XML 14 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues from continuing operations:        
Service revenues $ 246,144 $ 239,057 $ 738,059 $ 714,177
Product revenues 138,509 128,730 414,033 376,824
Total revenues 384,653 367,787 1,152,092 1,091,001
Costs and expenses from continuing operations:        
Cost of services sold 193,314 192,812 574,905 574,137
Cost of products sold 96,469 93,499 296,062 312,131
Selling, general and administrative expenses 61,221 50,249 171,968 150,553
Research and development expenses 936 910 3,096 2,748
Other (income) expenses, net (1,237) 1,741 1,729 12,111
Total costs and expenses 350,703 339,211 1,047,760 1,051,680
Operating income from continuing operations 33,950 28,576 104,332 39,321
Interest income 610 673 1,615 1,760
Interest expense (12,123) (13,756) (36,181) (39,924)
Change in fair value to the unit adjustment liability and loss on dilution and sale of equity method investment 0 (44,788) 0 (58,494)
Income (loss) from continuing operations before income taxes and equity income 22,437 (29,295) 69,766 (57,337)
Income tax expense (8,270) (5,079) (25,757) (14,913)
Equity income of unconsolidated entities, net 0 3,205 0 5,686
Income (loss) from continuing operations 14,167 (31,169) 44,009 (66,564)
Discontinued operations:        
Income (loss) on disposal of discontinued business (578) (592) (538) 1,788
Income tax benefit (expense) related to discontinued business 207 217 193 (661)
Income (loss) from discontinued operations, net of tax (371) (375) (345) 1,127
Net income (loss) 13,796 (31,544) 43,664 (65,437)
Less: Net income attributable to noncontrolling interests (498) (1,443) (2,438) (4,592)
Net income (loss) attributable to Harsco Corporation 13,298 (32,987) 41,226 (70,029)
Amounts attributable to Harsco Corporation common stockholders:        
Income (loss) from continuing operations, net of tax 13,669 (32,612) 41,571 (71,156)
Income (loss) from discontinued operations, net of tax (371) (375) (345) 1,127
Net income (loss) attributable to Harsco Corporation $ 13,298 $ (32,987) $ 41,226 $ (70,029)
Weighted-average shares of common stock outstanding (in shares) 80,637 80,379 80,519 80,318
Basic earnings (loss) per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ 0.17 $ (0.41) $ 0.52 $ (0.89)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.01
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ 0.16 [1] $ (0.41) $ 0.51 [1] $ (0.87) [1]
Diluted weighted-average shares of common stock outstanding (in shares) 83,136 80,379 82,753 80,318
Diluted earnings (loss) per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ 0.16 $ (0.41) $ 0.50 $ (0.89)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.01
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ 0.16 $ (0.41) $ 0.50 $ (0.87) [1]
[1] Does not total due to rounding