ALBANY INTERNATIONAL CORP /DE/ - FORM 8-K - EX-99.5 - EFFECT OF CHANGES ON THE INCOME STATEMENT FOR THE THIRD QUARTER OF 2011 - July 20, 2012

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EXCEL - IDEA: XBRL DOCUMENT - ALBANY INTERNATIONAL CORP /DE/Financial_Report.xls
EX-99.3 - EFFECT OF CHANGES FOR THE FOURTH QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-3.htm
EX-99.2 - EFFECT OF CHANGES FOR THE THIRD QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-2.htm
EX-99.1 - EFFECT OF CHANGES FOR THE SECOND QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-1.htm
EX-99.4 - EFFECT OF CHANGES ON THE INCOME STATEMENT FOR THE SECOND QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-4.htm
EX-99.8 - SCHEDULES SHOWING EBITDA AND ADJUSTED EBITDA - ALBANY INTERNATIONAL CORP /DE/e49190ex99-8.htm
EX-99.6 - EFFECT OF CHANGES ON THE INCOME STATEMENT FOR THE FOURTH QUARTER OF 2011 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-6.htm
8-K - CURRENT REPORT - ALBANY INTERNATIONAL CORP /DE/e49190_8k.htm
EX-99.7 - SCHEDULE SHOWING THE EFFECT ON ITEM 6 - ALBANY INTERNATIONAL CORP /DE/e49190ex99-7.htm

99.5   Effect of changes on the Income Statement for the third quarter of 2011 (000's, except per share amounts).

 

  As reported               
  Three months ended  Reclassify ADS  Reclassify Primaloft     Q3 2011  Nine months ended
  September 30,  to discontinued  to discontinued  Other  reported in  September 30, 2011
  2011  operations  operations  reclassifications  2012 format  in 2012 format
                              
Net sales $250,012   ($43,276)  ($6,484)       $200,252   $589,887 
Cost of goods sold  154,254    (28,806)   (3,258)        122,190    352,697 
                              
Gross profit  95,758    (14,470)   (3,226)   -    78,062    237,190 
  Selling, general, and administrative expenses  48,840    (11,143)   (1,750)        35,947    127,317 
  Technical, product engineering, and research expenses  13,685    (748)   (271)        12,666    41,105 
  Restructuring and other, net  2,705    (14)   -         2,691    4,456 
  Pension settlement expense  -    -    -         -    - 
                              
Operating income  30,528    (2,565)   (1,205)   -    26,758    64,312 
  Interest expense, net  4,377    -    -         4,377    13,939 
  Other expense, net  374    (323)   -    (60)   (9)   4,811 
                              
Income before income taxes  25,777    (2,242)   (1,205)   60    22,390    45,562 
  Income tax expense/(benefit)  9,032    (679)   (455)        7,897    14,303 
                              
Income from continuing operations before earnings of associated companies  16,745    (1,563)   (750)   60    14,493    31,259 
Equity in losses from associated companies  71    (131)   -    60    -    - 
                              
Income from continuing operations  16,674    (1,432)   (750)   -    14,493    31,259 
                              
  Income from operations of discontinued business       2,111    1,205         3,316    16,307 
  Gain on sale of discontinued business  -    -    -         -    0 
  Income tax expense on discontinued operations  -    679    455         1,135    5,397 
Income from discontinued operations  -    1,432    750         2,181    10,910 
Net income $16,674   $-   $-   $-   $16,674   $42,169 
                              
Earnings per share - Basic                             
(Loss)/income from continuing operations $0.53                  0.46   $1.00 
Discontinued operations  0.00                   0.07    0.35 
Net (loss)/income $0.53                  0.53   $1.35 
                              
Earnings per share - Diluted                             
(Loss)/income from continuing operations $0.53                  0.46   $0.99 
Discontinued operations  0.00                  0.07   $0.35 
Net (loss)/income $0.53                  0.53   $1.34 
                              
Shares used in computing earnings per share:                             
  Basic  31,278                   31,278    31,255 
  Diluted  31,462                   31,462    31,476 

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