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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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Revenue $ 146,901 $ 174,900 $ 313,253 $ 367,013
Cost of revenues:        
Cost of revenues 94,926 109,514 187,631 219,809
Gross profit 51,975 65,386 125,622 147,204
Operating expenses:        
Research and development expenses 1,128 1,172 2,004 2,791
Selling and marketing expenses 3,988 4,854 8,264 9,648
General and administrative expenses 18,240 11,870 36,846 28,615
Business interruption insurance income 0 (585) 0 (2,982)
Operating income 28,619 48,075 78,508 109,132
Other income (expense):        
Interest income 808 441 1,071 843
Interest expense, net (18,626) (19,785) (37,642) (37,058)
Derivatives and foreign currency transaction gains (losses) 658 671 (16,208) 1,064
Income attributable to sale of tax benefits 7,420 5,672 13,775 9,804
Other non-operating income (expense), net (21) 304 (352) 382
Income from operations before income tax and equity in earnings (losses) of investees 18,858 35,378 39,152 84,167
Income tax provision (4,268) (11,766) (7,275) (29,914)
Equity in earnings (losses) of investees, net 605 1,658 1,147 923
Net income 15,195 25,270 33,024 55,176
Net income attributable to noncontrolling interest (2,169) (2,224) (4,739) (6,097)
Net income attributable to the Company's stockholders 13,026 23,046 28,285 49,079
Comprehensive income:        
Net income 15,195 25,270 33,024 55,176
Other comprehensive income (loss), net of related taxes:        
Change in foreign currency translation adjustments 416 921 (1,410) 276
Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of unconsolidated investment (1,234) (653) 2,521 (5,408)
Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge 198 0 (2,600) 0
Change in unrealized gains or losses on marketable securities available-for-sale (net of related tax of $0) 9 0 (11) 0
Other changes in comprehensive income 17 12 33 17
Comprehensive income 14,601 25,550 31,557 50,061
Comprehensive income attributable to noncontrolling interest (2,301) (2,763) (4,298) (6,249)
Comprehensive income attributable to the Company's stockholders $ 12,300 $ 22,787 $ 27,259 $ 43,812
Earnings per share attributable to the Company's stockholders:        
Basic: (in dollars per share) $ 0.23 $ 0.45 $ 0.51 $ 0.96
Diluted: (in dollars per share) $ 0.23 $ 0.45 $ 0.50 $ 0.95
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:        
Basic (in shares) 55,992 51,043 55,990 51,040
Diluted (in shares) 56,316 51,362 56,502 51,448
Electricity [Member]        
Revenues:        
Revenue $ 133,864 $ 128,685 $ 278,852 $ 271,541
Cost of revenues:        
Cost of revenues 83,736 71,950 163,587 143,318
Product [Member]        
Revenues:        
Revenue 7,410 43,701 16,053 91,112
Cost of revenues:        
Cost of revenues 5,924 34,709 13,998 71,687
Energy Storage and Management Services [Member]        
Revenues:        
Revenue 5,627 2,514 18,348 4,360
Cost of revenues:        
Cost of revenues $ 5,266 $ 2,855 $ 10,046 $ 4,804