XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Condensed Unaudited Consolidated Statements of Operations and Comprehensive Income        
Net product sales $ 114,417 $ 100,542 $ 271,156 $ 315,483
Cost of products sold 100,842 83,225 238,598 268,936
Gross profit 13,575 17,317 32,558 46,547
Gain on other sales 1,497 1,102 2,935 4,856
Less: Operating expenses        
Selling expenses 3,800 3,563 8,895 10,507
General and administrative expenses 5,142 4,429 13,330 13,453
Research and development expenses 6,072 5,988 17,390 19,343
Total operating expenses 15,014 13,980 39,615 43,303
Income from operations 58 4,439 (4,122) 8,100
Other income 350 171 1,724 1,131
Interest expense (403) (787) (1,214) (2,086)
Financial (expense)/income, net (2,313) 1,552 (2,903) 2,439
(Loss)/income before income tax expenses and equity in earnings/(loss) of affiliated companies (2,308) 5,375 (6,515) 9,584
Less: Income tax (benefit)/expense (189) 948 294 1,820
Equity in earnings/(loss) of affiliated companies 3,632 (226) 3,454 (222)
Net income 1,513 4,201 (3,355) 7,542
Less: Net loss attributable to non-controlling interests (848) (113) (1,590) (688)
Accretion to redemption value of redeemable non-controlling interest (3) 0 (3) 0
Net income attributable to parent company's common shareholders 2,358 4,314 (1,768) 8,230
Comprehensive income:        
Net income 1,513 4,201 (3,355) 7,542
Other comprehensive income:        
Foreign currency translation income/(loss), net of tax 12,774 (9,703) 8,171 (10,221)
Comprehensive income/(loss) 14,287 (5,502) 4,816 (2,679)
Comprehensive income/(loss) attributable to non-controlling interests 80 (837) (1,059) (1,454)
Comprehensive income/(loss) attributable to parent company $ 14,207 $ (4,665) $ 5,875 $ (1,225)
Net income attributable to parent company's common shareholders per share -        
Basic - (in dollars per share) $ 0.08 $ 0.14 $ (0.06) $ 0.26
Diluted- (in dollars per share) $ 0.08 $ 0.14 $ (0.06) $ 0.26
Weighted average number of common shares outstanding -        
Basic (in shares) 31,112,076 31,492,035 31,153,162 31,498,553
Diluted (in shares) 31,113,374 31,492,035 31,153,619 31,501,108