XML 14 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues from continuing operations:        
Total revenues $ 445,475 $ 384,653 $ 1,285,485 $ 1,152,092
Costs and expenses from continuing operations:        
Selling, general and administrative costs 59,297 59,993 175,307 168,315
Research and development expenses 1,720 936 4,377 3,096
Other (income) expenses, net 628 (1,237) 1,570 1,729
Total costs and expenses 388,366 350,024 1,138,210 1,045,707
Operating income from continuing operations 57,109 34,629 147,275 106,385
Interest income 574 610 1,649 1,615
Interest expense (9,665) (12,122) (29,241) (36,180)
Defined benefit pension income (expense) 928 (680) 2,671 (2,054)
Loss on early extinguishment of debt (125) 0 (1,159) 0
Income from continuing operations before income taxes 48,821 22,437 121,195 69,766
Income tax expense (13,833) (8,270) (24,043) (25,757)
Income from continuing operations 34,988 14,167 97,152 44,009
Discontinued operations:        
Loss on disposal of discontinued business (433) (578) (274) (538)
Income tax benefit related to discontinued business 96 207 61 193
Loss from discontinued operations, net of tax (337) (371) (213) (345)
Net income 34,651 13,796 96,939 43,664
Less: Net income attributable to noncontrolling interests (1,804) (498) (5,795) (2,438)
Net income attributable to Harsco Corporation 32,847 13,298 91,144 41,226
Amounts attributable to Harsco Corporation common stockholders:        
Income from continuing operations, net of tax 33,184 13,669 91,357 41,571
Loss from discontinued operations, net of tax (337) (371) (213) (345)
Net income attributable to Harsco Corporation $ 32,847 $ 13,298 $ 91,144 $ 41,226
Weighted-average shares of common stock outstanding (in shares) 80,950 80,637 80,821 80,519
Basic earnings per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ 0.41 $ 0.17 $ 1.13 $ 0.52
Discontinued operations (in dollars per share) 0 0 0 0
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ 0.41 $ 0.16 [1] $ 1.13 $ 0.51 [1]
Diluted weighted-average shares of common stock outstanding (in shares) 83,879 83,136 83,690 82,753
Diluted earnings per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ 0.40 $ 0.16 $ 1.09 $ 0.50
Discontinued operations (in dollars per share) 0 0 0 0
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ 0.39 [1] $ 0.16 $ 1.09 $ 0.50
Service Revenues [Member]        
Revenues from continuing operations:        
Total revenues $ 250,890 $ 246,144 $ 763,815 $ 738,059
Costs and expenses from continuing operations:        
Cost of services and products sold 194,459 194,483 589,738 577,200
Product Revenues [Member]        
Revenues from continuing operations:        
Total revenues 194,585 138,509 521,670 414,033
Costs and expenses from continuing operations:        
Cost of services and products sold $ 132,262 $ 95,849 $ 367,218 $ 295,367
[1] Does not total due to rounding