XML 16 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 25, 2015
Sep. 30, 2016
Sep. 25, 2015
Consolidated Statements of Operations        
Gross revenue $ 1,279,230 $ 1,365,186 $ 3,872,921 $ 3,949,320
Equity in earnings of joint ventures and affiliated companies 26,877 14,890 44,647 36,908
Operating expenses:        
Direct cost of services (1,189,167) (1,096,008) (3,497,257) (3,190,539)
Selling, general and administrative (225,290) (220,246) (692,915) (679,619)
Operating (loss) income (108,350) 63,822 (272,604) 116,070
Other income (expense):        
Interest income 136 56 306 158
Interest expense (3,873) (3,041) (10,019) (11,421)
(Loss) income before provision for income taxes (112,087) 60,837 (282,317) 104,807
Benefit (provision) for income taxes 78,438 (12,332) 118,202 (25,691)
Net (loss) income (33,649) 48,505 (164,115) 79,116
Less: loss (income) attributable to noncontrolling interests 49,582 (9,060) 142,585 (12,423)
Net income attributable to CH2M $ 15,933 $ 39,445 $ (21,530) $ 66,693
Net income (loss) attributable to CH2M per common share1:        
Basic (in dollars per share) [1] $ 0.40 $ 1.22 $ (1.22) $ 2.26
Diluted (in dollars per share) [1] $ 0.40 $ 1.22 $ (1.22) $ 2.26
Weighted average number of common shares:        
Basic (in shares) 25,356,689 27,139,832 25,816,819 27,281,219
Diluted (in shares) 25,389,138 27,198,832 25,816,819 27,297,219
[1] Represents net (loss) income attributable to CH2M less (i) income allocated to preferred stockholders of $1,984 for the three months ended September 30, 2016 and $3,913 and $2,502 for the three and nine months ended September 25, 2015, respectively, and (ii) accrued dividends attributable to preferred stockholders of $3,891 and $10,067 for the three and nine months ended September 30, 2016, respectively, and $2,501 and $2,556 for the three and nine months ended September 25, 2015, respectively