Equity

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Equity

Equity

Accumulated Other Comprehensive Income

The following tables set forth the changes in accumulated other comprehensive income (loss) by component:

	Foreign currency translation adjustments		Pension liability adjustments, net of taxes			Accumulated other comprehensive income
Balance at March 31, 2013	$	12,962	$	(12,353	)	$	609
Other comprehensive income	118		—			118
Actuarial losses reclassified from accumulated other comprehensive income, net of income taxes of $124 (1)	—		213			213
Net current-period other comprehensive income, net of taxes	118		213			331
Balance at June 30, 2013	$	13,080	$	(12,140	)	$	940

	Foreign currency translation adjustments			Pension liability adjustments, net of taxes			Accumulated other comprehensive income
Balance at March 31, 2012	$	14,656		$	(9,399	)	$	5,257
Other comprehensive loss	(3,687		)	—			(3,687		)
Actuarial losses reclassified from accumulated other comprehensive income (1)	—			244			244
Net current-period other comprehensive (loss) income, net of taxes	(3,687		)	244			(3,443		)
Balance at June 30, 2012	$	10,969		$	(9,155	)	$	1,814

	Foreign currency translation adjustments			Pension liability adjustments, net of taxes			Accumulated other comprehensive income
Balance at December 31, 2012	$	14,207		$	(12,566	)	$	1,641
Other comprehensive loss	(1,127		)	—			(1,127		)
Actuarial losses reclassified from accumulated other comprehensive income, net of income taxes of $248 (2)	—			426			426
Net current-period other comprehensive (loss) income, net of taxes	(1,127		)	426			(701		)
Balance at June 30, 2013	$	13,080		$	(12,140	)	$	940

	Foreign currency translation adjustments			Pension liability adjustments, net of taxes			Accumulated other comprehensive income
Balance at December 31, 2011	$	12,635		$	(9,642	)	$	2,993
Other comprehensive loss	(1,666		)	—			(1,666		)
Actuarial losses reclassified from accumulated other comprehensive income (2)	—			487			487
Net current-period other comprehensive (loss) income, net of taxes	(1,666		)	487			(1,179		)
Balance at June 30, 2012	$	10,969		$	(9,155	)	$	1,814

_______________

(1) Amounts reclassified from accumulated other comprehensive income, net of taxes, were expensed and included in cost of sales ($133 and $103 for the three months ended June 30, 2013 and 2012, respectively) and selling, general and administrative expenses ($204 and $141 for the three months ended June 30, 2013 and 2012, respectively) on the condensed consolidated statements of income and comprehensive income.

(2) Amounts reclassified from accumulated other comprehensive income, net of taxes, were expensed and included in cost of sales ($266 and $205 for the six months ended June 30, 2013 and 2012, respectively) and selling, general and administrative expenses ($408 and $282 for the six months ended June 30, 2013 and 2012, respectively) on the condensed consolidated statements of income and comprehensive income. The components in accumulated other comprehensive income are included in the computation of net periodic pension expense as reported in Note I.

Earnings Per Share

The following table presents calculations of net income per share of common stock:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Net income attributable to Chart Industries, Inc.	$	20,000	$	17,936	$	35,535	$	32,019
Net income attributable to Chart Industries, Inc. per common share:
Basic	$	0.66	$	0.60	$	1.18	$	1.08
Diluted	$	0.64	$	0.59	$	1.15	$	1.06
Weighted average number of common shares outstanding — basic	30,249		29,797		30,143		29,695
Incremental shares issuable upon assumed conversion and exercise of share-based awards	315		403		378		435
Incremental shares issuable due to dilutive effect of the Convertible Notes and warrants	864		—		479		—
Weighted average number of common shares outstanding — diluted	31,428		30,200		31,000		30,130

Certain common shares that may be issuable upon the vesting of share-based awards and potential settlements under convertible note hedge and capped call transactions used to offset the dilutive effect of the Convertible Notes were not included in the computation of diluted earnings per share as they were anti-dilutive. There were 837 and 108 anti-dilutive shares for the three months ended June 30, 2013 and 2012, respectively, and 561 and 107 anti-dilutive shares for the six months ended June 30, 2013 and 2012, respectively.

For the three and six months ended June 30, 2013, 3,266 and 3,368 shares issuable under warrants associated with the convertible note hedge and capped call transactions, respectively, were also excluded from the computation of diluted earnings per share as their effect was anti-dilutive. For both the three and six months ended June 30, 2012, there were 3,368 anti-dilutive shares issuable under warrants. The convertible note hedge and capped call transactions offset any dilution upon actual conversion of the Convertible Notes up to a common stock price of $84.96. See Note F for further information.