XML 17 R3.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues from continuing operations:    
Service revenues $ 225,494 $ 287,428
Product revenues 127,787 164,151
Total revenues 353,281 451,579
Costs and expenses from continuing operations:    
Cost of services sold 189,817 245,861
Cost of products sold 93,244 115,221
Selling, general and administrative expenses 50,784 63,902
Research and development expenses 882 919
Other (income) expenses 9,123 (13,205)
Total costs and expenses 343,850 412,698
Operating income from continuing operations 9,431 38,881
Interest income 535 256
Interest expense (12,363) (11,884)
Change in fair value to the unit adjustment liability and loss on dilution of equity method investment (12,217) (2,245)
Income (loss) from continuing operations before income taxes and equity income (14,614) 25,008
Income tax benefit (expense) 2,166 (12,855)
Equity in income of unconsolidated entities, net 3,175 4,083
Income (loss) from continuing operations (9,273) 16,236
Discontinued operations:    
Loss on disposal of discontinued business (506) (646)
Income tax benefit related to discontinued business 187 239
Loss from discontinued operations, net of tax (319) (407)
Net income (loss) (9,592) 15,829
Less: Net income attributable to noncontrolling interests (1,277) (565)
Net income (loss) attributable to Harsco Corporation (10,869) 15,264
Amounts attributable to Harsco Corporation common stockholders:    
Income (loss) from continuing operations, net of tax (10,550) 15,671
Loss from discontinued operations, net of tax (319) (407)
Net income (loss) attributable to Harsco Corporation $ (10,869) $ 15,264
Weighted-average shares of common stock outstanding 80,238 80,240
Basic earnings (loss) per common share attributable to Harsco Corporation common stockholders:    
Continuing operations (in dollars per share) $ (0.13) $ 0.20
Discontinued operations (in dollars per share) 0.00 (0.01)
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ (0.14) $ 0.19 [1]
Diluted weighted-average shares of common stock outstanding (in shares) 80,238 80,352
Diluted earnings (loss) per common share attributable to Harsco Corporation common stockholders:    
Continuing operations (in dollars per share) $ (0.13) $ 0.20
Discontinued operations (in dollars per share) 0.00 (0.01)
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) (0.14) 0.19 [1]
Cash dividends declared per common share (in dollars per share) $ 0 $ 0.205
[1] Does not total due to rounding.