XML 14 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues from continuing operations:    
Service revenues $ 240,609 $ 225,494
Product revenues 131,932 127,787
Total revenues 372,541 353,281
Costs and expenses from continuing operations:    
Cost of services sold 188,901 189,817
Cost of products sold 98,866 93,244
Selling, general and administrative expenses 55,141 50,784
Research and development expenses 831 882
Other expenses 894 9,123
Total costs and expenses 344,633 343,850
Operating income from continuing operations 27,908 9,431
Interest income 512 535
Interest expense (11,653) (12,363)
Change in fair value to the unit adjustment liability and loss on dilution of equity method investment 0 (12,217)
Income (loss) from continuing operations before income taxes and equity income 16,767 (14,614)
Income tax (expense) benefit (6,253) 2,166
Equity income of unconsolidated entities, net 0 3,175
Income (loss) from continuing operations 10,514 (9,273)
Discontinued operations:    
Loss on disposal of discontinued business (588) (506)
Income tax benefit related to discontinued business 211 187
Loss from discontinued operations, net of tax (377) (319)
Net income (loss) 10,137 (9,592)
Less: Net income attributable to noncontrolling interests (1,247) (1,277)
Net income (loss) attributable to Harsco Corporation 8,890 (10,869)
Amounts attributable to Harsco Corporation common stockholders:    
Income (loss) from continuing operations, net of tax 9,267 (10,550)
Loss from discontinued operations, net of tax (377) (319)
Net income (loss) attributable to Harsco Corporation $ 8,890 $ (10,869)
Weighted-average shares of common stock outstanding (in shares) 80,385 80,238
Basic earnings (loss) per common share attributable to Harsco Corporation common stockholders:    
Continuing operations (in dollars per share) $ 0.12 $ (0.13)
Discontinued operations (in dollars per share) 0.00 0.00
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) [1] $ 0.11 $ (0.14)
Diluted weighted-average shares of common stock outstanding (in shares) 82,263 80,238
Diluted earnings (loss) per common share attributable to Harsco Corporation common stockholders:    
Continuing operations (in dollars per share) $ 0.11 $ (0.13)
Discontinued operations (in dollars per share) 0.00 0.00
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ 0.11 $ (0.14) [1]
[1] Does not total due to rounding