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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Sales $ 1,040,160 $ 1,192,952 $ 1,177,438
Cost of sales 751,696 835,098 825,715
Gross profit 288,464 357,854 351,723
Selling, general and administrative expenses 200,794 201,752 196,496
Amortization expense 17,333 17,945 19,230
Asset impairments 253,560 0 0
Operating expenses, net 471,687 219,697 215,726
Operating (loss) income (183,223) [1],[2] 138,157 [3],[4] 135,997
Other expenses (income):      
Interest expense, net 15,971 16,631 16,275
Financing costs amortization 1,290 1,392 1,306
Foreign currency loss (gain) 1,348 970 (242)
Other expenses, net 18,609 18,993 17,339
(Loss) income before income taxes (201,832) 119,164 118,658
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]      
Current 27,087 36,340 32,903
Deferred (24,403) (248) (1,607)
Income tax expense, net 2,684 36,092 31,296
Net (loss) income (204,516) 83,072 87,362
Noncontrolling interests, net of taxes (1,556) 1,208 4,186
Net (loss) income attributable to Chart Industries, Inc. $ (202,960) $ 81,864 $ 83,176
Net (loss) income attributable to Chart Industries, Inc. per common share:      
Basic $ (6.66) [5] $ 2.69 [6] $ 2.75
Diluted $ (6.66) [5],[7] $ 2.67 [6] $ 2.60
Weighted average number of common shares outstanding:      
Basic 30,493 30,384 30,209
Diluted 30,493 30,666 31,931
Retained Earnings [Member]      
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]      
Net (loss) income attributable to Chart Industries, Inc. $ (202,960) $ 81,864 $ 83,176
[1] Includes asset impairment charges of $255,116 for the year ended December 31, 2015, attributed to E&C - $68,796, D&S - $2,020 , and BioMedical - $184,300.
[2] Includes impairment of goodwill and intangible assets totaling $253,560 as described in Note 3, Asset Impairments, to the consolidated financial statements.
[3] Includes recovery of $5,003 increasing operating income during the fourth quarter of 2014 from an escrow settlement for breaches of representations and warranties relating to warranty costs (which are in excess of the settlement amount) for certain product lines acquired from AirSep in 2012. We continue to pursue recovery for breaches of representations and warranties related to warranty costs for certain product lines acquired from AirSep in 2012 under our representation and warranty insurance coverage that exists from the acquisition.
[4] The BioMedical segment’s operating income included recovery of $5,003 increasing operating income for the year ended December 31, 2014 from an escrow settlement for breaches of representations and warranties relating to warranty costs (which are in excess of the settlement amount) for certain product lines acquired from AirSep in 2012.
[5] Basic and diluted (loss) earnings per share are computed independently for each of the quarters presented. As such, the sum of quarterly basic and diluted (loss) earnings per share may not equal reported annual basic and diluted (loss) earnings per share.
[6] Basic and diluted (loss) earnings per share are computed independently for each of the quarters presented. As such, the sum of quarterly basic and diluted (loss) earnings per share may not equal reported annual basic and diluted (loss) earnings per share.
[7] Zero incremental shares from share-based awards are included in the computation of diluted net loss per share for periods in which a net loss occurs, because to do so would be anti-dilutive.