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Revised Financial Statements (Tables)
6 Months Ended
Jun. 30, 2015
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The impact of revising the Company’s Condensed Consolidated Balance Sheets, Condensed Statements of Operations and Condensed Consolidated Statements of Cash Flows for all periods presented are as follows:
 
 
December 31, 2014
(In thousands)
 
As Previously Reported
 
Revision
 
As Revised
ASSETS
 
 
 
 
 
 
Inventories
 
$
177,265

 
$
1,657

 
$
178,922

Total current assets
 
681,822

 
1,657

 
683,479

Other assets
 
155,551

 
3,769

 
159,320

Total assets
 
2,263,801

 
5,426

 
2,269,227

 
 
 
 
 
 
 
LIABILITIES
 
 
 
 
 
 
Other liabilities
 
$
25,849

 
$
11,850

 
$
37,699

Total liabilities
 
1,905,467

 
11,850

 
1,917,317

 
 
 
 
 
 
 
HARSCO CORPORATION STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
Accumulated other comprehensive loss
 
$
(532,491
)
 
$
235

 
$
(532,256
)
Retained earnings
 
1,290,208

 
(6,659
)
 
1,283,549

Total Harsco Corporation stockholders’ equity
 
314,012

 
(6,424
)
 
307,588

Total equity
 
358,334

 
(6,424
)
 
351,910

Total liabilities and equity
 
2,263,801

 
5,426

 
2,269,227

 
 
Three Months Ended
 
 
June 30, 2014
(In thousands, except per share amounts)
 
As Previously Reported
 
Revision
 
As Revised
Revenues from continuing operations:
 
 
 
 
 
 
Service revenues
 
$
361,199

 
$
767

 
$
361,966

Total revenues
 
534,577

 
767

 
535,344

 
 
 
 
 
 
 
Costs and expenses from continuing operations:
 
 
 
 
 
 
Cost of services sold
 
$
296,801

 
$
(269
)
 
$
296,532

Research and development expenses
 
1,983

 
(925
)
 
1,058

Loss on disposal of the Harsco Infrastructure Segment and transaction costs
 
3,415

 
(497
)
 
2,918

Total costs and expenses
 
528,341

 
(1,691
)
 
526,650

 
 
 
 
 
 
 
Operating income from continuing operations
 
$
6,236

 
$
2,458

 
$
8,694

Loss from continuing operations before income taxes and equity loss
 
(7,785
)
 
2,458

 
(5,327
)
Income tax expense
 
(4,258
)
 
(585
)
 
(4,843
)
Equity in loss of unconsolidated entities, net
 
(3,008
)
 
(510
)
 
(3,518
)
Loss from continuing operations
 
(15,051
)
 
1,363

 
(13,688
)
Net loss
 
(13,961
)
 
1,363

 
(12,598
)
Net loss attributable to Harsco Corporation
 
(13,975
)
 
1,363

 
(12,612
)
 
 
 
 
 
 
 
Amounts attributable to Harsco Corporation common stockholders:
Loss from continuing operations, net of tax
 
$
(15,065
)
 
$
1,363

 
$
(13,702
)
Net loss attributable to Harsco Corporation common stockholders
 
(13,975
)
 
1,363

 
(12,612
)
 
 
 
 
 
 
 
Basic loss per common share attributable to Harsco Corporation common stockholders:
Continuing operations
 
$
(0.19
)
 
$
0.02

 
$
(0.17
)
Basic loss per share attributable to Harsco Corporation common stockholders
 
(0.17
)
 
0.01

 
(0.16
)
 
 
 
 
 
 
 
Diluted loss per common share attributable to Harsco Corporation common stockholders:
Continuing operations
 
$
(0.19
)
 
$
0.02

 
$
(0.17
)
Diluted loss per share attributable to Harsco Corporation common stockholders
 
(0.17
)
 
0.01

 
(0.16
)
 
 
Six Months Ended
 
 
June 30, 2014
(In thousands, except per share amounts)
 
As Previously Reported
 
Revision
 
As Revised
Revenues from continuing operations:
 
 
 
 
 
 
Service revenues
 
$
712,209

 
$
551

 
$
712,760

Total revenues
 
1,047,276

 
551

 
1,047,827

 
 
 
 
 
 
 
Costs and expenses from continuing operations:
 
 
 
 
 
 
Cost of services sold
 
$
590,800

 
$
40

 
$
590,840

Research and development expenses
 
4,602

 
(881
)
 
3,721

Loss on disposal of the Harsco Infrastructure Segment and transaction costs
 
5,553

 
(954
)
 
4,599

Total costs and expenses
 
1,008,701

 
(1,795
)
 
1,006,906

 
 
 
 
 
 
 
Operating income from continuing operations
 
$
38,575

 
$
2,346

 
$
40,921

Income from continuing operations before income taxes and equity loss
 
10,884

 
2,346

 
13,230

Income tax expense
 
(8,753
)
 
(1,401
)
 
(10,154
)
Equity in loss of unconsolidated entities, net
 
(4,238
)
 
(510
)
 
(4,748
)
Loss from continuing operations
 
(2,107
)
 
435

 
(1,672
)
Net loss
 
(1,420
)
 
435

 
(985
)
Net loss attributable to Harsco Corporation
 
(2,836
)
 
435

 
(2,401
)
 
 
 
 
 
 
 
Amounts attributable to Harsco Corporation common stockholders:
Loss from continuing operations, net of tax
 
$
(3,523
)
 
$
435

 
$
(3,088
)
Net loss attributable to Harsco Corporation common stockholders
 
(2,836
)
 
435

 
(2,401
)
 
 
 
 
 
 
 
Basic loss per common share attributable to Harsco Corporation common stockholders:
Basic loss per share attributable to Harsco Corporation common stockholders
 
(0.04
)
 
0.01

 
(0.03
)
 
 
 
 
 
 
 
Diluted earnings per common share attributable to Harsco Corporation common stockholders:
Diluted loss per share attributable to Harsco Corporation common stockholders
 
(0.04
)
 
0.01

 
(0.03
)

 
 
Six Months Ended
 
 
June 30, 2014
(In thousands)
 
As Previously Reported
 
Revision
 
As Revised
Net cash provided (used) by:
 
 
 
 
 
 
Operating activities
 
$
74,449

 
$
881

 
$
75,330

Investing activities
 
(98,928
)
 
(881
)
 
(99,809
)