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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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sales $ 254,249 $ 211,311 $ 710,294 $ 574,950
Cost of sales 176,237 144,680 490,596 393,503
Gross profit 78,012 66,631 219,698 181,447
Selling, general and administrative expenses 42,170 34,127 117,522 105,326
Amortization expense 3,810 3,342 10,130 9,947
Impairment of intangible assets 0 0 3,070 0
Loss on disposal of assets 0 119 0 1,335
Operating expenses 45,980 37,588 130,722 116,608
Operating Income (Loss) 32,032 29,043 88,976 64,839
Other expenses (income):        
Interest expense, net 4,006 6,361 11,657 14,358
Financing costs amortization 326 445 1,203 1,094
Foreign currency losses (gains) 461 (2,390) 1,879 (2,533)
Other nonoperating (income) expense 4,793 4,416 14,739 12,919
Income before income taxes 27,239 24,627 74,237 51,920
Income tax expense 8,354 7,122 23,064 15,992
Net income 18,885 17,505 51,173 35,928
Noncontrolling interest, net of tax 369 (35) 638 267
Net income attributable to Chart Industries, Inc. 18,516 17,540 50,535 35,661
Net income attributable to Chart Industries, Inc. per common share – basic $ 0.62 $ 0.60 $ 1.70 $ 1.23
Net income attributable to Chart Industries, Inc. per common share – diluted $ 0.61 $ 0.59 $ 1.68 $ 1.19
Weighted average number of common shares outstanding – basic 29,839 29,288 29,743 29,088
Weighted average number of common shares outstanding – diluted 30,243 29,966 30,168 29,871
Comprehensive income, net of tax 21,428 6,459 52,537 32,292
Less: Comprehensive income (loss) attributable to noncontrolling interest, net of tax 369 (35) 638 267
Comprehensive income attributable to Chart Industries, Inc., net of tax $ 21,059 $ 6,494 $ 51,899 $ 32,025