v2.4.0.6

Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009
Sales | $ 794,585 | $ 555,455 | $ 597,458
Cost of sales | 549,139 | 390,156 | 395,577
Gross profit | 245,446 | 165,299 | 201,881
Selling, general and administrative expenses | 140,535 | 104,973 | 95,601
Amortization expense | 13,376 | 11,049 | 10,716
Asset impairment | 1,218 | 1,773 | 1,230
Loss on disposal of assets | 323 | 0 | 0
Operating expenses, total | 155,452 | 117,795 | 107,547
Operating income | 89,994 | 47,504 | 94,334
Other expense (income): |  |  |
Interest expense, net | 23,371 | 16,196 | 15,817
Amortization of deferred financing costs | 4,383 | 3,063 | 1,616
Foreign currency (gain) loss | (734) | 871 | (687)
Gain on acquisition of business | 0 | (1,124) | (6,954)
Other nonoperating income | 27,020 | 19,006 | 9,792
Income before income taxes | 62,974 | 28,498 | 84,542
Income tax expense (benefit): |  |  |
Current | 21,221 | 17,338 | 25,137
Deferred | (2,491) | (9,345) | (1,751)
Income Tax Expense (Benefit) | 18,730 | 7,993 | 23,386
Net income | 44,244 | 20,505 | 61,156
Noncontrolling interest, net of taxes | 168 | 345 | 145
Net income attributable to Chart Industries, Inc. | $ 44,076 | $ 20,160 | $ 61,011
Net income attributable to Chart Industries, Inc. per common share - basic | $ 1.51 | $ 0.71 | $ 2.14
Net income attributable to Chart Industries, Inc. per common share - diluted | $ 1.47 | $ 0.69 | $ 2.11
Weighted average number of common shares outstanding: |  |  |
Basic | 29,165 | 28,534 | 28,457
Diluted | 29,913 | 29,255 | 28,981

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