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Consolidated Statement of Income Statement - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 222,190 $ 222,330 $ 671,220 $ 663,870
Cost of sales (159,720) (162,460) (484,110) (480,800)
Gross profit 62,470 59,870 187,110 183,070
Selling, general and administrative expenses (40,910) (39,350) (123,320) (113,070)
Operating profit 21,560 20,520 63,790 70,000
Other expense, net:        
Interest expense (3,440) (2,080) (10,610) (6,310)
Debt financing and extinguishment costs 0 0 (1,970) 0
Other expense, net (720) (1,730) (2,330) (3,450)
Other expense, net (4,160) (3,810) (14,910) (9,760)
Income from continuing operations before income tax expense 17,400 16,710 48,880 60,240
Income tax expense (5,690) (5,620) (16,740) (21,020)
Income from continuing operations 11,710 11,090 32,140 39,220
Income (loss) from discontinued operations, net of tax 0 11,140 (4,740) 28,590
Net Income 11,710 22,230 27,400 67,810
Net income attributable to redeemable noncontrolling interests 0 0 0 810
Net income attributable to TriMas Corporation $ 11,710 $ 22,230 $ 27,400 $ 67,000
Basic earnings per share attributable to TriMas Corporation:        
Continuing operations $ 0.26 $ 0.24 $ 0.71 $ 0.85
Discontinued operations 0.00 0.25 (0.10) 0.64
Net income per share $ 0.26 $ 0.49 $ 0.61 $ 1.49
Weighted average common shares—basic 45,157,412 44,919,340 45,102,067 44,863,008
Diluted earnings per share attributable to TriMas Corporation:        
Continuing operations $ 0.26 $ 0.24 $ 0.70 $ 0.85
Discontinued operations 0.00 0.25 (0.10) 0.63
Net income per share $ 0.26 $ 0.49 $ 0.60 $ 1.48
Weighted average common shares—diluted 45,499,104 45,276,199 45,439,618 45,231,058