POWELL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (In thousands) POWELL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) The accompanying notes are an integral part of these consolidated financial statements.  Year Ended September 30,  2013 2012 2011 Revenues  $ 674,772  $ 717,19 4 $ 562,397 Cost of goods sold  527,9 3 6 577, 256 462,467 Gross profit  146,836 139,938 99,930 Selling, general and administrative expenses  83,539 81,295 77,5 3 8 Research and development expenses 8,521 7,6 52 7,520 Amortization of intangible assets  1,659 2,599 4,752 Restructuring and relocation costs 3,927 — — Impairments — — 7,158 Operating income  49,190 48,392 2,962 Gain on sale of investment — — (1,229) Gain on settlement (1,709) — — Interest expense  202 272 408 Interest income  (35) (114) (214) Income before income taxes  50,732 48,234 3,997 Income tax provision  8,656 18,577 6,712 Net income (loss) $ 42,076  $ 29,657  $ (2,715) Earnings (loss) per share: Basic  $ 3.52  $ 2.50  $ (0.23) Diluted  $ 3.51  $ 2.49  $ (0.23) Weighted average shares: Basic  11,948 11,850 11,735 Diluted  11,994 11,925 11,735 Year Ended September 30,  2013 2012 2011 Net income (loss) $ 42,076  $ 29,657  $ (2,715) Foreign currency translation adjustment (1,719) 833 (19) Unrealized gain on cash flow hedges, net of tax — — 111 Postretirement benefit adjustment, net of tax 25 159 (111) Comprehensive income (loss) $ 40,382  $ 30,649  $ (2,734) 25