ROBBINS & MYERS INC

CIK:0000084290|SEC Filings

Net Income per Share (Tables)

3 Months Ended

Nov. 30, 2012

The following table sets forth the computation of basic and diluted net income per share:


	Three Months Ended November 30,
	2012		2011
	(In thousands, except per share data)
Numerator:
Net income attributable to Robbins & Myers, Inc.	$	32,028	$	35,257

Denominator:
Basic weighted average shares		42,189		45,842
Effect of dilutive options and restricted shares/units		190		218

Diluted weighted average shares		42,379		46,060


Basic net income per share	$	0.76	$	0.77

Diluted net income per share	$	0.76	$	0.77


Anti-dilutive options (excluded from diluted net income per share computations)		—		28

CONSOLIDATED CONDENSED STATEMENT OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Nov. 30, 2012	Nov. 30, 2011
Operating Activities:
Net income including noncontrolling interest	$ 32,151	$ 35,455
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation	5,418	4,889
Amortization	2,941	3,003
Stock compensation expense	831	709
Changes in operating assets and liabilities:
Accounts receivable	2,714	(9,586)
Inventories	(12,088)	(8,967)
Accounts payable	(5,635)	(2,135)
Accrued expenses	(663)	4,652
Other	(1,077)	901
Net Cash and Cash Equivalents Provided by Operating Activities	24,592	28,921
Investing Activities:
Capital expenditures, net of nominal disposals	(5,069)	(6,813)
Net Cash and Cash Equivalents Used by Investing Activities	(5,069)	(6,813)
Financing Activities:
Proceeds from debt borrowings	2,135	3,909
Repayments of debt borrowings	(1,794)	(3,459)
Share repurchase program		(15,607)
Common stock activity, net	(386)	970
Cash dividends paid	(2,110)	(2,067)
Net Cash and Cash Equivalents Used by Financing Activities	(2,155)	(16,254)
Exchange Rate Impact on Cash	580	(5,007)
Increase in Cash and Cash Equivalents	17,948	847
Cash and Cash Equivalents at Beginning of Period	166,925	230,606
Cash and Cash Equivalents at End of Period	$ 184,873	$ 231,453

CONSOLIDATED CONDENSED BALANCE SHEET (USD $) In Thousands, unless otherwise specified	Nov. 30, 2012	Aug. 31, 2012
Current Assets:
Cash and cash equivalents	$ 184,873	$ 166,925
Accounts receivable	177,715	180,047
Inventories:
Finished products	88,546	78,677
Work in process	50,193	49,305
Raw materials	36,544	34,731
Total Inventories	175,283	162,713
Other current assets	13,396	11,206
Deferred taxes	21,074	21,169
Total Current Assets	572,341	542,060
Goodwill	579,355	577,874
Other Intangible Assets	192,796	195,730
Deferred Taxes	24,636	25,200
Other Assets	12,764	12,663
Property, Plant and Equipment	421,079	415,646
Less accumulated depreciation	(251,201)	(245,910)
Total Property, Plant and Equipment	169,878	169,736
TOTAL ASSETS	1,551,770	1,523,263
Current Liabilities:
Accounts payable	90,480	95,698
Accrued expenses	99,580	99,319
Current portion of long-term debt	494	153
Total Current Liabilities	190,554	195,170
Long-Term Debt-Less Current Portion
Deferred Taxes	134,874	134,758
Other Long-Term Liabilities	103,610	102,056
Robbins & Myers, Inc. Shareholders' Equity:
Common stock	515,018	514,573
Retained earnings	669,990	640,072
Accumulated other comprehensive loss	(77,288)	(78,277)
Total Robbins & Myers, Inc. Shareholders' Equity	1,107,720	1,076,368
Noncontrolling Interest	15,012	14,911
Total Equity	1,122,732	1,091,279
TOTAL LIABILITIES AND EQUITY	$ 1,551,770	$ 1,523,263