XML 43 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Continuing Operations        
Net sales $ 257.4 $ 243.1 $ 493.0 $ 461.7
Cost of sales 182.8 181.1 353.8 341.3
Gross profit 74.6 62.0 139.2 120.4
Selling, general and administrative expenses 43.6 41.0 86.9 80.1
Operating profit 31.0 21.0 52.3 40.3
Other income (expense):        
Interest expense, net (2.7) (2.7) (5.4) (5.3)
Other, net (0.5) 0.5 (2.7) 0.1
Total other income (expense), net (3.2) (2.2) (8.1) (5.2)
Income before income taxes and income (loss) from affiliates and joint ventures 27.8 18.8 44.2 35.1
Income tax expense 7.6 5.7 11.9 9.6
Income before income (loss) from affiliates and joint ventures 20.2 13.1 32.3 25.5
Income (loss) from affiliates and joint ventures 1.1 (0.1) 2.3 0.9
Income (loss) from continuing operations 21.3 13.0 34.6 26.4
Discontinued Operations        
Income (loss) on discontinued operations   0.2   0.1
Net income (loss) 21.3 13.2 34.6 26.5
Net income (loss) attributable to noncontrolling interests (0.3)   (0.2)  
Net income (loss) attributable to AMCOL shareholders 21.6 13.2 34.8 26.5
Weighted average common shares outstanding 32.0 31.7 32.0 31.6
Weighted average common and common equivalent shares outstanding 32.3 32.2 32.3 32.1
Amounts attributable to AMCOL shareholders        
Income from continuing operations, net of tax 21.6 13.0 34.8 26.4
Discontinued operations, net of tax   0.2   0.1
Net income $ 21.6 $ 13.2 $ 34.8 $ 26.5
Basic earnings (loss) per share:        
Continuing operations $ 0.67 $ 0.41 $ 1.09 $ 0.84
Discontinued operations   $ 0.01    
Net income $ 0.67 $ 0.42 $ 1.09 $ 0.84
Diluted earnings (loss) per share:        
Continuing operations $ 0.67 $ 0.40 $ 1.08 $ 0.83
Discontinued operations   $ 0.01    
Net income $ 0.67 $ 0.41 $ 1.08 $ 0.83
Dividends declared per share $ 0.18 $ 0.18 $ 0.36 $ 0.36