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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Condensed Consolidated Statements of Operations and Comprehensive Income [Abstract]        
Selling, general and administrative expenses $ 4,264 $ 3,674 $ 8,875 $ 8,767
Gain on disposition of net assets   5,118   5,118
Operating (loss) income (4,264) 1,444 (8,875) (3,649)
Interest and investment income 398 395 890 2,461
Interest expense (29) (31) (57) (59)
Gain on litigation, net   65   4,535
Other expense (233) (1,518) (623) (3,492)
(Loss) income from continuing operations before income taxes and equity in net (loss) income of affiliates (4,128) 355 (8,665) (204)
Income tax benefit (provision) 5,763 (9,454) 2,541 (11,951)
Income (loss) from continuing operations before equity in net (loss) income of affiliates 1,635 (9,099) (6,124) (12,155)
Equity in net (loss) income of affiliates (11,353) 23,940 (4,484) 70,186
(Loss) income from continuing operations (9,718) 14,841 (10,608) 58,031
Income from discontinued operations, net of tax 4,937 14,785 13,445 39,390
Net (loss) income (4,781) 29,626 2,837 97,421
Net loss (income) attributable to noncontrolling interest 3 (293) 16 (269)
Net (loss) income attributable to Loral common shareholders (4,778) 29,333 2,853 97,152
Other comprehensive income (loss), net of tax 2,414 1,994 5,211 (5,110)
Comprehensive income attributable to Loral common shareholders $ (2,364) $ 31,327 $ 8,064 $ 92,042
Basic        
(Loss) income from continuing operations $ (0.32) $ 0.48 $ (0.35) $ 1.89
Income from discontinued operations, net of tax $ 0.16 $ 0.48 $ 0.44 $ 1.28
Net (loss) income $ (0.16) $ 0.96 $ 0.09 $ 3.17
Diluted        
(Loss) income from continuing operations $ (0.32) $ 0.44 $ (0.35) $ 1.76
Income from discontinued operations, net of tax $ 0.16 $ 0.47 $ 0.44 $ 1.25
Net (loss) income $ (0.16) $ 0.91 $ 0.09 $ 3.01
Weighted average common shares outstanding:        
Basic 30,704 30,698 30,653 30,668
Diluted 30,704 31,143 30,653 31,241