XML 14 R3.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues from continuing operations:        
Total revenues $ 509,398 $ 423,155 $ 1,355,520 $ 1,103,955
Costs and expenses from continuing operations:        
Selling, general and administrative expenses 87,954 63,197 241,224 187,104
Research and development expenses 568 1,341 2,620 3,210
Other expenses, net 3,633 383 9,074 409
Total costs and expenses 504,334 376,410 1,345,707 1,019,587
Operating income from continuing operations 5,064 46,745 9,813 84,368
Interest income 604 445 1,613 1,569
Interest expense (15,794) (12,819) (43,396) (24,429)
Unused debt commitment and amendment fees 0 (158) (1,920) (7,593)
Defined benefit pension income (expense) 1,859 (1,356) 5,171 (4,166)
Income (loss) from continuing operations before income taxes and equity income (8,267) 32,857 (28,719) 49,749
Income tax benefit (expense) 1,654 (12,601) 4,640 (17,814)
Equity income of unconsolidated entities, net 9 81 176 151
Income (loss) from continuing operations (6,604) 20,337 (23,903) 32,086
Discontinued operations:        
Gain on sale of discontinued business 0 527,980 18,371 527,980
Income (loss) from discontinued businesses (1,531) 272 (1,232) 23,958
Income tax expense related to discontinued businesses (204) (110,732) (9,803) (112,701)
Income (loss) from discontinued operations (1,735) 417,520 7,336 439,237
Net income (loss) (8,339) 437,857 (16,567) 471,323
Less: Net income attributable to noncontrolling interests (1,239) (2,506) (3,472) (6,633)
Net income (loss) attributable to Harsco Corporation (9,578) 435,351 (20,039) 464,690
Amounts attributable to Harsco Corporation common stockholders:        
Income (loss) from continuing operations, net of tax (7,843) 17,831 (27,375) 25,453
Income (loss) from discontinued operations (1,735) 417,520 7,336 439,237
Net income (loss) attributable to Harsco Corporation $ (9,578) $ 435,351 $ (20,039) $ 464,690
Weighted-average shares of common stock outstanding 79,000 79,666 78,916 79,966
Basic earnings (loss) per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ (0.10) $ 0.22 $ (0.35) $ 0.32
Discontinued operations (in dollars per share) (0.02) 5.24 0.09 5.49
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ (0.12) $ 5.46 $ (0.25) [1] $ 5.81
Diluted weighted-average shares of common stock outstanding (in shares) 79,000 81,110 78,916 81,749
Diluted earnings (loss) per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ (0.10) $ 0.22 $ (0.35) $ 0.31
Discontinued operations (in dollars per share) (0.02) 5.15 0.09 5.37
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ (0.12) $ 5.37 $ (0.25) [1] $ 5.68
Products And Services, Service Revenue        
Revenues from continuing operations:        
Total revenues $ 384,279 $ 316,667 $ 1,021,196 $ 784,190
Costs and expenses from continuing operations:        
Cost of services sold 313,136 239,519 835,277 608,230
Product Revenues        
Revenues from continuing operations:        
Total revenues 125,119 106,488 334,324 319,765
Costs and expenses from continuing operations:        
Cost of services sold $ 99,043 $ 71,970 $ 257,512 $ 220,634
[1]     Does not total due to rounding