THE TIMKEN COMPANY 44 year Ended December 31,  2011 2010 2009 (Dollars in millions, except per share data)  Net sales  $ 5,170.2  $ 4,055.5  $ 3,141.6  Cost of products sold   3,800.5   3,033.8   2,558.9  Gross Profit   1,369.7  1,021.7   582.7  Selling, administrative and general expenses   626.2   563.8   472.7  Impairment and restructuring charges   14.4   21.7   164.1  Operating Income (loss)  729.1   436.2   (54.1) Interest expense   (36.8)  (38.2)  (41.9) Interest income   5.6   3.7   1.9  Other (expense) income, net  (1.1)  3.8   (0.1) Income (loss) From continuing Operations before Income Taxes  696.8   405.5   (94.2) Provision for (benefit from) income taxes   240.2   136.0   (28.2) Income (loss) From continuing Operations  456.6   269.5   (66.0) Income (loss) from discontinued operations, net of income taxes –  7.4   (72.6) Net Income (loss)  456.6   276.9   (138.6) Less: Net income (loss) attributable to noncontrolling interest  2.3   2.1   (4.6) Net Income (loss) attributable to The Timken company $ 454.3 $ 274.8 $ (134.0) amounts attributable to The Timken company’s  common shareholders: Income (loss) from continuing operations, net of income taxes $ 454.3 $ 267.4 $ (61.4) Income (loss) from discontinued operations, net of income taxes – 7.4   (72.6) Net Income (loss) attributable to The Timken company $ 454.3 $ 274.8 $ (134.0) Net Income (loss) per common share attributable to  The Timken company common shareholders Earnings (loss) per share – Continuing Operations $ 4.65 $ 2.76 $ (0.64) Earnings (loss) per share – Discontinued Operations –  0.07   (0.75) basic earnings (loss) per share $ 4.65 $ 2.83 $ (1.39) Diluted earnings (loss) per share – Continuing Operations $ 4.59 $ 2.73 $ (0.64) Diluted earnings (loss) per share – Discontinued Operations –  0.08   (0.75) Diluted earnings (loss) per share $ 4.59 $ 2.81 $ (1.39) Dividends per share $ 0.78 $ 0.53 $ 0.45 See accompanying Notes to the Consolidated Financial Statements. CONsOlIdATEd sTATEMENTs OF INCOME ITEM 8. FINANCIAl sTATEMENTs ANd suPPlEMENTArY dATA