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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenue $ 174,900 $ 184,065 $ 367,013 $ 383,103
Cost of revenues:        
Cost of revenues 109,514 118,918 219,809 243,777
Gross profit 65,386 65,147 147,204 139,326
Operating expenses:        
Research and development expenses 1,172 810 2,791 1,710
Selling and marketing expenses 4,854 3,276 9,648 7,141
General and administrative expenses 11,285 14,181 25,633 29,870
Operating income 48,075 46,880 109,132 100,605
Other income (expense):        
Interest income 441 420 843 713
Interest expense, net (19,785) (21,517) (37,058) (42,740)
Derivatives and foreign currency transaction gains (losses) 671 19 1,064 491
Income attributable to sale of tax benefits 5,672 4,637 9,804 12,401
Other non-operating income (expense), net 304 1,027 382 1,118
Income from operations before income tax and equity in earnings (losses) of investees 35,378 31,466 84,167 72,588
Income tax (provision) benefit (11,766) 3,529 (29,914) (10,510)
Equity in earnings (losses) of investees, net 1,658 1,202 923 2,249
Net income 25,270 36,197 55,176 64,327
Net income attributable to noncontrolling interest (2,224) (2,259) (6,097) (4,443)
Net income attributable to the Company's stockholders 23,046 33,938 49,079 59,884
Comprehensive income:        
Net income 25,270 36,197 55,176 64,327
Other comprehensive income (loss), net of related taxes:        
Change in foreign currency translation adjustments 921 482 276 (866)
Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of unconsolidated investment (653) (2,087) (5,408) (3,232)
Change in respect of derivative instruments designated for cash flow hedge 17 18 30 40
Amortization of unrealized gains in respect of derivative instruments designated for cash flow hedge (5) (9) (13) (17)
Comprehensive income 25,550 34,601 50,061 60,252
Comprehensive income attributable to noncontrolling interest (2,763) (2,443) (6,249) (4,305)
Comprehensive income attributable to the Company's stockholders $ 22,787 $ 32,158 $ 43,812 $ 55,947
Basic:        
Net income (in dollars per share) $ 0.45 $ 0.67 $ 0.96 $ 1.18
Diluted:        
Net income (in dollars per share) $ 0.45 $ 0.66 $ 0.95 $ 1.17
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:        
Basic (in shares) 51,043 50,800 51,040 50,757
Diluted (in shares) 51,362 51,094 51,448 51,058
Electricity [Member]        
Revenues:        
Revenue $ 128,685 $ 129,079 $ 271,541 $ 271,987
Cost of revenues:        
Cost of revenues 71,950 73,775 143,318 151,318
Product [Member]        
Revenues:        
Revenue 43,701 52,030 91,112 104,158
Cost of revenues:        
Cost of revenues 34,709 41,316 71,687 83,422
Energy Storage and Management Services [Member]        
Revenues:        
Revenue 2,514 2,956 4,360 6,958
Cost of revenues:        
Cost of revenues $ 2,855 $ 3,827 $ 4,804 $ 9,037