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Condensed Consolidated Statements of Operations and Comprehensive Loss (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 132,468 $ 114,934 $ 238,071 $ 188,993
Cost of sales (107,978) (104,856) (193,013) (168,302)
Gross margin 24,490 10,078 45,058 20,691
Selling expenses (10,199) (11,170) (19,551) (19,388)
General and administrative expenses (11,573) (8,265) (19,824) (16,488)
Equity in income (loss) from joint ventures, net 317 (102) 384 (495)
Loss on debt extinguishment 0 (88,384) 0 (88,384)
Interest expense (5,909) [1] (4,375) [1] (12,197) [1] (8,326) [1]
Other (expense) income, net (8,398) 786 (6,092) 2,417
(Loss) income before income taxes (11,272) (101,432) (12,222) (109,973)
Income tax (expense) benefit (848) 676 (96) 1,017
Net loss (12,120) (100,756) (12,318) (108,956)
Less: Net (income) loss attributable to non-controlling interests 19 (349) (194) (438)
Net loss attributable to SHLP (12,101) (101,105) (12,512) (109,394)
Comprehensive loss $ (12,761) $ (99,485) $ (11,516) $ (107,005)
[1] For the three and six months ended June 30, 2012 and 2011, assets qualifying for interest capitalization was less than debt; therefore, non-qualifying interest was expensed.