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Revised Financial Statements (Tables)
9 Months Ended
Sep. 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
 
 
September 30, 2014
(In thousands, except per share amounts)
 
As Previously Reported
 
Revision
 
As Revised
Costs and expenses from continuing operations:
 
 
 
 
 
 
Cost of services sold
 
$
285,098

 
$
(2,191
)
 
$
282,907

Selling, general and administrative expenses
 
68,289

 
(515
)
 
67,774

Total costs and expenses
 
480,639

 
(2,706
)
 
477,933

 
 
 
 
 
 
 
Operating income from continuing operations
 
$
45,738

 
$
2,706

 
$
48,444

Income from continuing operations before income taxes and equity income
 
31,946

 
2,706

 
34,652

Income tax expense
 
(11,671
)
 
(2,254
)
 
(13,925
)
Equity in income of unconsolidated entities, net
 
5,295

 
510

 
5,805

Income from continuing operations
 
25,570

 
962

 
26,532

Net income
 
25,167

 
962

 
26,129

Net income attributable to Harsco Corporation
 
23,635

 
962

 
24,597

 
 
 
 
 
 
 
Amounts attributable to Harsco Corporation common stockholders:
Income from continuing operations, net of tax
 
$
24,038

 
$
962

 
$
25,000

Net income attributable to Harsco Corporation common stockholders
 
23,635

 
962

 
24,597

 
 
 
 
 
 
 
Basic income per common share attributable to Harsco Corporation common stockholders:
Continuing operations
 
$
0.30

 
$
0.01

 
$
0.31

Basic income per share attributable to Harsco Corporation common stockholders
 
0.29

 
0.01

 
0.30

 
 
 
 
 
 
 
Diluted income per common share attributable to Harsco Corporation common stockholders:
Continuing operations
 
$
0.30

 
$
0.01

 
$
0.31

Diluted income per share attributable to Harsco Corporation common stockholders
 
0.29

 
0.01

 
0.30

 
 
Nine Months Ended
 
 
September 30, 2014
(In thousands, except per share amounts)
 
As Previously Reported
 
Revision
 
As Revised
Revenues from continuing operations:
 
 
 
 
 
 
Service revenues
 
$
1,054,040

 
$
551

 
$
1,054,591

Total revenues
 
1,573,653

 
551

 
1,574,204

 
 
 
 
 
 
 
Costs and expenses from continuing operations:
 
 
 
 
 
 
Cost of services sold
 
$
875,898

 
$
(2,151
)
 
$
873,747

Selling, general and administrative expenses
 
213,052

 
(515
)
 
212,537

Research and development expenses
 
5,456

 
(881
)
 
4,575

Loss on disposal of the Harsco Infrastructure Segment and transaction costs
 
5,607

 
(954
)
 
4,653

Total costs and expenses
 
1,489,340

 
(4,501
)
 
1,484,839

 
 
 
 
 
 
 
Operating income from continuing operations
 
$
84,313

 
$
5,052

 
$
89,365

Income from continuing operations before income taxes and equity income
 
42,830

 
5,052

 
47,882

Income tax expense
 
(20,424
)
 
(3,655
)
 
(24,079
)
Income from continuing operations
 
23,463

 
1,397

 
24,860

Net income
 
23,747

 
1,397

 
25,144

Net income attributable to Harsco Corporation
 
20,799

 
1,397

 
22,196

 
 
 
 
 
 
 
Amounts attributable to Harsco Corporation common stockholders:
Income from continuing operations, net of tax
 
$
20,515

 
$
1,397

 
$
21,912

Net income attributable to Harsco Corporation common stockholders
 
20,799

 
1,397

 
22,196

 
 
 
 
 
 
 
Basic income per common share attributable to Harsco Corporation common stockholders:
Continuing operations
 
$
0.25

 
$
0.02

 
$
0.27

Basic income per share attributable to Harsco Corporation common stockholders
 
0.26

 
0.01

 
0.27

 
 
 
 
 
 
 
Diluted earnings per common share attributable to Harsco Corporation common stockholders:
Continuing operations
 
$
0.25

 
$
0.02

 
$
0.27

Diluted income per share attributable to Harsco Corporation common stockholders
 
0.26

 
0.01

 
0.27


 
 
Nine Months Ended
 
 
September 30, 2014
(In thousands)
 
As Previously Reported
 
Revision
 
As Revised
Net cash provided (used) by:
 
 
 
 
 
 
Operating activities
 
$
184,409

 
$
881

 
$
185,290

Investing activities
 
(149,948
)
 
(881
)
 
(150,829
)