XML 42 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Financial Information Related To The Company's Business Segments
The following financial information relates to the Company’s business segments:
(In thousands)
 
 
 
 
 
 
 
South American Properties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2016
 
Mine
Production
 
PGM
Recycling
 
Canadian
Properties
 
 
All Other
 
Total
Revenues
 
$
106,395

 
$
59,188

 
$

 
$

 
$
100

 
$
165,683

Depletion, depreciation and amortization
 
$
20,517

 
$
194

 
$

 
$

 
$

 
$
20,711

General and administrative expenses
 
$

 
$

 
$
203

 
$
375

 
$
7,733

 
$
8,311

Interest income
 
$

 
$
466

 
$
1

 
$

 
$
493

 
$
960

Interest expense
 
$

 
$

 
$

 
$

 
$
4,067

 
$
4,067

Income (loss) before income taxes
 
$
10,288

 
$
2,971

 
$
(219
)
 
$
(1,385
)
 
$
(11,086
)
 
$
569

Capital expenditures
 
$
19,418

 
$

 
$

 
$

 
$
166

 
$
19,584

Total assets
 
$
626,078

 
$
66,013

 
$
25,953

 
$
103,586

 
$
459,601

 
$
1,281,231

(In thousands)
 
 
 
 
 
 
 
South American Properties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2015
 
Mine
Production
 
PGM
Recycling
 
Canadian
Properties *
 
 
All Other
 
Total
Revenues
 
$
118,968

 
$
66,316

 
$

 
$

 
$
100

 
$
185,384

Depletion, depreciation and amortization
 
$
16,942

 
$
256

 
$

 
$

 
$

 
$
17,198

General and administrative expenses
 
$

 
$

 
$
280

 
$
172

 
$
9,944

 
$
10,396

Interest income
 
$

 
$
416

 
$
2

 
$
5

 
$
301

 
$
724

Interest expense
 
$

 
$

 
$

 
$

 
$
5,312

 
$
5,312

Income (loss) before impairment charge and income taxes
 
$
21,394

 
$
2,036

 
$
(354
)
 
$
(104
)
 
$
(14,838
)
 
$
8,134

Impairment charge
 
$

 
$

 
$
46,772

 
$

 
$

 
$
46,772

Income (loss) after impairment charge and before income tax provision
 
$
21,394

 
$
2,036

 
$
(47,126
)
 
$
(104
)
 
$
(14,838
)
 
$
(38,638
)
Capital expenditures
 
$
27,161

 
$
104

 
$

 
$
46

 
$
3,005

 
$
30,316

Total assets
 
$
612,486

 
$
68,927

 
$
27,735

 
$
105,058

 
$
564,466

 
$
1,378,672

* Total assets includes cash and cash equivalents of $17.8 million.
(In thousands)
 
 
 
 
 
 
 
South
American
Properties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
Mine
Production
 
PGM
Recycling
 
Canadian
Properties
 
 
All Other
 
Total
Revenues
 
$
192,197

 
$
106,924

 
$

 
$

 
$
200

 
$
299,321

Depletion, depreciation and amortization
 
$
37,586

 
$
385

 
$

 
$

 
$

 
$
37,971

General and administrative expenses
 
$

 
$

 
$
339

 
$
683

 
$
15,586

 
$
16,608

Interest income
 
$

 
$
759

 
$
1

 
$
1

 
$
909

 
$
1,670

Interest expense
 
$

 
$

 
$

 
$

 
$
8,249

 
$
8,249

Income (loss) before income taxes
 
$
11,579

 
$
4,764

 
$
(387
)
 
$
(2,628
)
 
$
(23,250
)
 
$
(9,922
)
Capital expenditures
 
$
37,895

 
$
10

 
$

 
$

 
$
521

 
$
38,426

Total assets
 
$
626,078

 
$
66,013

 
$
25,953

 
$
103,586

 
$
459,601

 
$
1,281,231

(In thousands)
 
 
 
 
 
 
 
South
American
Properties
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
 
Mine
Production
 
PGM
Recycling
 
Canadian
Properties *
 
 
All Other
 
Total
Revenues
 
$
244,706

 
$
140,998

 
$

 
$

 
$
200

 
$
385,904

Depletion, depreciation and amortization
 
$
33,811

 
$
508

 
$

 
$

 
$

 
$
34,319

General and administrative expenses
 
$

 
$

 
$
515

 
$
354

 
$
17,872

 
$
18,741

Interest income
 
$

 
$
818

 
$
6

 
$
19

 
$
583

 
$
1,426

Interest expense
 
$

 
$

 
$

 
$

 
$
10,616

 
$
10,616

Income (loss) before impairment charge and income tax provision
 
$
50,222

 
$
4,163

 
$
(787
)
 
$
(877
)
 
$
(27,743
)
 
$
24,978

Impairment charge
 
$

 
$

 
$
46,772

 
$

 
$

 
$
46,772

Income (loss) before income taxes
 
$
50,222

 
$
4,163

 
$
(47,559
)
 
$
(877
)
 
$
(27,743
)
 
$
(21,794
)
Capital expenditures
 
$
52,709

 
$
164

 
$

 
$
46

 
$
5,299

 
$
58,218

Total assets
 
$
612,486

 
$
68,927

 
$
27,735

 
$
105,058

 
$
564,466

 
$
1,378,672

* Total assets includes cash and cash equivalents of $17.8 million.