Issue link: http://read.dmtmag.com/i/276196
42 I Astec Industries, Inc. SELECTED CONSOLIDATED FINANCIAL DATA (in thousands, except as noted*) 2013 2012 2011 2010 2009 Consolidated Statement of Income Data Net sales $932,998 $936,273 $908,641 $737,084 $698,056 Gross profit 1, 4 207,119 207,951 211,533 175,929 147,540 Gross profit % 4 22.2% 22.2% 23.3% 23.9% 21.1% Selling, general and administrative expenses 2 133,337 136,323 132,371 109,354 100,651 Intangible asset impairment charge 3 -- -- -- -- 17,036 Research and development 18,101 20,520 20,764 15,987 16,257 Income from operations 4 55,681 51,108 58,398 50,588 13,596 Interest expense 423 339 190 339 532 Other income (expense), net 1,937 1,783 1,082 632 1,118 Net income from continuing operations 4 39,214 34,210 40,440 34,648 5,849 Income (loss) from discontinued operations, net of tax -- 3,401 225 (1,269) (2,080) Gain on sale of subsidiary, net of tax -- 3,378 -- -- -- Net income 4 39,214 40,989 40,665 33,379 3,769 Net income attributable to controlling interest 4 39,042 40,828 40,563 33,237 3,731 Earnings (loss) per common share* 4 Net income attributable to controlling interest from continuing operations Basic 1.72 1.50 1.79 1.53 0.26 Diluted 1.69 1.48 1.76 1.51 0.26 Income (loss) from discontinued operations Basic -- 0.30 0.01 (0.06) (0.09) Diluted -- 0.29 0.01 (0.06) (0.09) Net income attributable to controlling interest Basic 1.72 1.80 1.80 1.48 0.17 Diluted 1.69 1.77 1.76 1.46 0.16 Consolidated Balance Sheet Data Working capital 4 $388,880 $358,536 $333,719 $318,936 $278,721 Total assets 4 749,291 728,783 719,481 651,549 591,564 Total short-term debt -- -- -- -- -- Long-term debt, less current maturities -- -- -- -- -- Total equity 4 580,511 550,734 531,298 494,276 452,923 Cash dividends declared per common share* 0.30 1.00 -- -- -- Book value per diluted common share at year-end* 4 24.99 23.82 23.09 21.63 19.92 1 2011 Gross profit includes charges of $2,162,000 related to sale of utility product line assets in the Underground Group. 2 2011 Selling, general and administrative expenses include an impairment charge of $2,304,000 related to aviation equipment classified as held for sale during 2011. 3 2009 includes impairment charges, primarily goodwill, of $17,036,000, or $15,022,000 after tax. 4 Amounts shown for 2009-2012 have been increased from amounts previously reported in Forms 10-K due to a restatement for an error related to the elimination of intercompany profit on interdivisional sales. See Note 2 to the accompanying consolidated financial statements for additional details.