XML 62 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Operations And Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales $ 86,761 $ 84,837 $ 208,298 $ 172,092
Cost of sales 44,695 46,491 112,451 96,368
Gross profit 42,066 38,346 95,847 75,724
Operating expenses 29,169 24,104 56,798 47,080
Operating income 12,897 14,242 39,049 28,644
Interest expense 701 721 1,248 1,456
Interest capitalized (31) (112) (225) (148)
Income before provision for income taxes 12,227 13,633 38,026 27,336
Income tax expense 3,961 4,889 12,941 9,858
Net income 8,266 8,744 25,085 17,478
Net loss attributable to non-controlling interest 120   216  
Net income attributable to American Vanguard 8,386 8,744 25,301 17,478
Change in fair value of interest rate swap 174 24 352 46
Foreign currency translation adjustment (476) (420) (69) 122
Comprehensive income $ 8,084 $ 8,348 $ 25,584 $ 17,646
Earnings per common share-basic $ 0.29 $ 0.31 $ 0.89 $ 0.63
Earnings per common share-assuming dilution $ 0.29 $ 0.30 $ 0.88 $ 0.61
Weighted average shares outstanding-basic 28,295 27,858 28,280 27,740
Weighted average shares outstanding-assuming dilution 28,886 28,737 28,884 28,544