ALBANY INTERNATIONAL CORP /DE/ - FORM 8-K/A - EX-99.7 - EFFECT OF CHANGES ON INCOME STATEMENT Q1 2012 - July 20, 2012

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - ALBANY INTERNATIONAL CORP /DE/Financial_Report.xls
8-K/A - CURRENT REPORT - ALBANY INTERNATIONAL CORP /DE/e49191_8ka.htm
EX-99.9 - EFFECT OF CHANGES ON INCOME STATE FULL YEAR 2010 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-9.htm
EX-99.8 - EFFECT OF CHANGES ON INCOME STATE FULL YEAR 2011 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-8.htm
EX-99.2 - EFFECT OF CHANGES Q1 2012 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-2.htm
EX-99.5 - EFFECT OF CHANGES FOR YEAR 2009 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-5.htm
EX-99.1 - EFFECT OF CHANGES FOR Q1 2011 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-1.htm
EX-99.4 - EFFECT OF CHANGES FOR FULL YEAR 2010 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-4.htm
EX-99.6 - EFFECT OF CHANGES ON INCOME STATEMENT Q1 2011 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-6.htm
EX-99.3 - EFFECT OF CHANGES FOR FULL YEAR 2011 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-3.htm
EX-99.10 - EFFECT OF CHANGES ON INCOME STATEMENT FULL YEAR 2009 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-10.htm
EX-99.11 - EFFECT OF CHANGES ON BALANCE SHEETS MARCH 31, 2012 AND DECEMBER 31, 2011 - ALBANY INTERNATIONAL CORP /DE/e49191ex99-11.htm

99.7   Effect of changes on Income Statement for Q1 2012 (000's, except for per share amounts).  
         
    As reported     
    Three months ended Reclassify Primaloft Q1 2012 
    March 31, to discontinued reported in 
    2012 operations current format
         
Net sales   $188,553  ($8,476) $180,077 
Cost of goods sold   116,719  (4,928) 111,791 
         
Gross profit   71,834  (3,548) 68,286 
   Selling, general, and administrative expenses   48,815  (1,792) 47,023 
   Technical, product engineering, and research expenses 12,939  (200) 12,739 
   Restructuring and other, net   258                                -  258 
   Pension settlement expense                            9,175                                -                  9,175 
         
Operating income   647  (1,556) (909)
   Interest expense, net   4,644                                -  4,644 
   Other expense, net   4,548                                -                  4,548 
         
Income before income taxes    (8,545) (1,556) (10,101)
   Income tax expense/(benefit)   (9,379) (593)                (9,972)
         
Income from continuing operations                              834                           (963) (129)
         
   Income from operations of discontinued business   460  1,556  2,016 
   Gain on sale of discontinued business                          57,968                                - 57,968 
   Income tax expense on discontinued operations                          12,221                            593                 12,814 
Income from discontinued operations                          46,207  963  47,170 
Net income   $47,041   $                           -  $47,041 
         
Earnings per share - Basic        
(Loss)/income from continuing operations   $0.03    $0.00 
Discontinued operations   $1.47    $1.50 
Net (loss)/income   $1.50    $1.50 
         
Earnings per share - Diluted        
(Loss)/income from continuing operations   $0.03    $0.00 
Discontinued operations   $1.46    $1.49 
Net (loss)/income   $1.49    $1.49 
         
Shares used in computing earnings per share:        
  Basic   31,309    31,309 
  Diluted   31,533    31,533 

 
 

ALBANY INTERNATIONAL CORP /DE/ Reports