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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 289,382 $ 298,634 $ 381,021
Cost of sales 177,480 184,138 209,674
Gross profit 111,902 114,496 171,347
Operating expenses 100,378 107,786 115,612
Operating income 11,524 6,710 55,735
Interest expense, net 2,772 3,153 2,175
Interest capitalized (210) (87) (274)
Income (loss) before income taxes total 8,962 3,644 53,834
Income taxes expense (benefit) 2,009 (451) 18,916
Income before loss on equity investment 6,953 4,095 34,918
Less net loss from equity method investment (636) (29) (986)
Net income 6,317 4,066 33,932
Add back net loss attributable to non-controlling interest 274 775 517
Net income attributable to American Vanguard 6,591 4,841 34,449
Change in fair value of interest rate swaps   340 388
Foreign currency translation adjustment (1,571) (1,262) 326
Comprehensive income $ 5,020 $ 3,919 $ 35,163
Earnings per common share-basic $ 0.23 $ 0.17 $ 1.22
Earnings per common share-assuming dilution $ 0.23 $ 0.17 $ 1.19
Weighted average shares outstanding-basic 28,673 28,436 28,301
Weighted average shares outstanding-assuming dilution 29,237 28,912 28,899