Correction of Errors in Previously Reported Financial Statements (Tables)

6 Months Ended

Jun. 30, 2012

Correction of Errors in Previously Reported Financial Statements [Abstract]

Increased (decreased) net income available to AMCOL shareholders

Adjustments by category and increase (decrease) to Net income available to AMCOL sharesholders attributable to each category	Prior to 2009			Twelve Months Ended December 31,									Three Months Ended March 31, 2012			Total
				2009			2010			2011
Spain	$	-		$	(0.8	)	$	(0.6	)	$	(1.1	)	$	(0.3	)	$	(2.8	)
South Africa		-			(0.3	)		-			(0.5	)		-			(0.8	)
Malaysia		-			-			(0.4	)		0.7			-			0.3
DongMing		0.2			0.1			0.2			(0.5	)		-			-
Tax		(0.5	)		0.1			(1.2	)		1.5			0.3			0.2
Other		(0.3	)		(0.7	)		0.6			0.4			0.4			0.4
Total	$	(0.6	)	$	(1.6	)	$	(1.4	)	$	0.5		$	0.4		$	(2.7	)

Condensed consolidated statements of operations

				Year Ended December 31, 2009
				Adjustments
	Previously Reported			Spain			South Africa			DongMing			Tax			Other			Total			As Adjusted
Continuing Operations
Net sales	$	691.9		$	-		$	-		$	-		$	-		$	(3.7	)	$	(3.7	)	$	688.2
Cost of sales		505.6			0.7			0.5									(3.8	)		(2.6	)		503.0
Gross profit		186.3			(0.7	)		(0.5	)		-			-			0.1			(1.1	)		185.2
Selling, general and administrative expenses		133.4			0.3			0.1			(0.1	)					1.5			1.8			135.2
Operating profit		52.9			(1.0	)		(0.6	)		0.1			-			(1.4	)		(2.9	)		50.0
Other income (expense):
Interest expense, net		(12.2	)														0.2			0.2			(12.0	)
Other, net		(0.9	)														0.6			0.6			(0.3	)
		(13.1	)		-			-			-			-			0.8			0.8			(12.3	)
Income before income taxes and income (loss) from affiliates and joint ventures		39.8			(1.0	)		(0.6	)		0.1			-			(0.6	)		(2.1	)		37.7
Income tax expense (benefit)		5.3			(0.2	)		(0.1	)		-			(0.1	)		-			(0.4	)		4.9
Income before income (loss) from affiliates and joint ventures		34.5			(0.8	)		(0.5	)		0.1			0.1			(0.6	)		(1.7	)		32.8
Income (loss) from affiliates and joint ventures		0.1															(0.1	)		(0.1	)		-
Income (loss) from continuing operations		34.6			(0.8	)		(0.5	)		0.1			0.1			(0.7	)		(1.8	)		32.8
Discontinued Operations
Income (loss) on discontinued operations		0.3															-			-			0.3
Net income (loss)		34.9			(0.8	)		(0.5	)		0.1			0.1			(0.7	)		(1.8	)		33.1
Net income (loss) attributable to noncontrolling interests		0.1						(0.2	)								-			(0.2	)		(0.1	)
Net income (loss) attributable to AMCOL shareholders	$	34.8		$	(0.8	)	$	(0.3	)	$	0.1		$	0.1		$	(0.7	)	$	(1.6	)	$	33.2
Weighted average common shares outstanding		30.8																		30.8			30.8
Weighted average common and common equivalent shares outstanding		31.0																		31.0			31.0
Amounts attributable to AMCOL shareholders
Income from continuing operations, net of tax	$	34.5																	$	(1.6	)	$	32.9
Discontinued operations, net of tax		0.3																		-			0.3
Net income	$	34.8																	$	(1.6	)	$	33.2
Earnings per share attributable to AMCOL shareholders:
Basic earnings (loss) per share:
Continuing operations	$	1.12																	$	(0.05	)	$	1.07
Discontinued operations		0.01																		-			0.01
Net income	$	1.13																	$	(0.05	)	$	1.08
Diluted earnings (loss) per share:
Continuing operations	$	1.11																	$	(0.05	)	$	1.06
Discontinued operations		0.01																		-			0.01
Net income	$	1.12																	$	(0.05	)	$	1.07

	Year Ended December 31, 2010
				Adjustments
	Previously Reported			Spain			South Africa			Malaysia			DongMing			Tax			Other			Total			As Adjusted
Continuing Operations
Net sales	$	841.0		$	-		$	-		$	(0.6	)	$	-		$	-		$	(14.2	)	$	(14.8	)	$	826.2
Cost of sales		624.1			0.6															(12.7	)		(12.1	)		612.0
Gross profit		216.9			(0.6	)		-			(0.6	)		-			-			(1.5	)		(2.7	)		214.2
Selling, general and administrative expenses		146.9						(0.1	)					(0.3	)					(1.5	)		(1.9	)		145.0
Operating profit		70.0			(0.6	)		0.1			(0.6	)		0.3			-			(0.0	)		(0.8	)		69.2
Other income (expense):
Interest expense, net		(9.7	)																	0.1			0.1			(9.6	)
Other, net		1.2																		0.1			0.1			1.3
		(8.5	)		-			-			-			-			-			0.2			0.2			(8.3	)
Income before income taxes and income (loss) from affiliates and joint ventures		61.5			(0.6	)		0.1			(0.6	)		0.3			-			0.2			(0.6	)		60.9
Income tax expense (benefit)		19.4						0.1			(0.2	)		0.1			1.2			0.2			1.4			20.8
Income before income (loss) from affiliates and joint ventures		42.1			(0.6	)		-			(0.4	)		0.2			(1.2	)		(0.0	)		(2.0	)		40.1
Income (loss) from affiliates and joint ventures		(11.3	)																	0.2			0.2			(11.1	)
Income (loss) from continuing operations		30.8			(0.6	)		-			(0.4	)		0.2			(1.2	)		0.2			(1.8	)		29.0
Discontinued Operations
Income (loss) on discontinued operations		(0.9	)																	-			-			(0.9	)
Net income (loss)		29.9			(0.6	)		-			(0.4	)		0.2			(1.2	)		0.2			(1.8	)		28.1
Net income (loss) attributable to noncontrolling interests		(0.4	)																	(0.4	)		(0.4	)		(0.8	)
Net income (loss) attributable to AMCOL shareholders	$	30.3		$	(0.6	)	$	-		$	(0.4	)	$	0.2		$	(1.2	)	$	0.6		$	(1.4	)	$	28.9
Weighted average common shares outstanding		31.2																					31.2			31.2
Weighted average common and common equivalent shares outstanding		31.5																					31.5			31.5
Amounts attributable to AMCOL shareholders
Income from continuing operations, net of tax	$	31.2																				$	(1.4	)	$	29.8
Discontinued operations, net of tax		(0.9	)																				-			(0.9	)
Net income	$	30.3																				$	(1.4	)	$	28.9
Earnings per share attributable to AMCOL shareholders:
Basic earnings (loss) per share:
Continuing operations	$	1.00																				$	(0.04	)	$	0.96
Discontinued operations		(0.03	)																				-			(0.03	)
Net income	$	0.97																				$	(0.04	)	$	0.93
Diluted earnings (loss) per share:
Continuing operations	$	0.99																				$	(0.04	)	$	0.95
Discontinued operations		(0.03	)																				-			(0.03	)
Net income	$	0.96																				$	(0.04	)	$	0.92

	Year Ended December 31, 2011
				Adjustments
	Previously Reported			Spain			South Africa			Malaysia			DongMing			Tax			Other			Total			As Adjusted
Continuing Operations
Net sales	$	942.4		$	-		$	-		$	0.6		$	-		$	-		$	0.8		$	1.4		$	943.8
Cost of sales		689.5			1.2			0.3			-			-			-			(0.1	)		1.4			690.9
Gross profit		252.9			(1.2	)		(0.3	)		0.6			-			-			0.9			-			252.9
Selling, general and administrative expenses		165.2			0.1			-			(0.2	)		0.7			-			-			0.6			165.8
Operating profit		87.7			(1.3	)		(0.3	)		0.8			(0.7	)		-			0.9			(0.6	)		87.1
Other income (expense):
Interest expense, net		(11.5	)		-			-			-			-			-			0.2			0.2			(11.3	)
Other, net		0.2			-			-			-			-			-			-			-			0.2
		(11.3	)		-			-			-			-			-			0.2			0.2			(11.1	)
Income before income taxes and income (loss) from affiliates and joint ventures		76.4			(1.3	)		(0.3	)		0.8			(0.7	)		-			1.1			(0.4	)		76.0
Income tax expense (benefit)		21.8			(0.2	)		0.3			0.1			(0.2	)		(1.8	)		0.5			(1.3	)		20.5
Income before income (loss) from affiliates and joint ventures		54.6			(1.1	)		(0.6	)		0.7			(0.5	)		1.8			0.6			0.9			55.5
Income (loss) from affiliates and joint ventures		5.5												-			(0.3	)		0.1			(0.2	)		5.3
Income (loss) from continuing operations		60.1			(1.1	)		(0.6	)		0.7			(0.5	)		1.5			0.7			0.7			60.8
Discontinued Operations
Income (loss) on discontinued operations		(0.9	)																	(0.3	)		(0.3	)		(1.2	)
Net income (loss)		59.2			(1.1	)		(0.6	)		0.7			(0.5	)		1.5			0.4			0.4			59.6
Net income (loss) attributable to noncontrolling interests		0.1			-			(0.1	)		-			-			-			-			(0.1	)		-
Net income (loss) attributable to AMCOL shareholders	$	59.1		$	(1.1	)	$	(0.5	)	$	0.7		$	(0.5	)	$	1.5		$	0.4		$	0.5		$	59.6
Weighted average common shares outstanding		31.7																					31.7			31.7
Weighted average common and common equivalent shares outstanding		32.1																					32.1			32.1
Amounts attributable to AMCOL shareholders
Income from continuing operations, net of tax	$	60.0																				$	0.8		$	60.8
Discontinued operations, net of tax		(0.9	)																				(0.3	)		(1.2	)
Net income	$	59.1																				$	0.5		$	59.6
Earnings per share attributable to AMCOL shareholders:
Basic earnings (loss) per share:
Continuing operations	$	1.89																				$	0.03		$	1.92
Discontinued operations		(0.03	)																				(0.01	)		(0.04	)
Net income	$	1.86																				$	0.02		$	1.88
Diluted earnings (loss) per share:
Continuing operations	$	1.87																				$	0.02		$	1.89
Discontinued operations		(0.03	)																				(0.01	)		(0.04	)
Net income	$	1.84																				$	0.01		$	1.85

	Quarter Ended March 31, 2011
	Previously Reported			Adjustments																			As Adjusted
				Spain			South Africa			Malaysia		DongMing		Tax			Other			Total
Continuing Operations
Net sales	$	217.8		$	-		$	-		$	0.6	$	-	$	-		$	0.2		$	0.8		$	218.6
Cost of sales		160.1			0.3			0.1										(0.3	)		0.1			160.2
Gross profit		57.7			(0.3	)		(0.1	)		0.6		-		-			0.5			0.7			58.4
Selling, general and administrative expenses		39.1																-						39.1
Operating profit		18.6			(0.3	)		(0.1	)		0.6		-		-			0.5			0.7			19.3
Other income (expense):
Interest expense, net		(2.7	)															0.1			0.1			(2.6	)
Other, net		(0.4	)															-						(0.4	)
		(3.1	)		-			-			-		-		-			0.1			0.1			(3.0	)
Income before income taxes and income (loss) from affiliates and joint ventures		15.5			(0.3	)		(0.1	)		0.6		-		-			0.6			0.8			16.3
Income tax expense (benefit)		4.3						0.1			0.1				(0.5	)		(0.1	)		(0.4	)		3.9
Income before income (loss) from affiliates and joint ventures		11.2			(0.3	)		(0.2	)		0.5		-		0.5			0.7			1.2			12.4
Income (loss) from affiliates and joint ventures		1.1													(0.1	)		-			(0.1	)		1.0
Income (loss) from continuing operations		12.3			(0.3	)		(0.2	)		0.5		-		0.4			0.7			1.1			13.4
Discontinued Operations
Income (loss) on discontinued operations		(0.1	)															-						(0.1	)
Net income (loss)		12.2			(0.3	)		(0.2	)		0.5		-		0.4			0.7			1.1			13.3
Net income (loss) attributable to noncontrolling interests		-																-						-
Net income (loss) attributable to AMCOL shareholders	$	12.2		$	(0.3	)	$	(0.2	)	$	0.5	$	-	$	0.4		$	0.7		$	1.1		$	13.3
Weighted average common shares outstanding		31.5																			31.5			31.5
Weighted average common and common equivalent shares outstanding		32.0																			32.0			32.0
Amounts attributable to AMCOL shareholders
Income from continuing operations, net of tax	$	12.3																		$	1.1		$	13.4
Discontinued operations, net of tax		(0.1	)																		-			(0.1	)
Net income	$	12.2																		$	1.1		$	13.3
Earnings per share attributable to AMCOL shareholders:
Basic earnings (loss) per share:
Continuing operations	$	0.39																		$	0.03		$	0.42
Discontinued operations		-																			-			-
Net income	$	0.39																		$	0.03		$	0.42
Diluted earnings (loss) per share:
Continuing operations	$	0.38																		$	0.04		$	0.42
Discontinued operations		-																			-			-
Net income	$	0.38																		$	0.04		$	0.42

	Quarter Ended June 30, 2011
				Adjustments
	Previously Reported			Spain			South Africa			Malaysia		DongMing			Tax		Other			Total			As Adjusted
Continuing Operations
Net sales	$	242.8		$	-		$	-		$	-	$	-		$	-	$	0.3		$	0.3		$	243.1
Cost of sales		180.7			0.3			0.1										-			0.4			181.1
Gross profit		62.1			(0.3	)		(0.1	)		-		-			-		0.3			(0.1	)		62.0
Selling, general and administrative expenses		40.3											0.7					-			0.7			41.0
Operating profit		21.8			(0.3	)		(0.1	)		-		(0.7	)		-		0.3			(0.8	)		21.0
Other income (expense):
Interest expense, net		(2.8	)															0.1			0.1			(2.7	)
Other, net		0.5																-						0.5
		(2.3	)		-			-			-		-			-		0.1			0.1			(2.2	)
Income before income taxes and income (loss) from affiliates and joint ventures		19.5			(0.3	)		(0.1	)		-		(0.7	)		-		0.4			(0.7	)		18.8
Income tax expense (benefit)		5.9						0.1					(0.2	)				(0.1	)		(0.2	)		5.7
Income before income (loss) from affiliates and joint ventures		13.6			(0.3	)		(0.2	)		-		(0.5	)		-		0.5			(0.5	)		13.1
Income (loss) from affiliates and joint ventures		(0.1	)															-						(0.1	)
Income (loss) from continuing operations		13.5			(0.3	)		(0.2	)		-		(0.5	)		-		0.5			(0.5	)		13.0
Discontinued Operations
Income (loss) on discontinued operations		0.2																-						0.2
Net income (loss)		13.7			(0.3	)		(0.2	)		-		(0.5	)		-		0.5			(0.5	)		13.2
Net income (loss) attributable to noncontrolling interests		-																-						-
Net income (loss) attributable to AMCOL shareholders	$	13.7		$	(0.3	)	$	(0.2	)	$	-	$	(0.5	)	$	-	$	0.5		$	(0.5	)	$	13.2
Weighted average common shares outstanding		31.7																			31.7			31.7
Weighted average common and common equivalent shares outstanding		32.2																			32.2			32.2
Amounts attributable to AMCOL shareholders
Income from continuing operations, net of tax	$	13.5																		$	(0.5	)	$	13.0
Discontinued operations, net of tax		0.2																			-			0.2
Net income	$	13.7																		$	(0.5	)	$	13.2
Earnings per share attributable to AMCOL shareholders:
Basic earnings (loss) per share:
Continuing operations	$	0.42																		$	(0.01	)	$	0.41
Discontinued operations		0.01																			-			0.01
Net income	$	0.43																		$	(0.01	)	$	0.42
Diluted earnings (loss) per share:
Continuing operations	$	0.42																		$	(0.02	)	$	0.40
Discontinued operations		0.01																			-			0.01
Net income	$	0.43																		$	(0.02	)	$	0.41

	Six Months Ended June 30, 2011
				Adjustments
	Previously Reported			Spain			South Africa			Malaysia		DongMing			Tax			Other			Total			As Adjusted
Continuing Operations
Net sales	$	460.6		$	-		$	-		$	0.6	$	-		$	-		$	0.5		$	1.1		$	461.7
Cost of sales		340.8			0.6			0.2			-		-			-			(0.3	)		0.5			341.3
Gross profit		119.8			(0.6	)		(0.2	)		0.6		-			-			0.8			0.6			120.4
Selling, general and administrative expenses		79.4			-			-			-		0.7			-			-			0.7			80.1
Operating profit		40.4			(0.6	)		(0.2	)		0.6		(0.7	)		-			0.8			(0.1	)		40.3
Other income (expense):
Interest expense, net		(5.5	)		-			-			-		-			-			0.2			0.2			(5.3	)
Other, net		0.1			-			-			-		-			-			-			-			0.1
		(5.4	)		-			-			-		-			-			0.2			0.2			(5.2	)
Income before income taxes and income (loss) from affiliates and joint ventures		35.0			(0.6	)		(0.2	)		0.6		(0.7	)		-			1.0			0.1			35.1
Income tax expense (benefit)		10.2			-			0.2			0.1		(0.2	)		(0.5	)		(0.2	)		(0.6	)		9.6
Income before income (loss) from affiliates and joint ventures		24.8			(0.6	)		(0.4	)		0.5		(0.5	)		0.5			1.2			0.7			25.5
Income (loss) from affiliates and joint ventures		1.0			-			-			-		-			(0.1	)		-			(0.1	)		0.9
Income (loss) from continuing operations		25.8			(0.6	)		(0.4	)		0.5		(0.5	)		0.4			1.2			0.6			26.4
Discontinued Operations
Income (loss) on discontinued operations		0.1			-			-			-		-			-			-			-			0.1
Net income (loss)		25.9			(0.6	)		(0.4	)		0.5		(0.5	)		0.4			1.2			0.6			26.5
Net income (loss) attributable to noncontrolling interests		-			-			-			-		-			-			-			-			-
Net income (loss) attributable to AMCOL shareholders	$	25.9		$	(0.6	)	$	(0.4	)	$	0.5	$	(0.5	)	$	0.4		$	1.2		$	0.6		$	26.5
Weighted average common shares outstanding		31.6																				31.6			31.6
Weighted average common and common equivalent shares outstanding		32.1																				32.1			32.1
Amounts attributable to AMCOL shareholders
Income from continuing operations, net of tax	$	25.8																			$	0.6		$	26.4
Discontinued operations, net of tax		0.1																				-			0.1
Net income	$	25.9																			$	0.6		$	26.5
Earnings per share attributable to AMCOL shareholders:
Basic earnings (loss) per share:
Continuing operations	$	0.82																			$	0.02		$	0.84
Discontinued operations		-																				-			-
Net income	$	0.82																			$	0.02		$	0.84
Diluted earnings (loss) per share:
Continuing operations	$	0.81																			$	0.02		$	0.83
Discontinued operations		-																				-			-
Net income	$	0.81																			$	0.02		$	0.83

	Quarter Ended March 31, 2012
	Previously Reported			Adjustments																	As Adjusted
				Spain			South Africa			Malaysia		Tax			Other			Total
Continuing Operations
Net sales	$	235.8		$	-		$	-		$	-	$	-		$	(0.2	)	$	(0.2	)	$	235.6
Cost of sales		170.7			0.4			0.1								(0.2	)		0.3			171.0
Gross profit		65.1			(0.4	)		(0.1	)		-		-			-			(0.5	)		64.6
Selling, general and administrative expenses		43.6			(0.2	)										(0.1	)		(0.3	)		43.3
Operating profit		21.5			(0.2	)		(0.1	)		-		-			0.1			(0.2	)		21.3
Other income (expense):
Interest expense, net		(2.7	)													-						(2.7	)
Other, net		(2.1	)													(0.1	)		(0.1	)		(2.2	)
		(4.8	)		-			-			-		-			(0.1	)		(0.1	)		(4.9	)
Income before income taxes and income (loss) from affiliates and joint ventures		16.7			(0.2	)		(0.1	)		-		-			-			(0.3	)		16.4
Income tax expense (benefit)		4.8			0.1			(0.1	)				(0.3	)		(0.2	)		(0.5	)		4.3
Income before income (loss) from affiliates and joint ventures		11.9			(0.3	)		-			-		0.3			0.2			0.2			12.1
Income (loss) from affiliates and joint ventures		1.2														-						1.2
Income (loss) from continuing operations		13.1			(0.3	)		-			-		0.3			0.2			0.2			13.3
Discontinued Operations
Income (loss) on discontinued operations		(0.2	)													0.2			0.2			-
Net income (loss)		12.9			(0.3	)		-			-		0.3			0.4			0.4			13.3
Net income (loss) attributable to noncontrolling interests		0.1														-						0.1
Net income (loss) attributable to AMCOL shareholders	$	12.8		$	(0.3	)	$	-		$	-	$	0.3		$	0.4		$	0.4		$	13.2
Weighted average common shares outstanding		32.0																	32.0			32.0
Weighted average common and common equivalent shares outstanding		32.3																	32.3			32.3
Amounts attributable to AMCOL shareholders
Income from continuing operations, net of tax	$	13.0																$	0.2		$	13.2
Discontinued operations, net of tax		(0.2	)																0.2			-
Net income	$	12.8																$	0.4		$	13.2
Earnings per share attributable to AMCOL shareholders:
Basic earnings (loss) per share:
Continuing operations	$	0.41																$	-		$	0.41
Discontinued operations		(0.01	)																0.01			-
Net income	$	0.40																$	0.01		$	0.41
Diluted earnings (loss) per share:
Continuing operations	$	0.41																$	-		$	0.41
Discontinued operations		(0.01	)																0.01			-
Net income	$	0.40																$	0.01		$	0.41

Condensed consolidated balance sheets

ASSETS	December 31, 2010
			Adjustments
	Previously Reported		Spain			South Africa		Malaysia			DongMing		Tax		Other			Total			As Adjusted
Current assets:
Cash and cash equivalents	$	27.3	$	-		$	-	$	-		$	-	$	-	$	(0.5	)	$	(0.5	)	$	26.8
Accounts receivable, net		194.0		(0.4	)				(1.1	)						(2.4	)		(3.9	)		190.1
Inventories		107.5		(1.0	)											(0.9	)		(1.9	)		105.6
Prepaid expenses		12.6														0.4			0.4			13.0
Deferred income taxes		5.5														-						5.5
Income tax receivable		8.5														-						8.5
Other		6.2														-						6.2
Total current assets		361.6		(1.4	)		-		(1.1	)		-		-		(3.4	)		(5.9	)		355.7
Noncurrent assets:
Property, plant, equipment, and mineral rights and reserves:
Land		11.6														(0.7	)		(0.7	)		10.9
Mineral rights		51.4					13.6									-			13.6			65.0
Depreciable assets		454.4														(2.1	)		(2.1	)		452.3
		517.4		-			13.6		-			-		-		(2.8	)		10.8			528.2
Less: accumulated depreciation and depletion		256.9														(0.2	)		(0.2	)		256.7
		260.5		-			13.6		-			-		-		(2.6	)		11.0			271.5
Goodwill		70.9																				70.9
Intangible assets, net		42.6														(0.7	)		(0.7	)		41.9
Investment in and advances to affiliates and joint ventures		19.0														1.9			1.9			20.9
Available-for-sale securities		14.2														-						14.2
Deferred income taxes		7.6					1.6									-			1.6			9.2
Other assets		22.7							0.5							0.3			0.8			23.5
																-
Total noncurrent assets		437.5		-			15.2		0.5			-		-		(1.1	)		14.6			452.1
Total Assets	$	799.1	$	(1.4	)	$	15.2	$	(0.6	)	$	-	$	-	$	(4.5	)	$	8.7		$	807.8

LIABILITIES AND SHAREHOLDERS’ EQUITY	December 31, 2010
				Adjustments
	Previously Reported			Spain			South Africa			Malaysia			DongMing			Tax			Other			Total			As Adjusted
Current liabilities:
Accounts payable	$	53.2		$	-		$	-		$	-		$	(0.7	)				$	(1.1	)	$	(1.8	)	$	51.4
Accrued income taxes		4.1			(0.1	)					(0.2	)		0.2			1.2			(0.1	)		1.0			5.1
Accrued liabilities		55.2			0.1															(0.1	)					55.2
Total current liabilities		112.5			-			-			(0.2	)		(0.5	)		1.2			(1.3	)		(0.8	)		111.7
Noncurrent liabilities:
Long-term debt		236.2																		(0.5	)		(0.5	)		235.7
Pension liabilities		21.3																		-						21.3
Deferred compensation		8.7																		0.3			0.3			9.0
Deferred income tax		0.4						15.8									0.4			-			16.2			16.6
Other long-term liabilities		19.6																		(1.2	)		(1.2	)		18.4
Total noncurrent liabilities		286.2			-			15.8			-			-			0.4			(1.4	)		14.8			301.0
Shareholders’ Equity:
Common stock		0.3																		-						0.3
Additional paid in capital		95.1																		-						95.1
Retained earnings		283.2			(1.4	)		(0.3	)		(0.4	)		0.5			(1.6	)		(0.4	)		(3.6	)		279.6
Accumulated other comprehensive income (loss)		28.9						(0.1	)											(0.1	)		(0.2	)		28.7
Less: Treasury stock		(8.9	)																	-						(8.9	)
Total AMCOL shareholders’ equity		398.6			(1.4	)		(0.4	)		(0.4	)		0.5			(1.6	)		(0.5	)		(3.8	)		394.8
Noncontrolling interest		1.8						(0.2	)											(1.3	)		(1.5	)		0.3
Total equity		400.4			(1.4	)		(0.6	)		(0.4	)		0.5			(1.6	)		(1.8	)		(5.3	)		395.1
Total Liabilities and Shareholders’ Equity	$	799.1		$	(1.4	)	$	15.2		$	(0.6	)	$	-		$	-		$	(4.5	)	$	8.7		$	807.8

ASSETS	December 31, 2011
			Adjustments
	Previously Reported		Spain			South Africa		Malaysia			DongMing		Tax		Other			Total			As Adjusted
Current assets:
Cash and cash equivalents	$	23.7	$	-		$	-	$	-		$	-	$	-	$	-		$	-		$	23.7
Accounts receivable, net		206.8		(1.6	)				(0.7	)						0.3			(2.0	)	$	204.8
Inventories		146.6		(1.8	)		0.2									(0.2	)		(1.8	)		144.8
Prepaid expenses		15.7														-						15.7
Deferred income taxes		5.9														-						5.9
Income tax receivable		6.9														-						6.9
Other		6.7														(0.6	)		(0.6	)		6.1
Total current assets		412.3		(3.4	)		0.2		(0.7	)		-		-		(0.5	)		(4.4	)		407.9
Noncurrent assets:
Property, plant, equipment, and mineral rights and reserves:
Land		13.9																				13.9
Mineral rights		41.9					10.6									-			10.6			52.5
Depreciable assets		482.3														0.3			0.3			482.6
		538.1		-			10.6		-			-		-		0.3			10.9			549.0
Less: accumulated depreciation and depletion		275.5														-						275.5
		262.6		-			10.6		-			-		-		0.3			10.9			273.5
Goodwill		69.5																				69.5
Intangible assets, net		36.6														-						36.6
Investment in and advances to affiliates and joint ventures		26.4														-						26.4
Available-for-sale securities		3.8														-						3.8
Deferred income taxes		7.8					0.7									-			0.7			8.5
Other assets		23.7							0.7							-			0.7			24.4
Total noncurrent assets		430.4		-			11.3		0.7			-		-		0.3			12.3			442.7
Total Assets	$	842.7	$	(3.4	)	$	11.5	$	-		$	-	$	-	$	(0.2	)	$	7.9		$	850.6

LIABILITIES AND SHAREHOLDERS’ EQUITY	December 31, 2011
				Adjustments
	Previously Reported			Spain			South Africa			Malaysia			DongMing		Tax			Other			Total			As Adjusted
Current liabilities:
Accounts payable	$	56.4		$	-		$	-		$	-		$	-	$	-		$	0.1		$	0.1		$	56.5
Accrued income taxes		2.7			(0.3	)		0.1								0.1			(0.2	)		(0.3	)		2.4
Accrued liabilities		59.0			(0.8	)					(0.3	)							-			(1.1	)		57.9
Total current liabilities		118.1			(1.1	)		0.1			(0.3	)		-		0.1			(0.1	)		(1.3	)		116.8
Noncurrent liabilities:
Long-term debt		260.7																	-						260.7
Pension liabilities		34.8																	-						34.8
Deferred compensation		8.9																	-						8.9
Deferred income tax		0.8						12.6			-					-			0.1			12.7			13.5
Other long-term liabilities		19.2																	-						19.2
Total noncurrent liabilities		324.4			-			12.6			-			-		-			0.1			12.7			337.1
Shareholders’ Equity:
Common stock		0.3																	-						0.3
Additional paid in capital		94.5						(0.2	)										-			(0.2	)		94.3
Retained earnings		319.5			(2.5	)		(0.9	)		0.3					(0.1	)		0.1			(3.1	)		(316.4	)
Accumulated other comprehensive income (loss)		(14.9	)		0.2														(0.3	)		(0.1	)		(15.0	)
Less: Treasury stock		(3.4	)																-						(3.4	)
Total AMCOL shareholders’ equity		396.0			(2.3	)		(1.1	)		0.3			-		(0.1	)		(0.2	)		(3.4	)		392.6
Noncontrolling interest		4.2						(0.1	)										-			(0.1	)		4.1
Total equity		400.2			(2.3	)		(1.2	)		0.3			-		(0.1	)		(0.2	)		(3.5	)		396.7
Total Liabilities and Shareholders’ Equity	$	842.7		$	(3.4	)	$	11.5		$	-		$	-	$	-		$	(0.2	)	$	7.9		$	850.6

Condensed consolidated statements of cash flows

	Year Ended December 31, 2010
	Previously Reported			Adjustments			As Adjusted
Net cash provided by (used in) operating activities	$	48.1		$	0.1		$	48.2
Net cash (used in) investing activities		(48.1	)		(0.6	)		(48.7	)
Net cash provided by (used in) financing activities		(0.8	)		-			(0.8	)
Effect of foreign currency rate changes on cash		0.4			-			0.4
Net increase (decrease) in cash and cash equivalents		(0.4	)		(0.5	)		(0.9	)
Cash and cash equivalents at beginning of period		27.7			-			27.7
Cash and cash equivalents at end of period	$	27.3		$	(0.5	)	$	26.8

	Year Ended December 31, 2011
	Previously reported			Adjustments			As Adjusted
Net cash provided by (used in) operating activities	$	38.6		$	0.2		$	38.8
Net cash (used in) investing activities		(54.7	)		0.5			(54.2	)
Net cash provided by (used in) financing activities		11.6			(0.2	)		11.4
Effect of foreign currency rate changes on cash		0.9			-			0.9
Net increase (decrease) in cash and cash equivalents		(3.6	)		0.5			(3.1	)
Cash and cash equivalents at beginning of period		27.3			(0.5	)		26.8
Cash and cash equivalents at end of period	$	23.7		$	-		$	23.7

	Three Months Ended March 31, 2011									Six Months Ended June 30, 2011
	Previously Reported			Adjustments			As Adjusted			Previously Reported			Adjustments			As Adjusted
Net cash provided by (used in) operating activities	$	10.3		$	-		$	10.3		$	13.9		$	0.1		$	14.0
Net cash (used in) investing activities		(10.3	)		0.5			(9.8	)		(24.4	)		0.5			(23.9	)
Net cash provided by (used in) financing activities		(6.3	)		-			(6.3	)		0.4			(0.1	)		0.3
Effect of foreign currency rate changes on cash		0.2			-			0.2			0.7			-			0.7
Net increase (decrease) in cash and cash equivalents		(6.1	)		0.5			(5.6	)		(9.4	)		0.5			(8.9	)
Cash and cash equivalents at beginning of period		27.3			(0.5	)		26.8			27.3			(0.5	)		26.8
Cash and cash equivalents at end of period	$	21.2		$	-		$	21.2		$	17.9		$	-		$	17.9

	Three Months Ended March 31, 2012
	Previously Reported			Adjustments			As Adjusted
Net cash provided by (used in) operating activities	$	20.6		$	0.3		$	20.9
Net cash (used in) investing activities		(15.3	)		(0.1	)		(15.4	)
Net cash provided by (used in) financing activities		(12.1	)		(0.2	)		(12.3	)
Net increase (decrease) in cash and cash equivalents		(6.8	)		-			(6.8	)
Cash and cash equivalents at beginning of period		23.7			-			23.7
Cash and cash equivalents at end of period	$	16.9		$	-		$	16.9