Financial Information
18 (in thousands, except per share data) 2015 2014 2015 2014 Revenues 176,317 $
184,100
$
350,588 $
342,745
$
Cost of revenues (exclusive of depreciation and amortization,
and impairment charges shown
below) (151,249)
(155,218)
(294,480)
(293,012)
Selling, general and administrative
expenses (exclusive of
depreciation and amortization shown below)
(28,829)
(26,097)
(58,075)
(57,253)
Depreciation and amortization
(8,254)
(11,437)
(16,989)
(22,256)
Impairment charges
(4,598)
(4,598)
Restructuring costs (4,361)
(1,328)
(4,551)
(1,328)
Equity in losses of affiliates (1,486)
(212)
(1,593)
(278)
Gain on extinguishment of debt
4,236
Interest expense (4,295)
(3,025)
(8,147)
(7,074)
Other income, net 252
751
1,293
611
Loss from continuing operations before income taxes
(26,503)
(12,466)
(32,316)
(37,845)
Income tax benefit
(expense) 2,993
(213)
2,232
(1,969)
Net loss from continuing
operations (23,510)
(12,679)
(30,084)
(39,814)
Net income (loss) from discontinued
operations 5,356
(42,280)
5,372
(41,897)
Net loss
(18,154)
(54,959)
(24,712)
(81,711)
Net income attributable to
noncontrolling interests
-
(69)
-
(1,045)
Net loss attributable to
Layne Christensen (18,154)
$
(55,028) $
(24,712)
$
(82,756) $
Earnings per share information
attributable to Layne Christensen
shareholders:
Loss per share from continuing operations - basic
and diluted (1.19)
$
(0.65) $
(1.53)
$
(2.08) $
Earnings (loss) per
share from discontinued operations - basic and diluted 0.26
(2.16)
0.27
(2.14)
Loss per share attributable to Layne Christensen - basic and diluted
(0.93)
$
(2.81) $
(1.26)
$
(4.22) $
Weighted average shares
outstanding - basic and dilutive
19,744
19,629
19,690
19,627
(unaudited)
(unaudited)
Three Months
Six Months
Ended July 31,
Ended July 31, |