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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Electricity $ 112,273,000 $ 109,795,000 $ 339,826,000 $ 321,664,000
Product 44,912,000 74,822,000 186,621,000 174,408,000
Total revenues 157,185,000 184,617,000 526,447,000 496,072,000
Cost of revenues:        
Electricity 65,774,000 66,481,000 197,249,000 192,410,000
Product 32,218,000 43,647,000 125,102,000 99,504,000
Total cost of revenues 97,992,000 110,128,000 322,351,000 291,914,000
Gross profit 59,193,000 74,489,000 204,096,000 204,158,000
Operating expenses:        
Research and development expenses 716,000 1,086,000 2,368,000 2,030,000
Selling and marketing expenses 3,630,000 4,793,000 12,083,000 12,136,000
General and administrative expenses 10,877,000 19,093,000 33,027,000 36,625,000
Write-off of unsuccessful exploration activities 0 1,294,000 0 2,714,000
Operating income 43,970,000 48,223,000 156,618,000 150,653,000
Other income (expense):        
Interest income 255,000 266,000 861,000 831,000
Interest expense, net (11,692,000) (17,137,000) (41,155,000) (51,561,000)
Derivatives and foreign currency transaction gains (losses) (1,001,000) (222,000) 2,040,000 (2,592,000)
Income attributable to sale of tax benefits 3,506,000 3,463,000 14,019,000 12,380,000
Other non-operating expense, net (1,592,000) (5,546,000) (1,678,000) (5,306,000)
Income from continuing operations before income taxes and equity in losses of investees 33,446,000 29,047,000 130,705,000 104,405,000
Income tax provision (11,003,000) (11,988,000) (28,258,000) (29,387,000)
Equity in earnings (losses) of investees, net 337,000 (2,653,000) (1,690,000) (4,734,000)
Income from continuing operations 22,780,000 14,406,000 100,757,000 70,284,000
Net income attributable to noncontrolling interest (3,599,000) (2,326,000) (11,228,000) (4,584,000)
Net income attributable to the Company's stockholders 19,181,000 12,080,000 89,529,000 65,700,000
Comprehensive income:        
Net income 22,780,000 14,406,000 100,757,000 70,284,000
Other comprehensive income (loss), net of related taxes:        
Change in foreign currency translation adjustments 1,005,000 2,544,000
Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of unconsolidated investment 618,000 1,337,000 271,000 (3,829,000)
Loss in respect of derivative instruments designated for cash flow hedge 20,000 22,000 62,000 65,000
Amortization of unrealized gains in respect of derivative instruments designated for cash flow hedge (18,000) (24,000) (57,000) (72,000)
Comprehensive income 24,405,000 15,741,000 103,577,000 66,448,000
Comprehensive income attributable to noncontrolling interest (4,006,000) (2,326,000) (11,950,000) (4,584,000)
Comprehensive income attributable to the Company's stockholders $ 20,399,000 $ 13,415,000 $ 91,627,000 $ 61,864,000
Basic:        
Net income (in dollars per share) $ 0.38 $ 0.24 $ 1.79 $ 1.33
Diluted:        
Net income (in dollars per share) $ 0.38 $ 0.24 $ 1.77 $ 1.31
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:        
Basic (in shares) 50,367 49,599 49,942 49,410
Diluted (in shares) 50,867 50,289 50,669 50,097
Dividend per share declared (in dollars per share) $ 0.08 $ 0.07 $ 0.33 $ 0.45