XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 288,775 $ 295,998 $ 554,540 $ 575,266
Cost of products sold 155,170 160,143 301,213 318,706
Gross profit 133,605 135,855 253,327 256,560
Selling, general and administrative 73,943 75,716 149,926 154,911
Research and development 11,933 11,144 22,931 21,507
Restructuring charges (Note 4) 967 1,338 13,706 1,808
Currency exchange losses (gains), net 2,851 (242) 3,431 1,708
Other operating expense (Note 18) 29,610 0 29,610 0
Operating income 14,301 47,899 33,723 76,626
Interest expense 3,014 4,201 6,605 8,103
Other income, net (425) (775) (1,080) (1,663)
Total other expense, net 2,589 3,426 5,525 6,440
Income from continuing operations before income taxes 11,712 44,473 28,198 70,186
(Benefit) provision for income taxes (Note 10) (902) 15,026 894 27,537
Income from continuing operations 12,614 29,447 27,304 42,649
Income from discontinued operations (Note 19) 0 2,484 0 1,355
Net income 12,614 31,931 27,304 44,004
Net income attributable to noncontrolling interests (82) (848) (359) (1,170)
Net income attributable to MSA Safety Incorporated 12,532 31,083 26,945 42,834
Amounts attributable to MSA Safety Incorporated common shareholders:        
Income from continuing operations 12,532 29,306 26,945 41,989
Income from discontinued operations (Note 19) 0 1,777 0 845
Net income attributable to MSA Safety Incorporated $ 12,532 $ 31,083 $ 26,945 $ 42,834
Basic        
Income from continuing operations, basic (dollars per share) $ 0.33 $ 0.78 $ 0.71 $ 1.12
Income from discontinued operations, basic (dollars per share) (Note 19) 0.00 0.05 0.00 0.02
Net income, basic (dollars per share) 0.33 0.83 0.71 1.14
Diluted        
Income from continuing operations, diluted (dollars per share) 0.32 0.77 0.70 1.11
Income from discontinued operations, diluted (dollars per share) (Note 19) 0.00 0.05 0.00 0.02
Net income, diluted (dollars per share) 0.32 0.82 0.70 1.13
Dividends per common share (dollars per share) $ 0.35 $ 0.33 $ 0.68 $ 0.65