Recently Adopted and Recently Issued Accounting Standards (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Changes and Error Corrections [Abstract]

Cumulative Effect of Changes

The cumulative effect of the changes made to the Consolidated Balance Sheet at January 1, 2018 was as follows:

(In thousands)	Balance at December 31, 2017			Impact of Adoption			Balance at January 1, 2018
ASSETS
Current assets:
Trade accounts receivable, net	$	288,034		$	532		$	288,566
Inventories	178,293			(59,793		)	118,500
Current portion of contract assets	—			18,248			18,248
Other current assets	39,332			179			39,511
Total current assets	592,092			(40,834		)	551,258
Contract assets	—			3,566			3,566
Other assets	15,263			1,337			16,600
Total assets	1,578,685			(35,931		)	1,542,754
LIABILITIES
Current liabilities:
Current portion of advances on contracts	117,958			(78,507		)	39,451
Other current liabilities	133,368			13,995			147,363
Total current liabilities	474,128			(64,512		)	409,616
Advances on contracts	—			24,564			24,564
Other liabilities	40,846			1,580			42,426
Total liabilities	1,363,520			(38,368		)	1,325,152
HARSCO CORPORATION STOCKHOLDERS' EQUITY
Accumulated other comprehensive loss	(546,582		)	(1,520		)	(548,102		)
Retained earnings	1,157,801			3,957			1,161,758
Total Harsco Corporation stockholders' equity	170,451			2,437			172,888
Total equity	215,165			2,437			217,602
Total liabilities and equity	1,578,685			(35,931		)	1,542,754

The impact of modifying the Company's Consolidated Balance Sheet at December 31, 2018 is as follows:

	December 31, 2018
(In thousands)	As Reported		Impact of Adoption			As Reported - Less Impact of Adoption
ASSETS
Current assets:
Trade accounts receivable, net	$	291,213	$	12,767		$	303,980
Inventories	133,111		44,510			177,621
Current portion of contract assets	24,254		(24,254		)	—
Other current assets	35,128		(620		)	34,508
Total current assets	605,034		32,403			637,437
Deferred income tax assets	49,114		2,401			51,515
Other assets	17,442		(1,681		)	15,761
Total assets	1,632,867		33,123			1,665,990

	December 31, 2018
(In thousands)	As Reported		Impact of Adoption		As Reported - Less Impact of Adoption
LIABILITIES
Current liabilities:
Current portion of advances on contracts	31,317		86,011		117,328
Other current liabilities	118,708		(9,449	)	109,259
Total current liabilities	416,996		76,562		493,558
Advances on contracts	37,675		(37,675	)	—
Other liabilities	46,005		(253	)	45,752
Total liabilities	1,319,491		38,634		1,358,125
HARSCO CORPORATION STOCKHOLDERS' EQUITY
Accumulated other comprehensive loss	(567,107	)	1,104		(566,003	)
Retained earnings	1,298,752		(6,636	)	1,292,116
Total Harsco Corporation stockholders' equity	268,263		(5,532	)	262,731
Noncontrolling interests	45,113		21		45,134
Total equity	313,376		(5,511	)	307,865
Total liabilities and equity	1,632,867		33,123		1,665,990

The impact of modifying the Company's Consolidated Statements of Operation for the twelve months ended December 31, 2018 is as follows:

	Twelve Months Ended
	December 31, 2018
(In thousands, except per share amounts)	As Reported			Impact of Adoption			As Reported - Less Impact of Adoption
Revenues from continuing operations:
Services revenues	$	1,007,239		$	4,921		$	1,012,160
Product revenues	715,141			6,084			721,225
Total revenues	1,722,380			11,005			1,733,385
Costs and expenses from continuing operations:
Costs of services sold	780,930			5,300			786,230
Costs of products sold	507,807			11,642			519,449
Selling, general and administrative costs	238,690			117			238,807
Total costs and expenses	1,531,453			17,059			1,548,512
Operating income from continuing operations	190,927			(6,054		)	184,873
Interest expense	(38,148		)	1,929			(36,219		)
Income from continuing operations before income taxes	157,254			(4,125		)	153,129
Income tax expense	(12,899		)	1,446			(11,453		)
Income from continuing operations	144,739			(2,679		)	142,060
Net income	145,013			(2,679		)	142,334
Less: Net income attributable to noncontrolling interests	(7,956		)	(21		)	(7,977		)
Net income attributable to Harsco Corporation	137,057			(2,700		)	134,357
Amounts attributable to Harsco Corporation common stockholders:
Income from continuing operations, net of tax	136,783			(2,700		)	134,083
Net income attributable to Harsco Corporation common stockholders	137,057			(2,700		)	134,357
Basic earnings per share attributable to Harsco Corporation common stockholders (a):
Continuing operations	1.69			(0.03		)	$	1.66
Basic earnings per share attributable to Harsco Corporation common stockholders	1.70			(0.03		)	$	1.66
Diluted earnings per share attributable to Harsco Corporation common stockholders (a):
Continuing operations	1.64			(0.03		)	$	1.60
Diluted earnings per share attributable to Harsco Corporation common stockholders	1.64			(0.03		)	$	1.61

(a) The total of As Reported and Impact of Adoption may not equal As Reported - Less Impact of Adoption due to rounding.

The impact of modifying the Company's Consolidated Statements of Cash Flows for the twelve months ended December 31, 2018 is as follows:

	Twelve Months Ended
	December 31, 2018
(In thousands)	As Reported			Impact of Adoption			As Reported - Less Impact of Adoption
Cash flows from operating activities:
Net income	$	145,013		$	(2,679	)	$	142,334
Adjustments to reconcile net income to net cash used by operating activities:
Deferred income tax benefit	(6,522		)	(1,446		)	(7,968		)
Changes in assets and liabilities:
Accounts receivable	(16,881		)	(13,143		)	(30,024		)
Inventories	(14,706		)	10,330			(4,376		)
Contract assets	(3,312		)	3,312			—
Advances on contracts	3,057			(1,378		)	1,679
Other assets and liabilities	(33,527		)	5,004			(28,523		)
Net cash used by operating activities	192,022			—			192,022