XML 37 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 66,523 $ 68,313 $ 133,088 $ 149,408
Cost of sales 41,402 42,253 83,317 94,443
Gross profit 25,121 26,060 49,771 54,965
Operating expenses 23,922 25,337 48,266 50,536
Operating income 1,199 723 1,505 4,429
Interest expense 710 857 1,390 1,488
Interest capitalized (48) (13) (87) (31)
Income (loss) before provision for income taxes and loss on equity investment 537 (121) 202 2,972
Income taxes (benefit) expense (393) (160) (685) 856
Income before loss on equity investment 930 39 887 2,116
Less net loss from equity method investment (191) (68) (191) (140)
Net income (loss) 739 (29) 696 1,976
Add back net loss attributable to non-controlling interest 42 174 136 328
Net income attributable to American Vanguard 781 145 832 2,304
Change in fair value of interest rate swaps   145   281
Foreign currency translation adjustment (323) 92 (571) 143
Comprehensive income $ 458 $ 382 $ 261 $ 2,728
Earnings per common share-basic $ 0.03 $ 0.01 $ 0.03 $ 0.08
Earnings per common share-assuming dilution $ 0.03 $ 0.01 $ 0.03 $ 0.08
Weighted average shares outstanding-basic 28,676 28,408 28,602 28,404
Weighted average shares outstanding-assuming dilution 29,202 28,795 29,103 28,877