XML 73 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues from continuing operations:      
Service revenues $ 2,340,996 $ 2,700,664 $ 2,511,505
Product revenues 705,022 602,076 527,173
Total revenues 3,046,018 3,302,740 3,038,678
Costs and expenses from continuing operations:      
Cost of services sold 1,861,732 2,162,948 1,994,637
Cost of products sold 487,784 407,680 342,242
Selling, general and administrative expenses 503,339 535,679 532,624
Research and development expenses 9,139 6,044 4,271
Goodwill impairment charge 265,038 0 0
Other expenses 93,776 102,740 86,473
Total costs and expenses 3,220,808 3,215,091 2,960,247
Operating income (loss) from continuing operations (174,790) 87,649 78,431
Interest income 3,676 2,751 2,668
Interest expense (47,381) (48,735) (60,623)
Income (loss) from continuing operations before income taxes and equity income (218,495) 41,665 20,476
Income tax expense (35,251) (49,848) (4,276)
Equity in income of unconsolidated entities, net 564 690 390
Income (loss) from continuing operations (253,182) (7,493) 16,590
Discontinued operations:      
Loss on disposal of discontinued business (1,843) (3,306) (7,249)
Income tax benefit related to discontinued business 924 1,243 3,118
Loss from discontinued operations (919) (2,063) (4,131)
Net income (loss) (254,101) (9,556) 12,459
Less: Net income attributable to noncontrolling interests (511) (1,954) (5,705)
Net income (loss) attributable to Harsco Corporation (254,612) (11,510) 6,754
Amounts attributable to Harsco Corporation common stockholders:      
Income (loss) from continuing operations, net of tax (253,693) (9,447) 10,885
Loss from discontinued operations, net of tax (919) (2,063) (4,131)
Net income (loss) attributable to Harsco Corporation common stockholders $ (254,612) $ (11,510) $ 6,754
Weighted average number of shares of common stock outstanding 80,632 80,736 80,569
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders:      
Continuing operations (in dollars per share) $ (3.15) $ (0.12) $ 0.14
Discontinued operations (in dollars per share) $ (0.01) $ (0.03) $ (0.05)
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders $ (3.16) $ (0.14) [1] $ 0.08 [1]
Diluted weighted average number of shares of stock outstanding 80,632 80,736 80,761
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders:      
Continuing operations (in dollars per share) $ (3.15) $ (0.12) $ 0.13
Discontinued operations (in dollars per share) $ (0.01) $ (0.03) $ (0.05)
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders $ (3.16) $ (0.14) [1] $ 0.08
[1] Does not total due to rounding.