XML 45 R27.htm IDEA: XBRL DOCUMENT

Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Earnings Per Share Calculation

Earnings per share have been calculated using the following share information:



	Years Ended December 31,
	2015	2014	2013
Weighted average number of common shares used for basic EPS	36,554,437	37,651,492	38,692,658
Effect of dilutive stock options and restricted and deferred stock unit awards	—	—	389,684
Weighted average number of common shares and dilutive potential common stock used in dilutive EPS	36,554,437	37,651,492	39,082,342

Schedule of Investments in and Affiliated Companies

Financial data for investments in affiliated companies are summarized in the following table (in thousands):



	Years Ended December 31,
Income statement data	2014⁽¹⁾		2013⁽²⁾
Revenue	$	9,088	$	89,157
Gross profit	3,489		27,336
Net income	2,413		17,946
Equity in earnings of affiliated companies	570		5,159

_____________________

⁽¹⁾ Includes the results of Bayou Coating through the date of its sale in March 2014.

⁽²⁾ Includes the results of Insituform-Germany through the date of its sale in June 2013.

Schedule of Variable Interest Entities

Financial data for consolidated variable interest entities are summarized in the following tables (in thousands):



	December 31,
Balance sheet data	2015⁽¹⁾		2014
Current assets	$	60,730	$	57,046
Non-current assets	26,316		43,165
Current liabilities	24,784		22,525
Non-current liabilities	25,728		36,155


⁽¹⁾	Amounts include $21.1 million of current assets and $7.0 million of current liabilities classified as held for sale. See Note 5.



	Years Ended December 31,
Income statement data	2015		2014		2013
Revenue	$	77,361	$	84,968	$	85,908
Gross profit	11,325		14,306		12,998
Net income	321		2,413		1,892

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details