XML 45 R43.htm IDEA: XBRL DOCUMENT v2.4.1.9
Capital Stock (Tables)
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Schedule of Share Repurchases
The Board has authorized the repurchase of shares of common stock as follows:
 
 
Shares Authorized
to be Purchased
January 1
 
Additional Shares
Authorized for
Purchase
 
Shares
Purchased
 
Remaining Shares
Authorized for
Purchase
December 31
2012
 
1,713,423

 

 

 
1,713,423

2013
 
1,713,423

 
286,577

 

 
2,000,000

2014
 
2,000,000

 

 
150,000

 
1,850,000

Schedule of Common Stock Outstanding Roll Forward
The following table summarizes the Company's common stock:
 
 
Common Stock
 
 
Shares
Issued
 
Treasury
Shares (a)
 
Outstanding
Shares
Outstanding, January 1, 2012
 
111,931,267

 
31,454,097

 
80,477,170

Stock options exercised
 
38,900

 

 
38,900

Vested restricted stock units
 
45,898

 
14,677

 
31,221

Other stock grants
 
47,873

 
10,536

 
37,337

Outstanding, December 31, 2012
 
112,063,938

 
31,479,310

 
80,584,628

Stock options exercised
 
20,000

 

 
20,000

Vested restricted stock units
 
25,215

 
9,358

 
15,857

Stock appreciation rights exercised
 
2,713

 
521

 
2,192

Other stock grants
 
86,827

 
30,579

 
56,248

Outstanding, December 31, 2013
 
112,198,693

 
31,519,768

 
80,678,925

Vested restricted stock units
 
65,851

 
4,418

 
61,433

Stock appreciation rights exercised
 
9,213

 
2,985

 
6,228

Other stock grants
 
83,591

 
20,327

 
63,264

Treasury shares purchased
 

 
150,000

 
(150,000
)
Outstanding, December 31, 2014
 
112,357,348

 
31,697,498

 
80,659,850


(a) The Company repurchases shares in connection with the issuance of shares under stock-based compensation programs.
Schedule of Earnings Per Share, Basic and Diluted
The following is a reconciliation of the average shares of common stock used to compute basic earnings per common share to the shares used to compute diluted earnings per common share as shown in the Consolidated Statements of Operations:
(In thousands, except per share data)
 
2014
 
2013
 
2012
Loss from continuing operations attributable to Harsco Corporation common stockholders
 
$
(22,281
)
 
$
(231,356
)
 
$
(258,889
)
 
 
 
 
 
 
 
Weighted-average shares outstanding—basic
 
80,884

 
80,755

 
80,632

Dilutive effect of stock-based compensation
 

 

 

Weighted-average shares outstanding—diluted
 
80,884

 
80,755

 
80,632

Loss from continuing operations per common share, attributable to Harsco Corporation common stockholders:
Basic
 
$
(0.28
)
 
$
(2.86
)
 
$
(3.21
)
 
 
 
 
 
 
 
Diluted
 
$
(0.28
)
 
$
(2.86
)
 
$
(3.21
)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following average outstanding stock-based compensation units were not included in the computation of diluted earnings per share because the effect was antidilutive:
(In thousands)
 
2014
 
2013
 
2012
Restricted stock units
 
301

 
265

 
148

Stock options
 
188

 
286

 
389

Stock appreciation rights
 
912

 
1,078

 
530

Performance share units
 
93

 

 

Other stock-based compensation units
 

 
101

 
317