Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

Quarterly Data (Unaudited)

9. Quarterly Data (Unaudited)

TOR Minerals International, Inc. and Subsidiaries
Consolidated Statements of Operations
(In thousands, except per share amounts)

					2011
(In thousands, except per share amounts)	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Total
NET SALES	9,585		10,489		11,401		9,546		41,021
Cost of sales		7,494		8,183		9,026		7,024		31,727
GROSS MARGIN		2,091		2,306		2,375		2,522		9,294
Technical services and research and development		66		66		74		81		287
Selling, general and administrative expenses		1,159		1,065		1,098		1,317		4,639
Gain on disposal of assets		-		-		-		(1)		(1)
OPERATING INCOME		866		1,175		1,203		1,125		4,369
OTHER INCOME (EXPENSES):
Interest expense		(96)		(101)		(139)		(135)		(471)
(Loss) gain on foreign currency exchange rate		(48)		(9)		63		(29)		(23)
Other, net		-		7		-		2		9
INCOME BEFORE INCOME TAX		722		1,072		1,127		963		3,884
Income tax expense (benefit)		47		91		60		(150)		48
NET INCOME	$	675	$	981	$	1,067	$	1,113	$	3,836
Less: Preferred Stock Dividends		15		-		-		1		16
Basic Income Available to Common Shareholders	$	660	$	981	$	1,067	$	1,112	$	3,820
Plus: 6% Convertible Debenture Interest Expense		22		22		22		21		87
Plus: Preferred Stock Dividends		15		-		-		1		16
Diluted Income Available to Common Shareholders	$	697	$	1,003	$	1,089	$	1,134	$	3,923
Income per common share:
Basic	$	0.34	$	0.47	$	0.50	$	0.51	$	1.84
Diluted	$	0.22	$	0.30	$	0.33	$	0.35	$	1.21
Weighted average common shares outstanding:
Basic		1,941		2,091		2,122		2,160		2,079
Diluted		3,149		3,293		3,264		3,239		3,235
						2010
(In thousands, except per share amounts)		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Total
NET SALES	$	6,856	$	7,928	$	7,543	$	8,689	$	31,016
Cost of sales		5,206		6,325		6,234		6,493		24,258
GROSS MARGIN		1,650		1,603		1,309		2,196		6,758
Technical services and research and development		57		61		66		70		254
Selling, general and administrative expenses		849		971		846		1,035		3,701
OPERATING INCOME		744		571		397		1,091		2,803
OTHER INCOME (EXPENSES):
Interest expense		(121)		(112)		(110)		(96)		(439)
(Loss) gain on foreign currency exchange rate		(28)		34		(53)		(13)		(60)
INCOME BEFORE INCOME TAX		595		493		234		982		2,304
Income tax expense (benefit)		11		23		(2)		(16)		16
NET INCOME	$	584	$	470	$	236	$	998	$	2,288
Less: Preferred Stock Dividends		15		15		15		15		60
Basic Income Available to Common Shareholders	$	569	$	455	$	221	$	983	$	2,228
Plus: 6% Convertible Debenture Interest Expense		22		23		22		23		90
Diluted Income Available to Common Shareholders	$	591	$	478	$	243	$	1,006	$	2,318
Income per common share:
Basic	$	0.30	$	0.24	$	0.12	$	0.51	$	1.17
Diluted	$	0.23	$	0.17	$	0.09	$	0.35	$	0.83
Weighted average common shares outstanding:
Basic		1,891		1,897		1,908		1,921		1,904
Diluted		2,611		2,813		2,822		2,892		2,785