XML 104 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
Statements of Condensed Consolidated Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Revenue $ 160,805 $ 175,604 $ 260,295 $ 278,147
Expenses:        
Cost of services 70,161 78,638 117,962 128,541
Selling, general and administrative 54,629 58,224 102,650 108,996
Depreciation and amortization 12,425 12,771 25,004 24,890
Impairment of goodwill 5,698 0 5,698 0
Total operating costs and expenses 142,913 149,633 251,314 262,427
Gain on disposal of property, plant and equipment and equity method investments 19,825 153 19,975 3,857
Earnings from operations 37,717 26,124 28,956 19,577
Loss on extinguishment of debt 0 0 0 (14,506)
Interest income 187 298 450 700
Interest expense (6,480) (8,521) (14,095) (18,056)
Foreign currency, net (1,056) (1,328) (3,812) (880)
Earnings/(losses) before income taxes and earnings from unconsolidated companies, net of tax 30,368 16,573 11,499 (13,165)
Provision for income taxes (16,338) (11,561) (7,058) (1,319)
Earnings(losses) before earnings from unconsolidated companies, net of tax 14,030 5,012 4,441 (14,484)
Earnings from unconsolidated companies, net of tax provision/ (benefit) of $608, $910, $(116) and $585 1,357 1,451 1,682 1,038
Earnings/(losses) from continuing operations 15,387 6,463 6,123 (13,446)
Net losses from discontinued operations, net of tax provision/(benefit) of $Nil, $Nil, $Nil and $Nil (53) (467) (243) (1,202)
Net earnings/(losses) 15,334 5,996 5,880 (14,648)
Net (earnings)/losses attributable to non-controlling interests 90 89 (5) (27)
Net earnings/(losses) attributable to Belmond Ltd. $ 15,424 $ 6,085 $ 5,875 $ (14,675)
Basic earnings per share        
Net earnings/(losses) from continuing operations (in dollars per share) $ 0.148 $ 0.062 $ 0.059 $ (0.130)
Net earnings/(losses) from discontinued operations (in dollars per share) (0.001) (0.005) (0.002) (0.012)
Basic net earnings/(losses) per share attributable to Belmond Ltd. (in dollars per share) 0.148 0.058 0.057 (0.142)
Diluted earnings per share        
Net earnings/(losses) from continuing operations (in dollars per share) 0.146 0.061 0.058 (0.130)
Net earnings/(losses) from discontinued operations (in dollars per share) (0.001) (0.004) (0.002) (0.012)
Diluted net earnings/(losses) per share attributable to Belmond Ltd. (in dollars per share) $ 0.146 $ 0.058 $ 0.056 $ (0.142)