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Unaudited Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2011
Unaudited Quarterly Financial Data | 14. Unaudited Quarterly Financial Data The following is a summary of quarterly results of operations:
|  | Quarter ended |
|  | December 31 |  |  | September 30 |  |  | June 30 |  |  | March 31 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 186,048 |  |  | $ | 195,864 |  |  | $ | 190,417 |  |  | $ | 193,044 |
Gross profit |  |  | 32,318 |  |  |  | 37,451 |  |  |  | 37,718 |  |  |  | 39,290 |
Operating income (loss) |  |  | (7,584 | ) |  |  | 6,997 |  |  |  | 7,413 |  |  |  | 6,700 |
Provision for income taxes |  |  | 22,727 |  |  |  | 1,543 |  |  |  | 1,158 |  |  |  | 677 |
Net income (C) |  |  | 35,366 |  |  |  | 4,257 |  |  |  | 3,240 |  |  |  | 2,674 |
Net loss attributable to noncontrolling interests |  |  | (3,209 | ) |  |  | (272 | ) |  |  | (124 | ) |  |  | (215 | )
Net income attributable to Stoneridge, Inc. and subsidiaries |  |  | 38,575 |  |  |  | 4,529 |  |  |  | 3,364 |  |  |  | 2,889 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (A) |  |  | 1.58 |  |  |  | 0.19 |  |  |  | 0.14 |  |  |  | 0.12 |
Diluted (A) |  |  | 1.56 |  |  |  | 0.18 |  |  |  | 0.14 |  |  |  | 0.12 |
|  | Quarter ended |
|  | December 31 (B) |  |  | September 30 (B) |  |  | June 30 (B) |  |  | March 31 (B) |
2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 160,454 |  |  | $ | 160,436 |  |  | $ | 166,262 |  |  | $ | 148,074 |
Gross profit |  |  | 35,763 |  |  |  | 36,598 |  |  |  | 39,264 |  |  |  | 33,931 |
Operating income |  |  | 5,757 |  |  |  | 5,587 |  |  |  | 7,817 |  |  |  | 4,363 |
Provision (benefit) for income taxes |  |  | (539 | ) |  |  | 1,975 |  |  |  | 731 |  |  |  | (1,489 | )
Net income |  |  | 4,426 |  |  |  | 1,217 |  |  |  | 3,816 |  |  |  | 1,887 |
Net loss attributable to noncontrolling interests |  |  | (105 | ) |  |  | (35 | ) |  |  | (21 | ) |  |  | (23 | )
Net income attributable to Stoneridge, Inc. and subsidiaries |  |  | 4,531 |  |  |  | 1,252 |  |  |  | 3,837 |  |  |  | 1,910 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (A) |  |  | 0.19 |  |  |  | 0.05 |  |  |  | 0.16 |  |  |  | 0.08 |
Diluted (A) |  |  | 0.19 |  |  |  | 0.05 |  |  |  | 0.16 |  |  |  | 0.08 |
| (A) | Earnings per share for the year may not equal the sum of the four historical quarters earnings per share due to changes in weighted average basic and diluted shares outstanding.
| (B) | As discussed in Note 2 regarding our change in accounting for certain U.S. business inventories from the last-in, first-out method method to the first-in, first-out method, unaudited quarterly financial data has been retrospectively adjusted.
| (C) | As a result of obtaining a controlling interest in PST on December 31, 2011, the Company recognized a one-time non-cash after-tax gain of $42.5 million.

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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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