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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Revenue $ 185,232 $ 183,710
Cost of revenues:    
Cost of revenues 109,163 113,805
Gross profit 76,069 69,905
Operating expenses:    
Research and development expenses 1,288 1,064
Selling and marketing expenses 3,948 4,365
General and administrative expenses 17,667 17,572
Write-off of Energy Storage projects and assets 0 1,826
Operating income 53,166 45,078
Other income (expense):    
Interest income 1,851 342
Interest expense, net (23,631) (21,081)
Derivatives and foreign currency transaction gains (losses) (1,937) 260
Income attributable to sale of tax benefits 12,566 7,705
Other non-operating income, net 60 75
Income from operations before income tax and equity in earnings of investees 42,075 32,379
Income tax provision (8,885) (10,163)
Equity in earnings of investees 271 577
Net income 33,461 22,793
Net income attributable to noncontrolling interest (4,432) (4,363)
Net income attributable to the Company's stockholders 29,029 18,430
Comprehensive income:    
Net income 33,461 22,793
Other comprehensive income (loss), net of related taxes:    
Change in foreign currency translation adjustments (696) (1,156)
Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of unconsolidated investment that qualifies as a cash flow hedge (1,014) 3,902
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (5,403) (1,905)
Change in unrealized gains or losses on marketable securities available-for-sale (net of related tax) 0 (101)
Other changes in comprehensive income 14 15
Total other comprehensive income (loss), net of related taxes: (7,099) 755
Comprehensive income 26,362 23,548
Comprehensive income attributable to noncontrolling interest (4,042) (4,064)
Comprehensive income attributable to the Company's stockholders $ 22,320 $ 19,484
Earnings per share attributable to the Company's stockholders:    
Basic: (in dollars per share) $ 0.51 $ 0.33
Diluted: (in dollars per share) $ 0.51 $ 0.33
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:    
Basic (in shares) 56,710 56,063
Diluted (in shares) 57,104 56,366
Electricity [Member]    
Revenues:    
Revenue $ 170,310 $ 162,525
Cost of revenues:    
Cost of revenues 94,758 94,521
Product [Member]    
Revenues:    
Revenue 10,042 14,628
Cost of revenues:    
Cost of revenues 9,351 13,613
Energy Storage and Management Services [Member]    
Revenues:    
Revenue 4,880 6,557
Cost of revenues:    
Cost of revenues $ 5,054 $ 5,671