributable to MSA Safety Incorporated $ 24,186 $ 15,976 $ 67,020 $ 49,956
Basic        
Income from continuing operations, basic (dollars per share) $ 0.68 $ 0.42 $ 1.80 $ 1.30
(Loss) income from discontinued operations, basic (dollars per share) (Note 19) (0.04) 0.01 (0.01) 0.03
Net income, basic (dollars per share) 0.64 0.43 1.79 1.33
Diluted        
Income from continuing operations, diluted (dollars per share) 0.67 0.41 1.77 1.29
(Loss) income from discontinued operations, diluted (dollars per share) (Note 19) (0.04) 0.01 (0.01) 0.03
Net income, diluted (dollars per share) 0.63 0.42 1.76 1.32
Dividends per common share (dollars per share) $ 0.33 $ 0.32 $ 0.98 $ 0.95