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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 410,307 $ 483,297 $ 1,503,087 $ 1,611,356
Cost of sales 277,594 328,482 1,008,123 1,076,699
Gross profit 132,713 154,815 494,964 534,657
Selling, general and administrative 56,772 54,790 175,777 166,709
Research and development 15,180 16,176 47,843 45,826
Other 138 (88) 121 (349)
Total operating expenses 72,090 70,878 223,741 212,186
Income from operations 60,623 83,937 271,223 322,471
Nonoperating income (expense):        
Interest expense, net (3,592) (5,479) (12,010) (17,354)
Loss on early retirement of debt (1,254) (277) (1,254) (1,176)
Other, net 1,689 1,270 2,897 (2,867)
Nonoperating expenses, net (3,157) (4,486) (10,367) (21,397)
Income before income taxes 57,466 79,451 260,856 301,074
Income tax expense (13,559) (19,944) (73,263) (71,079)
Net income 43,907 59,507 187,593 229,995
Net income attributable to noncontrolling interest, net of tax (3,274) (2,510) (25,758) (27,569)
Net income attributable to Sauer-Danfoss Inc. $ 40,633 $ 56,997 $ 161,835 $ 202,426
Net income per common share, basic and diluted $ 0.84 $ 1.18 $ 3.34 $ 4.18
Weighted average basic shares outstanding 48,416,895 48,405,860 48,411,854 48,400,778
Weighted average diluted shares outstanding 48,480,407 48,478,192 48,480,603 48,478,933