XML 54 R3.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues from continuing operations:        
Service revenues $ 292,209 $ 361,966 $ 579,637 $ 712,760
Product revenues 163,538 173,378 327,689 335,067
Total revenues 455,747 535,344 907,326 1,047,827
Costs and expenses from continuing operations:        
Cost of services sold 243,838 296,532 489,699 590,840
Cost of products sold 116,561 120,657 231,782 236,123
Selling, general and administrative expenses 58,463 77,969 122,365 144,763
Research and development expenses 1,514 1,058 2,433 3,721
Loss on disposal of the Harsco Infrastructure Segment and transaction costs 0 2,918 0 4,599
Other (income) expenses (358) 27,516 (13,563) 26,860
Total costs and expenses 420,018 526,650 832,716 1,006,906
Operating income from continuing operations 35,729 8,694 74,610 40,921
Interest income 431 410 687 707
Interest expense (11,818) (11,958) (23,702) (23,379)
Change in fair value to the unit adjustment liability (2,164) (2,473) (4,409) (5,019)
Income (loss) from continuing operations before income taxes and equity loss 22,178 (5,327) 47,186 13,230
Income tax expense (7,105) (4,843) (19,960) (10,154)
Equity in loss of unconsolidated entities, net (7,584) (3,518) (3,501) (4,748)
Income (loss) from continuing operations 7,489 (13,688) 23,725 (1,672)
Discontinued operations:        
Income (loss) on disposal of discontinued business 434 1,732 (212) 1,092
Income tax (expense) benefit related to discontinued business (161) (642) 78 (405)
Income (loss) from discontinued operations 273 1,090 (134) 687
Net income (loss) 7,762 (12,598) 23,591 (985)
Less: Net income attributable to noncontrolling interests (1,187) (14) (1,752) (1,416)
Net income (loss) attributable to Harsco Corporation 6,575 (12,612) 21,839 (2,401)
Amounts attributable to Harsco Corporation common stockholders:        
Income (loss) from continuing operations, net of tax 6,302 (13,702) 21,973 (3,088)
Income (loss) from discontinued operations 273 1,090 (134) 687
Net income (loss) attributable to Harsco Corporation $ 6,575 $ (12,612) $ 21,839 $ (2,401)
Weighted-average shares of common stock outstanding 80,221 80,885 80,230 80,850
Basic earnings (loss) per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ 0.08 $ (0.17) $ 0.27 $ (0.04)
Discontinued operations (in dollars per share) 0.00 0.01 0.00 0.01
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ 0.08 $ (0.16) $ 0.27 $ (0.03)
Diluted weighted-average shares of common stock outstanding (in shares) 80,418 80,885 80,385 80,850
Diluted earnings (loss) per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ 0.08 $ (0.17) $ 0.27 $ (0.04)
Discontinued operations (in dollars per share) 0.00 0.01 0.00 0.01
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) 0.08 (0.16) 0.27 (0.03)
Cash dividends declared per common share (in dollars per share) $ 0.205 $ 0.205 $ 0.410 $ 0.41