XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Electricity $ 88,994,000 $ 77,612,000 $ 245,005,000 $ 238,837,000
Product 41,755,000 54,685,000 157,329,000 149,616,000
Total revenues 130,749,000 132,297,000 402,334,000 388,453,000
Cost of revenues:        
Electricity 61,356,000 59,924,000 175,085,000 172,785,000
Product 29,637,000 42,130,000 110,335,000 108,575,000
Total cost of revenues 90,993,000 102,054,000 285,420,000 281,360,000
Gross margin 39,756,000 30,243,000 116,914,000 107,093,000
Operating expenses:        
Research and development expenses 838,000 1,436,000 3,446,000 3,948,000
Selling and marketing expenses 2,575,000 3,346,000 17,861,000 12,752,000
General and administrative expenses 6,546,000 6,132,000 20,264,000 20,163,000
Impairment charge   7,264,000   7,264,000
Write-off of unsuccessful exploration activities       1,919,000
Operating income 29,797,000 12,065,000 75,343,000 61,047,000
Other income (expense):        
Interest income 742,000 280,000 870,000 1,004,000
Interest expense, net (18,459,000) (15,400,000) (51,826,000) (44,541,000)
Foreign currency translation and transaction gains (losses) 1,258,000 615,000 3,844,000 (1,127,000)
Income attributable to sale of tax benefits 5,027,000 2,311,000 14,342,000 7,417,000
Other non-operating income, net 137,000 215,000 1,583,000 344,000
Income before income taxes and equity in losses of investees 18,502,000 86,000 44,156,000 24,144,000
Income tax provision (5,201,000) (1,088,000) (15,028,000) (10,148,000)
Equity in losses of investees (158,000) (1,245,000) (149,000) (1,542,000)
Income (loss) from continuing operations 13,143,000 (2,247,000) 28,979,000 12,454,000
Discontinued operations:        
Income from discontinued operations (including gain on disposal of $0, $0, $3,646 and $0, respectively)   2,123,000 5,311,000 4,875,000
Total income from discontinued operations   1,732,000 4,697,000 3,778,000
Net income (loss) 13,143,000 (515,000) 33,676,000 16,232,000
Net income attributable to noncontrolling interest (193,000) (67,000) (600,000) (278,000)
Net income (loss) attributable to the Company's stockholders 12,950,000 (582,000) 33,076,000 15,954,000
Comprehensive income (loss):        
Net income (loss) 13,143,000 (515,000) 33,676,000 16,232,000
Other comprehensive income (loss), net of related taxes:        
Amortization of gains or losses in respect of derivative instruments designated for cash flow hedge (40,000) (47,000) (124,000) (140,000)
Change in fair value of marketable securities available-for-sale   262,000   242,000
Comprehensive income (loss) 13,103,000 (300,000) 33,552,000 16,334,000
Comprehensive income attributable to noncontrolling interest (211,000) (67,000) (600,000) (278,000)
Comprehensive income (loss) attributable to the Company's stockholders 12,892,000 (367,000) 32,952,000 16,056,000
Basic:        
Income (loss) from continuing operations (in Dollars per share) $ 0.29 $ (0.05) $ 0.62 $ 0.27
Discontinued operations (in Dollars per share)   $ 0.04 $ 0.10 $ 0.08
Net income (loss) (in Dollars per share) $ 0.29 $ (0.01) $ 0.72 $ 0.35
Diluted:        
Income (loss) from continuing operations (in Dollars per share) $ 0.28 $ (0.05) $ 0.62 $ 0.27
Discontinued operations (in Dollars per share)   $ 0.04 $ 0.10 $ 0.08
Net income (loss) (in Dollars per share) $ 0.28 $ (0.01) $ 0.72 $ 0.35
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:        
Basic (in Shares) 45,438 45,431 45,433 45,431
Diluted (in Shares) 45,494 45,431 45,454 45,438
Dividend per share declared (in Dollars per share) $ 0.04 $ 0.04 $ 0.08 $ 0.08
Discontinued Operations [Member]
       
Other income (expense):        
Income tax provision   $ (391,000) $ (614,000) $ (1,097,000)