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Quarterly Results Of Operations | 12 Months Ended
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Dec. 31, 2011
Quarterly Results Of Operations [Abstract] |
Quarterly Results Of Operations | Note 20—Quarterly results of operations (unaudited):
|  | Quarter ended |
|  | March 31 |  |  | June 30 |  |  | Sept. 30 |  |  | Dec. 31 |
|  | (In millions, except per share data) |
Year ended December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 356.8 |  |  | $ | 415.7 |  |  | $ | 413.2 |  |  | $ | 407.0 |
Gross margin |  |  | 66.1 |  |  |  | 89.4 |  |  |  | 100.1 |  |  |  | 107.2 |
Operating income |  |  | 17.6 |  |  |  | 35.4 |  |  |  | 53.3 |  |  |  | 55.5 |
Net income(1) |  | $ | 15.1 |  |  | $ | 6.4 |  |  | $ | 18.1 |  |  | $ | 24.2 |
Net income attributable to Valhi stockholders (1) |  |  | 13.6 |  |  |  | 4.5 |  |  |  | 14.4 |  |  |  | 17.8 |
Per basic share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Valhi stockholders |  | $ | .10 |  |  | $ | .04 |  |  | $ | .13 |  |  | $ | .15 |
Year ended December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 455.7 |  |  | $ | 573.1 |  |  | $ | 584.1 |  |  | $ | 471.2 |
Gross margin |  |  | 148.9 |  |  |  | 200.7 |  |  |  | 212.7 |  |  |  | 195.4 |
Operating income |  |  | 103.3 |  |  |  | 139.8 |  |  |  | 150.2 |  |  |  | 137.2 |
Net income(2) |  | $ | 53.2 |  |  | $ | 72.9 |  |  | $ | 93.1 |  |  | $ | 75.8 |
Net income attributable to Valhi stockholders (2) |  |  | 38.0 |  |  |  | 52.4 |  |  |  | 71.5 |  |  |  | 55.6 |
Per basic share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Valhi stockholders |  | $ | .33 |  |  | $ | .46 |  |  | $ | .63 |  |  | $ | .49 |
(1) | We recognized the following amounts during 2010:
| • |  | a $24.4 million after noncontrolling interest non-cash income tax benefit in the first quarter, see Note 12;
| • |  | a $17.4 million after-tax and noncontrolling interest charge as a result of a litigation settlement in the first quarter, see Notes 9 and 17;
| • |  | a $9.8 million after-tax and noncontrolling interest gain in the first quarter for insurance settlement, see Notes 15 and 17;
| • |  | a $3.5 million after-tax and noncontrolling interest gain in the third quarter as a result of a legal settlement, see Note 15; and
| • |  | $4.4 million charge in the third quarter to our tax provision related to a net increase in our reserves for uncertain tax positions, see Note 12.
(2) | We recognized the following amounts during 2011:
| • |  | a $2.4 million after-tax and noncontrolling interest non-cash patent litigation settlement gain in the first quarter, see Note 17;
| • |  | a $1.7 million after-tax and noncontrolling interest loss on the prepayment of debt in the first quarter, see Note 9;
| • |  | a $8.7 million after-tax and noncontrolling interest gain in the third quarter for insurance settlement, see Note 15;
| • |  | a $.9 million after-tax and noncontrolling interest charge in the third quarter as a result of an asset held for sale write-down, see Note 7; and
| • |  | $8.4 million benefit in the third quarter to our tax provision related to a net decrease in our reserves for uncertain tax positions.
The sum of the quarterly per share amounts may not equal the annual per share amounts due to relative changes in the weighted average number of shares used in the per share computations.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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