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Condensed Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Sales $ 239,939 $ 200,698 $ 456,045 $ 363,639
Cost of sales 165,810 138,368 314,359 248,823
Gross profit 74,129 62,330 141,686 114,816
Selling, general and administrative expenses 34,726 36,337 75,352 71,199
Amortization expense 3,250 3,288 6,320 6,605
Impairment of intangible assets 3,070 0 3,070 0
Loss on disposal of assets 0 1,216 0 1,216
Operating expenses 41,046 40,841 84,742 79,020
Operating income 33,083 21,489 56,944 35,796
Other expenses (income):        
Interest expense, net 3,689 4,063 7,651 7,997
Financing costs amortization 556 324 877 649
Foreign currency (losses) gains 1,770 616 1,418 (143)
Other nonoperating income (expense) 6,015 5,003 9,946 8,503
Income before income taxes 27,068 16,486 46,998 27,293
Income tax expense 8,932 5,466 14,710 8,870
Net income 18,136 11,020 32,288 18,423
Noncontrolling interest, net of tax 200 429 269 302
Net income attributable to Chart Industries, Inc. 17,936 10,591 32,019 18,121
Net income attributable to Chart Industries, Inc. per common share – basic $ 0.60 $ 0.36 $ 1.08 $ 0.63
Net income attributable to Chart Industries, Inc. per common share – diluted $ 0.59 $ 0.35 $ 1.06 $ 0.61
Weighted average number of common shares outstanding – basic 29,797 29,202 29,695 28,986
Weighted average number of common shares outstanding – diluted 30,200 29,966 30,130 29,823
Comprehensive income, net of tax 14,693 12,304 31,109 25,833
Less: Comprehensive income attributable to noncontrolling interest, net of tax 200 429 269 302
Comprehensive income attributable to Chart Industries, Inc., net of tax $ 14,493 $ 11,875 $ 30,840 $ 25,531