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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues $ 106,493 $ 104,163 $ 147,245 $ 140,057
Cost of sales (excluding depreciation) 66,768 62,109 103,993 97,017
Depreciation expense related to cost of sales 7,480 5,647 15,188 10,961
Gross profit 32,245 36,407 28,064 32,079
Operating expenses 14,315 14,373 27,114 27,492
Depreciation and amortization expense 2,454 2,173 4,984 4,049
(Gain) loss on dispositions of assets (114) 1,170 (168) 1,397
Impairment of long-lived assets 539 236 770 236
Acquisition expenses 1,844 208 2,447 210
Cost related to antitrust investigations and related litigation (Note 11) 731 1,130 2,152 2,043
Income (loss) from operations 12,476 17,117 (9,235) (3,348)
Interest expense (14,826) (14,320) (29,175) (21,579)
Interest income 4 8 8 12
Debt refinance costs   (60)   (6,168)
Income (loss) before income taxes (2,346) 2,745 (38,402) (31,083)
Income tax benefit (expense) 400 (613) (2,645) 10,618
Net income (loss) (1,946) 2,132 (41,047) (20,465)
Basic net income (loss) per share:        
Net income (loss) (in dollars per share) $ (0.09) $ 0.09 $ (1.81) $ (0.91)
Weighted average common shares outstanding (in shares) 22,737 22,870 22,713 22,432
Diluted net income (loss) per share:        
Net income (loss) (in dollars per share) $ (0.09) $ 0.09 $ (1.81) $ (0.91)
Weighted average common shares outstanding (in shares) 22,737 23,165 22,713 22,432
REDDY ICE CORPORATION
       
Revenues 106,493 104,163 147,245 140,057
Cost of sales (excluding depreciation) 66,768 62,109 103,993 97,017
Depreciation expense related to cost of sales 7,480 5,647 15,188 10,961
Gross profit 32,245 36,407 28,064 32,079
Operating expenses 14,315 14,373 27,114 27,492
Depreciation and amortization expense 2,454 2,173 4,984 4,049
(Gain) loss on dispositions of assets (114) 1,170 (168) 1,397
Impairment of long-lived assets 539 236 770 236
Acquisition expenses 1,844 208 2,447 210
Income (loss) from operations 13,207 18,247 (7,083) (1,305)
Interest expense (14,504) (13,912) (28,530) (17,805)
Interest income 4 8 8 11
Debt refinance costs   (60)   (6,168)
Income (loss) before income taxes (1,293) 4,283 (35,605) (25,267)
Income tax benefit (expense) 370 (924) 13,114 8,502
Net income (loss) $ (923) $ 3,359 $ (22,491) $ (16,765)