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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 72,486 $ 71,635 $ 205,574 $ 221,043
Cost of sales 41,053 43,342 124,370 137,785
Gross profit 31,433 28,293 81,204 83,258
Operating expenses 26,059 27,367 74,325 77,903
Operating income 5,374 926 6,879 5,355
Interest expense 700 804 2,090 2,292
Less interest capitalized (62) (25) (149) (56)
Income before provision for income taxes and (loss) gain on equity investment 4,736 147 4,938 3,119
Income tax expense 1,643 0 958 856
Income before (loss) gain on equity investment 3,093 147 3,980 2,263
Net (loss) gain from equity investment (389) 461 (580) 321
Net income 2,704 608 3,400 2,584
Add back net loss attributable to non-controlling interest 68 124 204 452
Net income attributable to American Vanguard 2,772 732 3,604 3,036
Change in fair value of interest rate swaps   145   426
Foreign currency translation adjustment (897) (491) (1,468) (348)
Comprehensive income $ 1,875 $ 386 $ 2,136 $ 3,114
Earnings per common share-basic $ 0.10 $ 0.03 $ 0.13 $ 0.11
Earnings per common share-assuming dilution $ 0.09 $ 0.03 $ 0.12 $ 0.11
Weighted average shares outstanding-basic 28,753 28,466 28,653 28,422
Weighted average shares outstanding-assuming dilution 29,289 28,797 29,208 28,888