XML 12 R3.htm IDEA: XBRL DOCUMENT v2.3.0.15
Statements of Condensed Consolidated Operations (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue$ 183,858$ 179,732$ 464,738$ 438,641
Expenses:    
Depreciation and amortization11,96811,68534,98934,268
Cost of services86,46199,859222,269239,938
Selling, general and administrative60,25648,428169,493140,806
Impairment of real estate assets, goodwill and property, plant and equipment64,78730,51164,78730,511
Total expenses223,472190,483491,538445,523
Gain (Loss) on disposal of property, plant and equipment(18) 502 
Losses from operations(39,632)(10,751)(26,298)(6,882)
Interest expense, net(12,951)(8,028)(33,576)(22,138)
Foreign currency, net(4,768)3,200(2,629)2,982
Net finance costs(17,719)(4,828)(36,205)(19,156)
Losses before provision for income taxes and earnings from unconsolidated companies, net of tax(57,351)(15,579)(62,503)(26,038)
Benefit from/(provision for) income taxes5,796(8,762)1,182(15,967)
Losses before earnings from unconsolidated companies(51,555)(24,341)(61,321)(42,005)
Earnings from unconsolidated companies, net of tax of $985 and $538 for three months ended and $1,422 and $1,100 for nine months ended for 2011 and 2010 respectively2,2291,1173,2252,423
Net losses from continuing operations(49,326)(23,224)(58,096)(39,582)
(Losses)/earnings from discontinued operations, net of tax provision/(benefit) of $795 and $(1,684) for three months and $795 and $(1,684) for nine months ended for 2011 and 2010 respectively(741)749(1,430)3,486
Net losses(50,067)(22,475)(59,526)(36,096)
Net losses attributable to non-controlling interests14623(148)(184)
Net losses attributable to Orient-Express Hotels Ltd$ (49,921)$ (22,452)$ (59,674)$ (36,280)
Basic net (losses)/earnings per share:    
Net losses from continuing operations (in dollars per share)$ (0.48)$ (0.26)$ (0.57)$ (0.44)
Net (losses)/earnings from discontinued operations (in dollars per share)$ (0.01)$ 0.01$ (0.01)$ 0.04
Basic net losses per share (in dollars per share)$ (0.49)$ (0.25)$ (0.58)$ (0.40)
Diluted net (losses)/earnings per share:    
Net losses from continuing operations (in dollars per share)$ (0.48)$ (0.26)$ (0.57)$ (0.44)
Net (losses)/earnings from discontinued operations (in dollars per share)$ (0.01)$ 0.01$ (0.01)$ 0.04
Diluted net losses per share (in dollars per share)$ (0.49)$ (0.25)$ (0.58)$ (0.40)