Selected Quarterly Financial and Supplementary Data

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial and Supplementary Data [Abstract]

Selected Quarterly Financial and Supplementary Data

CAMBREX CORPORATION AND SUBSIDIARIES

SELECTED QUARTERLY FINANCIAL AND SUPPLEMENTARY DATA - UNAUDITED

(in thousands, except share and per share data)

	1st			2nd		3rd			4th
	Quarter (1)			Quarter		Quarter (2)			Quarter (3)
2011
Gross sales	$	61,654		$	67,484	$	58,203		$	67,134
Net revenues		60,585			68,382		59,155			67,531
Gross profit		17,455			19,057		17,829			19,743
Income from continuing operations		2,855			4,757		3,094			3,029
Loss from discontinued operations		(146	)		-		(333	)		(2,288	)
Net income		2,709			4,757		2,761			741
Earnings per share of common stock:(7)
Basic		0.09			0.16		0.09			0.03
Diluted		0.09			0.16		0.09			0.02
Average shares:
Basic		29,448			29,419		29,483			29,520
Diluted		29,518			29,493		29,528			29,711

	1st		2nd		3rd			4th
	Quarter		Quarter (4)		Quarter (5)			Quarter (6)
2010
Gross sales	$	56,155	$	57,403	$	49,356		$	63,522
Net revenues		56,093		58,217		47,774			64,908
Gross profit		14,493		17,933		14,110			20,330
Income/(loss) from continuing operations		1,683		3,666		(1,284	)		5,244
Income/(loss) from discontinued operations		-		1,105		(170	)		(597	)
Net income/(loss)		1,683		4,771		(1,454	)		4,647
Earnings/(loss) per share of common stock:(7)
Basic		0.06		0.16		(0.05	)		0.16
Diluted		0.06		0.16		(0.05	)		0.16
Average shares:
Basic		29,315		29,333		29,373			29,420
Diluted		29,374		29,404		29,373			29,489

(1) Discontinued operations includes pre-tax charges of $176 for environmental remediation related to sites of divested businesses.

(2) Discontinued operations includes pre-tax charges of $333 for environmental remediation, net of insurance, related to sites of divested businesses.

(3) Discontinued operations includes pre-tax charges of $2,342 for environmental remediation related to sites of divested businesses.

(4) Discontinued operations includes a benefit of $1,652 as a result of the expiration of a contingent liability and charges of $547 for environmental remediation, both related to sites of divested businesses.

(5) Income from continuing operations includes pre-tax charges of $1,187 within operating expenses for certain one-time employee benefits relating to the plan to optimize operations at a manufacturing site, and $711 within operating expenses for merger and acquisition expenses.  Discontinued operations includes a charge of $170 for a worker's compensation claim related to a site of a divested business.

(6) Income from continuing operations includes pre-tax charges of $106 within operating expenses for certain one-time employee benefits relating to the plan to optimize operations at a manufacturing site, $211 within operating expenses for merger and acquisition expenses and $509 within other expenses for currency losses pursuant to the purchase of Zenara.   Discontinued operations include a charge of $597 for environmental remediation, net of insurance, related to sites of a divested business.

(7) Earnings per share calculations for each of the quarters are based on the weighted average number of shares outstanding for each period. As such, the sum of the quarters may not necessarily equal the earnings per share amount for the year.