XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Operations And Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Condensed Consolidated Statements Of Operations And Comprehensive Income [Abstract]    
Revenues $ 286,713 $ 279,899
Cost of revenues (259,870) (231,521)
Selling, general and administrative expenses (29,096) (20,926)
Operating (loss) income (2,253) 27,452
Interest and investment income 10,596 7,573
Interest expense (652) (632)
Gain on litigation, net   4,470
Other expense (360) (1,951)
Income before income taxes and equity in net income of affiliates 7,331 36,912
Income tax provision (6,582) (15,363)
Income before equity in net income of affiliates 749 21,549
Equity in net income of affiliates 6,869 46,246
Net income 7,618 67,795
Net loss attributable to noncontrolling interest 13 24
Net income attributable to Loral common shareholders 7,631 67,819
Other comprehensive income (loss), net of tax 2,797 (7,104)
Comprehensive income attributable to Loral common shareholders $ 10,428 $ 60,715
Net income per share attributable to Loral common shareholders:    
Basic $ 0.25 $ 2.21
Diluted $ 0.24 $ 2.10
Weighted average common shares outstanding:    
Basic 30,602,000 30,637,000
Diluted 30,958,000 31,338,000