XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 72,724 $ 66,523 $ 142,198 $ 133,088
Cost of sales 41,329 41,402 83,300 83,317
Gross profit 31,395 25,121 58,898 49,771
Operating expenses 26,301 23,922 49,174 48,266
Operating income 5,094 1,199 9,724 1,505
Interest expense 462 662 1,003 1,303
Income before provision for income taxes and loss on equity investment 4,632 537 8,721 202
Income taxes expense (benefit) 1,203 (393) 2,263 (685)
Income before loss on equity investment 3,429 930 6,458 887
Less net loss from equity investment (47) (191) (129) (191)
Net income 3,382 739 6,329 696
Add back net loss (income) attributable to non-controlling interest (136) 42 (289) 136
Net income attributable to American Vanguard $ 3,246 $ 781 $ 6,040 $ 832
Earnings per common share-basic $ 0.11 $ 0.03 $ 0.21 $ 0.03
Earnings per common share-assuming dilution $ 0.11 $ 0.03 $ 0.21 $ 0.03
Weighted average shares outstanding-basic 28,893 28,676 28,851 28,602
Weighted average shares outstanding-assuming dilution 29,377 29,202 29,342 29,103