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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Selected Quarterly Financial Data (Unaudited)  
Schedule of selected Quarterly Financial Data (Unaudited)

 

 

 

Three Months Ended

 

 

 

March 31

 

June 30

 

September 30

 

December 31

 

2013

 

 

 

 

 

 

 

 

 

Net sales

 

$

1,079,805

 

$

1,136,067

 

$

1,153,062

 

$

1,245,735

 

Gross profit

 

337,892

 

359,788

 

363,848

 

389,306

 

Operating income

 

206,957

 

224,013

 

224,483

(2)

241,360

(3)

Net income attributable to Amphenol Corporation

 

153,007

(1)

153,988

 

160,798

(2)

167,879

(3)

Net income per common share—Basic

 

0.96

(1)

0.96

 

1.01

(2)

1.06

(3)

Net income per common share—Diluted

 

0.94

(1)

0.95

 

0.99

(2)

1.04

(3)

2012

 

 

 

 

 

 

 

 

 

Net sales

 

$

981,604

 

$

1,061,107

 

$

1,103,376

 

$

1,145,978

 

Gross profit

 

309,271

 

334,161

 

344,329

 

355,451

 

Operating income

 

185,279

 

206,176

 

215,670

 

221,220

(4)

Net income attributable to Amphenol Corporation

 

126,563

 

140,942

 

147,450

 

140,362

(4)

Net income per common share—Basic

 

0.78

 

0.87

 

0.91

 

0.88

(4)

Net income per common share—Diluted

 

0.77

 

0.86

 

0.90

 

0.86

(4)

 

(1)         Net income and net income per common share includes an income tax benefit of $11,300, or $0.07 per share, resulting from the delay, by the U. S. government, in the reinstatement of certain federal income tax provisions for the year 2012 relating primarily to research and development credits and certain U.S. taxes on foreign income.  Such tax provisions were reinstated on January 2, 2013 with retroactive effect to 2012.  Under U.S. GAAP, the benefit to the Company of $11,300 or $0.07 per share, relating to the 2012 tax year was recorded as a benefit in the first quarter of 2013 at the date of reinstatement.  Excluding this effect, net income per common share-diluted was $0.87 for the three months ended March 31, 2013.

 

(2)         Operating income, net income and net income per common share includes acquisition-related transaction expenses of $2,500, $2,100 after tax, or $0.01 per share, relating to 2013 acquisitions.  Net income and net income per common share also includes a $3,600, or $.02 per share, income tax benefit due primarily to the favorable completion of prior year audits.  Excluding the effect of these items, net income per common share-diluted was $0.98 for the three months ended September 30, 2013.

 

(3)         Operating income, net income and net income per common share includes acquisition-related expenses of $3,400, $2,400 after tax, or $0.01 per share, relating to 2013 acquisitions.  Excluding this effect, net income per common share-diluted was $1.05 for the three months ended December 31, 2013.

 

(4)  Operating income, net income and net income per common share includes acquisition-related expenses of $2,000, $2,000 after tax, or $0.01 per share, relating to 2012 acquisitions.  Net income and net income per common share also includes income tax costs relating to a delay, by the U.S. government, in the reinstatement of certain federal income tax provisions for the year 2012 of $11,300, or $0.07 per share, relating primarily to research and development credits and certain U.S. taxes on foreign income.  Such tax provisions were reinstated on January 2, 2013 with retroactive effect to 2012 as discussed above.  Net income per common share-diluted for the three months ended December 31, 2012, excluding the effects of these items, is $0.94.