Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Data (Unaudited)

9. Quarterly Data (Unaudited)

TOR Minerals International, Inc. and Subsidiaries
Consolidated Statements of Income
(In thousands, except per share amounts)
		2012
(In thousands, except per share amounts)		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Total
NET SALES	$	12,808	$	14,108	$	19,914	$	9,823	$	56,653
Cost of sales		9,618		10,441		16,068		8,546		44,673
GROSS MARGIN		3,190		3,667		3,846		1,277		11,980
Technical services and research and development		82		101		90		111		384
Selling, general and administrative expenses		1,224		1,359		1,242		1,204		5,029
Gain on disposal of assets		-		-		(6)		-		(6)
OPERATING INCOME		1,884		2,207		2,520		(38)		6,573
OTHER INCOME (EXPENSES):
Interest expense		(142)		(112)		(143)		(74)		(471)
Gain (loss) on foreign currency exchange rate		23		(20)		(24)		(29)		(50)
Other, net		-		1		-		(1)		-
INCOME BEFORE INCOME TAX		1,765		2,076		2,353		(142)		6,052
Income tax expense (benefit)		369		517		516		(378)		1,024
NET INCOME	$	1,396	$	1,559	$	1,837	$	236	$	5,028
Less: Preferred Stock Dividends		-		-		-		-		-
Basic Income Available to Common Shareholders	$	1,396	$	1,559	$	1,837	$	236	$	5,028
Plus: 6% Convertible Debenture Interest Expense		22		-		-		-		22
Plus: Preferred Stock Dividends		-		-		-		-		-
Diluted Income Available to Common Shareholders	$	1,418	$	1,559	$	1,837	$	236	$	5,050
Income per common share:
Basic	$	0.58	$	0.56	$	0.62	$	0.08	$	1.81
Diluted	$	0.41	$	0.45	$	0.53	$	0.07	$	1.49
Weighted average common shares outstanding:
Basic		2,402		2,769		2,968		2,980		2,781
Diluted		3,439		3,462		3,441		3,424		3,394
		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