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Consolidated Statements of Operations and Comprehensive Income (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
Revenues        
Mine production $ 139,733 $ 92,570 $ 261,713 $ 187,769
PGM recycling 82,872 42,291 130,953 75,941
Other       4,622
Total revenues 222,605 134,861 392,666 268,332
Costs of metals sold        
Mine production 65,094 54,980 125,344 112,843
PGM recycling 79,552 39,256 124,706 70,251
Other       4,622
Total costs of metals sold 144,646 94,236 250,050 187,716
Depletion, depreciation and amortization        
Mine production 15,395 16,589 31,196 35,046
PGM recycling 265 39 527 83
Total depletion, depreciation and amortization 15,660 16,628 31,723 35,129
Total costs of revenues 160,306 110,864 281,773 222,845
Marketing 2,800 807 3,653 1,275
Exploration 75   75  
Research and development 621   1,080  
General and administrative 9,893 7,251 16,255 13,672
(Gain)/loss on disposal of property, plant and equipment (207) 9 (226) (208)
Total costs and expenses 173,488 118,931 302,610 237,584
Operating income 49,117 15,930 90,056 30,748
Other income (expense)        
Other 4 3 12 9
Interest income 951 532 1,733 933
Interest expense (1,637) (1,636) (3,272) (3,269)
Foreign currency transaction gain     182  
Income before income tax provision 48,435 14,829 88,711 28,421
Income tax provision (5,737) (239) (9,821) (472)
Net income 42,698 14,590 78,890 27,949
Other comprehensive income (loss), net of tax 86 16 (104) (178)
Comprehensive income $ 42,784 $ 14,606 $ 78,786 $ 27,771
Weighted average common shares outstanding        
Basic 103,037 97,735 102,688 97,390
Diluted 111,123 105,932 110,924 105,616
Basic earnings per share        
Net income $ 0.41 $ 0.15 $ 0.77 $ 0.29
Diluted earnings per share        
Net income $ 0.39 $ 0.15 $ 0.73 $ 0.28