XML 15 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
EXPENSES        
Depreciation and amortization $ 119 $ 142 $ 243 $ 243
Exploration expense 4,650 1,491 5,839 2,737
General and administrative 6,742 5,829 13,068 10,846
Taxes other than on income 307 198 656 498
Total expenses 11,818 7,660 19,806 14,324
LOSS FROM OPERATIONS (11,818) (7,660) (19,806) (14,324)
OTHER NON-OPERATING INCOME (EXPENSE)        
Investment earnings and other 240 140 385 271
Interest expense (1,704) (688) (3,916) (1,104)
Loss on extinguishment of debt (9,682)   (9,682)  
Other non-operating expenses (244)   (675)  
Foreign currency transaction loss (32) (24) (43) (1,551)
Total other non-operating income (expense) (11,422) (572) (13,931) (2,384)
LOSS FROM CONSOLIDATED COMPANIES CONTINUING OPERATIONS BEFORE INCOME TAXES (23,240) (8,232) (33,737) (16,708)
INCOME TAX EXPENSE 260 152 482 133
LOSS FROM CONSOLIDATED COMPANIES CONTINUING OPERATIONS (23,500) (8,384) (34,219) (16,841)
NET INCOME FROM UNCONSOLIDATED EQUITY AFFILIATES 17,899 8,915 36,003 47,282
NET INCOME (LOSS) FROM CONTINUING OPERATIONS (5,601) 531 1,784 30,441
DISCONTINUED OPERATIONS:        
Income (loss) from discontinued operations 480 803 (2,786) 2,818
Gain on sale of assets 103,933   103,933  
Income tax expense on gain (5,200)   (5,200)  
Income from discontinued operations 99,213 803 95,947 2,818
NET INCOME 93,612 1,334 97,731 33,259
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 3,562 1,630 6,911 8,965
NET INCOME (LOSS) ATTRIBUTABLE TO HARVEST $ 90,050 $ (296) $ 90,820 $ 24,294
NET INCOME (LOSS) ATTRIBUTABLE TO HARVEST PER COMMON SHARE:        
Basic $ 2.65 $ (0.01) $ 2.67 $ 0.73
Diluted $ 2.24 $ (0.01) $ 2.28 $ 0.65