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Consolidated Statements of Operations Statement (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 563,317 $ 432,226 $ 1,128,059 $ 818,996
Cost of sales 372,734 300,149 748,217 574,413
Gross profit 190,583 132,077 379,842 244,583
Selling, general and administrative 57,663 49,259 111,919 103,088
Research and development 15,555 12,099 29,650 24,572
Loss (gain) on sale of business and asset disposals 49 3,268 (261) 2,304
Total operating expenses 73,267 64,626 141,308 129,964
Operating income 117,316 67,451 238,534 114,619
Nonoperating income (expense):        
Interest expense, net (5,774) (15,064) (11,875) (31,617)
Loss on early retirement of debt (899) 0 (899) 0
Other, net 362 1,430 (4,137) 3,678
Nonoperating expenses, net (6,311) (13,634) (16,911) (27,939)
Income before income taxes 111,005 53,817 221,623 86,680
Income tax expense (25,052) (8,276) (51,135) (10,544)
Net income 85,953 45,541 170,488 76,136
Net income attributable to noncontrolling interest, net of tax (11,078) (10,986) (25,059) (20,856)
Net income attributable to Sauer-Danfoss Inc. $ 74,875 $ 34,555 $ 145,429 $ 55,280
Net income per common share, basic $ 1.55 $ 0.71 $ 3 $ 1.14
Net income per common share, diluted $ 1.54 $ 0.71 $ 3 $ 1.14
Weighted average basic shares outstanding 48,399,816 48,387,593 48,398,196 48,370,764
Weighted average diluted shares outstanding 48,480,360 48,472,902 48,479,310 48,462,802