XML 68 R48.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Data (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]    
Schedule of Quarterly Financial Information
Selected quarterly data for the years ended December 31, 2016 and 2015 are as follows: 
 
Year Ended December 31, 2016
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Sales
$
193,757

 
$
247,095

 
$
203,930

 
$
214,372

 
$
859,154

Gross profit
52,701

 
86,951

 
69,623

 
57,098

 
266,373

Operating income (1)
37

 
34,939

 
20,064

 
2,332

 
57,372

Net (loss) income
(4,672
)
 
19,563

 
13,684

 
(3,878
)
 
24,697

Net (loss) income attributable to Chart Industries, Inc.
(4,651
)
 
21,153

 
15,025

 
(3,290
)
 
28,237

Net (loss) income attributable to Chart Industries, Inc. per share—basic (2)
$
(0.15
)
 
$
0.69

 
$
0.49

 
$
(0.11
)
 
$
0.92

Net income (loss) attributable to Chart Industries, Inc. per share—diluted (2) (3)
$
(0.15
)
 
$
0.68

 
$
0.48

 
$
(0.11
)
 
$
0.91

 _______________
(1) 
During the third quarter of 2016, the Company recovered for breaches of representations and warranties primarily related to warranty costs for certain product lines acquired in the 2012 acquisition of AirSep under the related representation and warranty insurance. For the year ended December 31, 2016, this reduced BioMedical segment’s cost of sales by $15,145 and Corporate SG&A expenses by $376, net of associated legal fees recorded in 2016. The 2016 operating income also includes impairment of goodwill and intangible assets totaling $1,217 as described in Note 3, Asset Impairments, to the consolidated financial statements.
(2) 
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.
(3) 
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.
 
Year Ended December 31, 2015
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Sales
$
245,105

 
$
270,252

 
$
264,047

 
$
260,756

 
$
1,040,160

Gross profit
72,523

 
74,880

 
68,289

 
72,772

 
288,464

Operating income (1)
14,957

 
25,129

 
15,609

 
(238,918
)
 
(183,223
)
Net income (loss)
5,275

 
17,082

 
4,271

 
(231,144
)
 
(204,516
)
Net income (loss) attributable to Chart Industries, Inc.
5,246

 
17,157

 
4,760

 
(230,123
)
 
(202,960
)
Net income (loss) attributable to Chart Industries, Inc. per share—basic (2)
$
0.17

 
$
0.56

 
$
0.16

 
$
(7.54
)
 
$
(6.66
)
Net income (loss) attributable to Chart Industries, Inc. per share—diluted (2) (3)
$
0.17

 
$
0.56

 
$
0.15

 
$
(7.54
)
 
$
(6.66
)

 _______________
(1) 
Includes impairment of goodwill and intangible assets totaling $253,560 as described in Note 3, Asset Impairments, to the consolidated financial statements.
(2) 
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.
(3) 
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.