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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Condensed Consolidated Statements of Operations [Abstract]    
Revenues$ 268,845$ 323,438$ 801,166$ 832,314
Cost of revenues226,579263,405671,784710,483
Selling, general and administrative expenses27,89520,41270,98861,022
Gain on disposition of net assets  (6,913) 
Directors' indemnification expense   14,357
Operating income14,37139,62165,30746,452
Interest and investment income4,4943,60216,7869,714
Interest expense(680)(593)(1,989)(1,797)
Gain on litigation, net  4,535 
Other expense(996)(1,168)(4,433)(256)
Income before income taxes and equity in net (loss) income of affiliates17,18941,46280,20654,113
Income tax provision(17,225)(9,081)(53,007)(12,242)
(Loss) income before equity in net (loss) income of affiliates(36)32,38127,19941,871
Equity in net (loss) income of affiliates(77,262)40,011(7,076)40,229
Net (loss) income(77,298)72,39220,12382,100
Net income attributable to noncontrolling interest(70) (339) 
Net (loss) income attributable to Loral$ (77,368)$ 72,392$ 19,784$ 82,100
Net (loss) income per share attributable to Loral common shareholders:    
Basic$ (2.52)$ 2.40$ 0.64$ 2.74
Diluted$ (2.52)$ 2.29$ 0.63$ 2.63
Weighted average common shares outstanding:    
Basic30,70630,20630,68030,017
Diluted30,70631,20431,19530,777