XML 45 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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 97,201 $ 89,836 $ 305,499 $ 261,928
Cost of sales 54,042 50,211 166,493 146,579
Gross profit 43,159 39,625 139,006 115,349
Operating expenses 28,025 26,460 84,823 73,540
Operating income 15,134 13,165 54,183 41,809
Interest expense 464 701 1,712 2,157
Interest capitalized (20) (165) (245) (313)
Income before provision for income taxes and loss on equity investment 14,690 12,629 52,716 39,965
Income tax expense 5,559 4,553 18,500 14,411
Income before loss on equity investment 9,131 8,076 34,216 25,554
Loss from equity method investment 386   386  
Net income 8,745 8,076 33,830 25,554
Net loss attributable to non-controlling interest 125   341  
Net income attributable to American Vanguard 8,870 8,076 34,171 25,554
Change in fair value of interest rate swaps 133 41 485 87
Foreign currency translation adjustment (126) 306 (195) 428
Comprehensive income $ 8,877 $ 8,423 $ 34,461 $ 26,069
Earnings per common share-basic $ 0.31 $ 0.29 $ 1.21 $ 0.92
Earnings per common share-assuming dilution $ 0.31 $ 0.28 $ 1.18 $ 0.89
Weighted average shares outstanding-basic 28,322 27,970 28,295 27,818
Weighted average shares outstanding-assuming dilution 28,889 28,878 28,890 28,673