XML 54 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
Capital Stock (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of Share Repurchases
The Board had previously authorized the repurchase of shares of common stock as follows:
 
 
Shares Authorized for Purchase
January 1
 
Additional Shares
Authorized for
Purchase
 
Shares
Purchased
 
Plan Expiration
 
Shares
Authorized for
Purchase
December 31
2013
 
1,713,423

 
286,577

 

 

 
2,000,000

2014
 
2,000,000

 

 
150,000

 

 
1,850,000

2015
 
1,850,000

 

 
596,632

 
1,253,368

 

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, 2013
 
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

Vested restricted stock units
 
47,954

 
16,807

 
31,147

Treasury shares purchased
 

 
596,632

 
(596,632
)
Outstanding, December 31, 2015
 
112,405,302

 
32,310,937

 
80,094,365


(a) The Company repurchases shares in connection with the issuance of shares under stock-based compensation programs and in accordance with Board authorized share repurchase 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)
 
2015
 
2014
 
2013
Income (loss) from continuing operations attributable to Harsco Corporation common stockholders
 
$
7,168

 
$
(22,281
)
 
$
(231,356
)
 
 
 
 
 
 
 
Weighted-average shares outstanding—basic
 
80,234

 
80,884

 
80,755

Dilutive effect of stock-based compensation
 
131

 

 

Weighted-average shares outstanding—diluted
 
80,365

 
80,884

 
80,755

Income (loss) from continuing operations per common share, attributable to Harsco Corporation common stockholders:
Basic
 
$
0.09

 
$
(0.28
)
 
$
(2.86
)
 
 
 
 
 
 
 
Diluted
 
$
0.09

 
$
(0.28
)
 
$
(2.86
)
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)
 
2015
 
2014
 
2013
Restricted stock units
 

 
301

 
265

Stock options
 
98

 
188

 
286

Stock appreciation rights
 
1,142

 
912

 
1,078

Performance share units
 
278

 
93

 

Other stock-based compensation units
 

 

 
101