Selected Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Information

18. Selected Quarterly Financial Information (unaudited, in thousands, except per share amounts)

		September 30,		September 30,		September 30,			September 30,
	Quarter Ended
Year ended December 31, 2011	March 31,		June 30,		September 30,			December 31,
Revenues	$	279,899	$	252,422	$	268,845		$	306,199
Operating income		27,452		23,484		14,371			28,127
Income before income taxes and equity in net income (losses) of affiliates		36,912		26,105		17,189			29,784
Equity in net income (losses) of affiliates		46,246		23,940		(77,262	)		113,405
Net income (loss)		67,795		29,626		(77,298	)		107,051
Net income (loss) attributable to Loral common shareholders		67,819		29,333		(77,368	)		106,893
Basic and diluted income (loss) per share(1):
Basic income (loss) per share		2.21		0.96		(2.52	)		3.48
Diluted income (loss) per share		2.10		0.91		(2.52	)		3.28

		September 30,			September 30,			September 30,		September 30,
	Quarter Ended
Year ended December 31, 2010	March 31,			June 30,			September 30,		December 31,
Revenues	$	228,914		$	279,962		$	323,438	$	326,671
Operating income (loss)		(16,267	)		23,098			39,621		34,156
Income (loss) before income taxes and equity in net income (losses) of affiliates		(13,704	)		26,355			41,462		38,981
Equity in net income (losses) of affiliates		44,592			(44,374	)		40,011		45,396
Net income (loss)		29,373			(19,665	)		72,392		405,241
Net income (loss) attributable to Loral common shareholders		29,373			(19,665	)		72,392		404,746
Basic and diluted income (loss) per share(1):
Basic income (loss) per share		0.98			(0.66	)		2.40		13.36
Diluted income (loss) per share		0.97			(0.66	)		2.29		12.87

⁽¹⁾  The quarterly earnings per share information is computed separately for each period. Therefore, the sum of such quarterly per share amounts may differ from the total for the year.